Form 4: Loews Corp Executive Alexander Tisch Reports Stock Transactions

Alexander H. Tisch, VP; Pres. & CEO of Loews Hotels, reports the vesting of restricted stock units and acquisition of common stock.

Summary

• On February 7, 2025, Alexander H. Tisch converted 3,701 restricted stock units (RSUs) into common stock at a price of $86.81 per share.
• These RSUs were part of an award from February 7, 2022, where 50% vested on February 7, 2024, and the remaining vested on February 7, 2025.
• On February 10, 2025, Tisch was awarded 10,951 RSUs based on Loews Corp achieving a pre-determined performance-based income (PBI) metric for 2024.
• These new RSUs will vest in two tranches: 50% on February 5, 2026, and the remaining 50% on February 5, 2027.
• Following these transactions, Tisch directly owns 49,282.9 shares of Loews Corp common stock and 10,951 RSUs.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects routine executive compensation and vesting of previously awarded RSUs.

Positives

• The vesting of RSUs indicates that performance metrics were likely met, which is a positive signal.

Future Outlook

Shares of the Issuer's common stock will be delivered to the Reporting Person within 30 days after vesting, subject to any election to defer delivery of shares by the Reporting Person.

Industry Context

Executive stock transactions are common and provide insight into management's view of the company's prospects.

Stakeholder Impact

• The vesting of RSUs and subsequent stock ownership may have a minor positive impact on shareholder confidence.

Key Dates

Keywords

Loews Corp, Alexander H. Tisch, RSU, Common Stock, Beneficial Ownership, Form 4, Securities