Form 4: Loews Corp Director Walter L. Harris Reports Stock Conversion
SEC Form 4
Director Walter L. Harris converted 1,706 restricted stock units into common stock of Loews Corp on May 9, 2024.
Summary
- On May 9, 2024, Walter L. Harris, a director of Loews Corp, converted 1,706 restricted stock units (RSUs) into common stock.
- The RSUs vested on the first anniversary of the grant date, which was May 9, 2023.
- The conversion price was $0.
- Following the transaction, Harris directly owns 22,906 shares of Loews Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting a standard vesting and conversion of stock units. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the holdings of company directors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine conversion of previously granted equity.
Key Dates
| Date | Description |
|---|---|
| May 9, 2023 | Reporting Person was granted 1,706 RSUs |
| May 9, 2024 | RSUs vested and were converted into common stock |
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