Loews Insider Files Form 144 for 1,422 Shares; Prior June Sale Noted
Rhea-AI Filing Summary
Loews Corporation (L) Form 144 notifies of a proposed sale of 1,422 common shares through Fidelity Brokerage Services on the NYSE with an aggregate market value of $137,500.29. The filing reports 207,426,395 shares outstanding for the issuer and lists the securities to be sold as acquired on 09/02/2025 via a stock appreciation right (SAR) from the issuer, with payment characterized as compensation. The notice also discloses a prior sale by the same person of 1,273 common shares on 06/02/2025 for gross proceeds of $113,061.50. The filer represents they are unaware of any undisclosed material adverse information and includes broker details for the proposed transaction.
Positive
- Full disclosure of proposed sale including broker name, share count (1,422), and aggregate value ($137,500.29)
- Acquisition method stated (SAR) and payment characterized as compensation, providing clarity on origin of shares
- Prior sale disclosed (1,273 shares on 06/02/2025 for $113,061.50), aiding aggregation transparency
Negative
- None.
Insights
TL;DR Small insider sale disclosed: 1,422 shares proposed for sale via Fidelity; prior June sale also noted.
The Form 144 provides a routine disclosure of an insider's proposed disposition of Loews common stock. The transaction is to be executed through a broker on the NYSE and shows acquisition of the securities through a SAR on the same date listed for the proposed sale. The filing quantifies the proposed sale (1,422 shares; $137,500.29 aggregate value) and a recent completed sale of 1,273 shares for $113,061.50. Given the issuer's reported 207,426,395 shares outstanding, the proposed sale represents a de minimis fraction of outstanding equity. The disclosure meets Rule 144 notice requirements and signals no material corporate event disclosed within this filing.
TL;DR Filing is a standard Rule 144 notice with broker and acquisition method details; includes required signature representation.
This Form 144 includes required elements: identity of broker, number of shares, aggregate market value, method of acquisition (SAR), and a representation about material nonpublic information. It also lists a recent sale by the same person, which is relevant for aggregation rules. There is no indication in this filing of any trading plan adoption date or other governance actions. The disclosure aligns with compliance expectations for insider sales under Rule 144.