Form 4: Loews Corp Executive Marc A. Alpert Sells 7,000 Shares
SEC Form 4
Marc A. Alpert, a Senior VP, General Counsel, and Secretary of Loews Corporation, sold 7,000 shares of common stock on August 12, 2024.
Summary
- On August 12, 2024, Marc A. Alpert, a Senior VP, General Counsel, and Secretary at Loews Corporation, sold 7,000 shares of Loews Corp common stock.
- The sale was executed at a weighted average price of $77.21 per share, with individual transaction prices ranging from $76.85 to $77.68.
- Following the transaction, Alpert directly owns 10,000 shares of Loews Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive selling shares doesn't necessarily indicate a negative outlook for the company.
Industry Context
This is a routine disclosure of an insider transaction. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, although it is a common practice.
Key Dates
| Date | Description |
|---|---|
| 08/12/2024 | Date of the stock sale transaction |
| 08/13/2024 | Date of signature for the Form 4 filing |
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