Loews insider notice: 1,421 common shares via SAR to be sold on NYSE
Rhea-AI Filing Summary
Loews Corporation (L) Rule 144 notice reports a proposed sale of 1,421 common shares held at Fidelity Brokerage Services with an aggregate market value of $137,389.39, with an approximate sale date of 09/02/2025 on the NYSE. The shares were acquired the same day (09/02/2025) as stock appreciation rights (SAR) from the issuer and were paid as compensation. The filing also discloses a prior sale by the same account of 1,274 shares on 06/02/2025 for gross proceeds of $113,150.31. The filer certifies they do not possess undisclosed material adverse information and references Rule 10b5-1 conditions if applicable.
Positive
- Filing complies with Rule 144 disclosure requirements, providing broker, share counts, market values, and acquisition details
- Transaction transparency includes prior sale in the past three months, aiding investor visibility
Negative
- None.
Insights
TL;DR Small insider sale of recently acquired SAR shares; procedural Rule 144 filing ensures public visibility.
The proposed sale of 1,421 shares valued at $137,389.39 appears to be a routine disposition of compensation-related securities acquired via SAR on the acquisition date. The filing provides transparency around timing, broker (Fidelity Brokerage Services LLC), and prior near-term sales (1,274 shares for $113,150.31 on 06/02/2025). Transaction sizes are modest relative to typical market caps for large issuers, suggesting limited market-impact. No financial results, company-specific operational updates, or undisclosed material information are reported.
TL;DR Disclosure aligns with compliance expectations; signature and representation language included.
The Form 144 includes the required statements representing absence of undisclosed material adverse information and notes potential reliance on a Rule 10b5-1 plan, though no plan date is provided. The filing identifies broker details and includes a recent related sale, supporting governance transparency. There is no indication of irregularity in timing or form based on the disclosed information, but the form lacks a named filer CIK/CCC in the visible fields.