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Loews (L) CEO Benjamin J. Tisch awarded 10,690 performance-based RSUs

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Loews Corporation President and CEO Benjamin J. Tisch reported an acquisition of derivative equity compensation. On February 9, 2026, he became entitled to 10,690 Restricted Stock Units (RSUs), each representing a right to receive one share of Loews common stock.

The RSUs were originally awarded on February 17, 2025, subject to Loews achieving a 2025 performance-based income metric. The compensation committee determined this metric was achieved on February 9, 2026. Half of the RSUs vest on February 17, 2027, and the remaining half on February 17, 2028, with shares delivered within 30 days after each vesting date.

Positive

  • None.

Negative

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Insider Tisch Benjamin J
Role PRES. & CHIEF EXEC. OFFICER
Type Security Shares Price Value
Grant/Award Restricted Stock Units 10,690 $0.00 --
Holdings After Transaction: Restricted Stock Units — 10,690 shares (Direct)
Footnotes (1)
  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.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Tisch Benjamin J

(Last) (First) (Middle)
C/O LOEWS CORPORATION
9 WEST 57TH STREET

(Street)
NEW YORK NY 10019

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LOEWS CORP [ L ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
PRES. & CHIEF EXEC. OFFICER
3. Date of Earliest Transaction (Month/Day/Year)
02/09/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 02/09/2026 A 10,690 (2) (2) Common Stock 10,690 $0 10,690 D
Explanation of Responses:
1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
2. 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.
Remarks:
/s/ Thomas H. Watson, by power of attorney for Benjamin J. Tisch 02/11/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Loews (L) report for Benjamin J. Tisch?

Loews reported that President and CEO Benjamin J. Tisch acquired 10,690 Restricted Stock Units (RSUs) as equity compensation. These RSUs give him a contingent right to receive the same number of Loews common shares, subject to future vesting dates and previously set performance conditions.

When were Benjamin J. Tisch’s Loews RSUs tied to performance awarded and earned?

The RSUs were awarded on February 17, 2025, contingent on Loews achieving a 2025 performance-based income metric. The compensation committee later determined the metric was achieved on February 9, 2026, which triggered the recognition of the 10,690 RSUs reported in this filing.

How many Loews (L) Restricted Stock Units did Benjamin J. Tisch receive?

Benjamin J. Tisch received 10,690 Restricted Stock Units as reported in the filing. Each RSU represents a contingent right to receive one share of Loews common stock, so the grant corresponds to up to 10,690 shares, subject to vesting conditions.

What are the vesting dates for Benjamin J. Tisch’s Loews RSU grant?

The 10,690 RSUs vest in two equal installments. 50% vest on February 17, 2027, and the remaining 50% vest on February 17, 2028. Shares of Loews common stock will be delivered within 30 days after each vesting date.

Does Benjamin J. Tisch hold his Loews RSUs directly or indirectly?

The filing shows Benjamin J. Tisch’s 10,690 RSUs as direct ownership. The ownership code listed is “D,” and no indirect ownership entity or special nature of indirect beneficial ownership is disclosed in the provided transaction data.

What role does performance play in Benjamin J. Tisch’s Loews RSU grant?

The RSUs were subject to Loews achieving a performance-based income (PBI) metric for 2025. The compensation committee confirmed this metric was met on February 9, 2026, which allowed the 10,690 RSUs to be recognized under the terms of the award.