Form 4: Loews Corp Executive James S. Tisch Reports Changes in Beneficial Ownership
SEC Form 4 Filing
James S. Tisch, President and Chief Executive Officer of Loews Corporation, reported changes in his beneficial ownership of the company's common stock due to gift transactions.
Summary
- James S. Tisch, a Director and the President & Chief Executive Officer of Loews Corporation, filed a Form 4 detailing changes in his beneficial ownership of Loews Corp common stock.
- On March 18, 2024, Mr. Tisch gifted 521,283 shares of common stock.
- On March 20, 2024, Mr. Tisch gifted 480,379 shares of common stock.
- Following these transactions, Mr. Tisch directly owns 2,888,278 shares of common stock and indirectly owns 9,239,044 shares through trusts and 2,832,420 shares through his spouse.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transactions appear to be gifts, suggesting a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.
Stakeholder Impact
- The change in ownership may have a minor impact on shareholders, but the gifts are unlikely to significantly alter the company's operations or strategy.
Key Dates
| Date | Description |
|---|---|
| 03/18/2024 | Gift of 521,283 shares of Common Stock |
| 03/20/2024 | Gift of 480,379 shares of Common Stock |
| 03/20/2024 | Date of signature for the report |
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