Loews Insider Sale Notice — 1,422 Shares via SAR Worth $137,588
Rhea-AI Filing Summary
Loews Corporation (L) Form 144 notice reports a proposed sale of 1,422 common shares held at Fidelity Brokerage Services, with an aggregate market value of $137,588.17. The securities were acquired the same day as the proposed sale on 09/02/2025 pursuant to stock appreciation rights (SAR) from the issuer and were paid as compensation.
The filer previously sold 1,274 common shares on 06/02/2025 for gross proceeds of $112,583.51. The current proposed sale is listed for execution on 09/02/2025 and the shares are held at Fidelity on the NYSE.
Positive
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Negative
- None.
Insights
TL;DR: Routine insider sale of SAR-derived shares; transaction size appears immaterial to company valuation.
The filing documents a proposed sale of 1,422 shares acquired and to be sold on the same date via exercise/settlement of stock appreciation rights, labeled as compensation. The transaction value of $137,588.17 and prior sale of 1,274 shares for $112,583.51 are modest in absolute terms for a public company of Loews' scale. This filing provides transparency on insider liquidity events but does not, on its face, indicate operational or governance changes.
TL;DR: Disclosure aligns with Rule 144 requirements; no governance red flags are evident from the notice alone.
The notice shows the securities were acquired as SAR compensation and the filer affirms absence of undisclosed material information per the form's attestation language. The record of a prior sale in June and the current planned sale suggests routine insider monetization tied to compensation events rather than an abrupt or unexplained divestiture. No indication of reliance on a 10b5-1 plan or other special arrangements is provided in the content.