Loews (L) CEO Benjamin J. Tisch awarded 10,690 performance-based RSUs
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.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 10,690 | $0.00 | -- |
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 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.