Loews (L) SVP Kenneth Siegel awarded 9,502 performance-based RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SIEGEL KENNETH I reported acquisition or exercise transactions in this Form 4 filing.
Loews Corporation Senior Vice President Kenneth I. Siegel reported an award of 9,502 restricted stock units on February 9, 2026. These RSUs were tied to achieving a 2025 performance-based income metric and will vest in two equal installments in 2027 and 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SIEGEL KENNETH I
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 9,502 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 9,502 shares (Direct)
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. The RSUs were awarded to the Reporting Person on February 17, 2025 subject to the Issuer achieving a pre-determined level of performance based income ("PBI Metric") for 2025. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 9, 2026. 50% of the RSUs vest on February 17, 2027 and the remaining 50% vest on February 17, 2028. Shares of the Issuer's common stock will be delivered to the Reporting Person within 30 days after vesting, subject to any election to defer delivery of shares by the Reporting Person.
FAQ
What insider transaction did Loews (L) report for Kenneth I. Siegel?
Loews reported that Senior Vice President Kenneth I. Siegel acquired 9,502 restricted stock units. The award reflects performance achieved for 2025 and is recorded as a derivative security grant with a price per unit of $0 and direct beneficial ownership of 9,502 RSUs following the transaction.
When do Kenneth I. Siegel’s Loews (L) RSUs vest?
Kenneth I. Siegel’s 9,502 restricted stock units vest in two stages. Half of the RSUs vest on February 17, 2027, and the remaining half vest on February 17, 2028, subject to the original award’s terms and continued satisfaction of applicable conditions through those vesting dates.
What performance condition triggered Kenneth I. Siegel’s RSU award at Loews (L)?
The RSUs were subject to Loews achieving a pre-determined performance based income metric for 2025. The Compensation Committee determined the company achieved this PBI Metric on February 9, 2026, which confirmed the 9,502 restricted stock unit award for Kenneth I. Siegel under the previously granted performance terms.
When was Kenneth I. Siegel’s RSU award at Loews (L) originally granted?
The restricted stock units were originally awarded on February 17, 2025. Their effectiveness depended on Loews meeting a 2025 performance based income metric. Once the Compensation Committee confirmed that metric was achieved on February 9, 2026, the 9,502 RSU grant was recognized and reported.
What is Kenneth I. Siegel’s ownership type for these Loews (L) RSUs?
The filing classifies Kenneth I. Siegel’s ownership of the 9,502 restricted stock units as direct. After the reported grant, he beneficially owns 9,502 derivative securities, all held directly, with no indicated indirect ownership entity or shared voting or investment authority in this transaction.