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Company L (Ticker: L) files Form 144 to sell 1,000 common shares

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Company L filed a Form 144 notice covering a planned sale of restricted or control securities. The filing reports an intention to sell 1,000 shares of common stock through Morgan Stanley Smith Barney LLC on the NYSE, with an aggregate market value of 104,740.00. The filing notes that there were 206,659,567 shares outstanding when this notice was prepared.

The seller acquired these 1,000 shares on 02/12/2020 as performance stock units from the issuer in exchange for services rendered, rather than a cash purchase. By signing the notice, the person for whose account the shares are to be sold represents that they are not aware of any undisclosed material adverse information about the issuer’s current or prospective operations.

Positive

  • None.

Negative

  • None.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What does this Form 144 filing for L disclose?

It discloses a planned sale of 1,000 shares of common stock of the issuer for whose account the filing is made, under Rule 144.

How many L shares are proposed to be sold and what is their market value?

The notice covers 1,000 common shares with an aggregate market value of 104,740.00 as stated in the filing.

How and when were the L shares to be sold under Form 144 acquired?

The 1,000 shares were acquired on 02/12/2020 as performance stock units from the issuer in exchange for services rendered.

Through which broker and exchange will the L shares be sold?

The filing lists Morgan Stanley Smith Barney LLC Executive Financial Services as broker and names the NYSE as the securities exchange.

How many L shares are outstanding according to this Form 144?

The Form 144 reports 206,659,567 shares of the issuer’s common stock outstanding.

What representation does the seller make in this Form 144 for L?

By signing, the seller represents that they do not know of any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed.
Loews

NYSE:L

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21.21B
167.51M
18.86%
59.42%
1.06%
Insurance - Property & Casualty
Fire, Marine & Casualty Insurance
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United States
NEW YORK