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Loews (L) GC Marc A. Alpert details RSU vesting and tax share withholding

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

Rhea-AI Filing Summary

Loews Corporation senior executive Marc A. Alpert reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. On February 5 and 6, 2026, RSUs granted in 2023 and 2024 vested and converted into a total of 5,475 and 6,607 shares of common stock, respectively, at an exercise price of $0 per share.

On each vesting date, Loews withheld 2,239 shares at $109.43 per share and 3,112 shares at $110.89 per share to cover Alpert’s tax obligations, so those shares were not issued to him. After these transactions, he directly owned 19,820 shares of Loews common stock and 5,476 RSUs, each RSU representing a contingent right to receive one share of common stock.

Positive

  • None.

Negative

  • None.
Insider Alpert Marc A
Role Sr. VP, Gen. Coun. & Secy.
Type Security Shares Price Value
Exercise Restricted Stock Units 6,607 $0.00 --
Exercise Common Stock 6,607 $0.00 --
Tax Withholding Common Stock 3,112 $110.89 $345K
Exercise Restricted Stock Units 5,475 $0.00 --
Exercise Common Stock 5,475 $0.00 --
Tax Withholding Common Stock 2,239 $109.43 $245K
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 22,932 shares (Direct)
Footnotes (1)
  1. Represents the conversion upon vesting of restricted stock units ("RSUs") into common stock. On February 5, 2024, the Reporting Person was awarded 10,951 RSUs ("2024 RSUs"), subject to the Issuer achieving a pre-determined level of performance based income ("PBI Metric") for 2024. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 10, 2025 and the 2024 RSUs were then reported on a Form 4 filed with the Securities and Exchange Commission (the "SEC"). 50% of these RSUs vested on February 5, 2026. The remaining 2024 RSUs vest on February 5, 2027. The Reporting Person is reporting the withholding by the Issuer of shares of common stock that vested in respect of the 2024 RSUs on February 5, 2026 but were not issued in order to satisfy the Reporting Person's tax withholding obligations in connection therewith. Represents the conversion upon vesting of RSUs into common stock. On February 6, 2023, the Reporting Person was awarded 13,213 RSUs ("2023 RSUs"), subject to the Issuer achieving a PBI metric for 2023. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 5, 2024 and the 2023 RSUs were then reported on a Form 4 filed with the SEC. 50% of these RSUs vested on February 6, 2025. The remaining 2023 RSUs vested on February 6, 2026. The Reporting Person is reporting the withholding by the Issuer of shares of common stock that vested in respect of the 2023 RSUs on February 6, 2026 but were not issued in order to satisfy the Reporting Person's tax withholding obligations in connection therewith. Each RSU represents a contingent right to receive one share of the Issuer's common stock.
Form 4 Insider Transactions: What Each Field Means →
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*
Alpert Marc A
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Sr. VP, Gen. Coun. & Secy.
3. Date of Earliest Transaction (Month/Day/Year)
02/05/2026
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
Common Stock 02/05/2026 M 5,475 A(1) $0 18,564 D
Common Stock 02/05/2026 F 2,239 D(2) $109.43 16,325 D
Common Stock 02/06/2026 M 6,607 A(3) $0 22,932 D
Common Stock 02/06/2026 F 3,112 D(4) $110.89 19,820 D
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 (5) 02/05/2026 M 5,475 (1) (1) Common Stock 5,475 $0 5,476 D
Restricted Stock Units (5) 02/06/2026 M 6,607 (3) (3) Common Stock 6,607 $0 0 D
Explanation of Responses:
1. Represents the conversion upon vesting of restricted stock units ("RSUs") into common stock. On February 5, 2024, the Reporting Person was awarded 10,951 RSUs ("2024 RSUs"), subject to the Issuer achieving a pre-determined level of performance based income ("PBI Metric") for 2024. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 10, 2025 and the 2024 RSUs were then reported on a Form 4 filed with the Securities and Exchange Commission (the "SEC"). 50% of these RSUs vested on February 5, 2026. The remaining 2024 RSUs vest on February 5, 2027.
2. The Reporting Person is reporting the withholding by the Issuer of shares of common stock that vested in respect of the 2024 RSUs on February 5, 2026 but were not issued in order to satisfy the Reporting Person's tax withholding obligations in connection therewith.
3. Represents the conversion upon vesting of RSUs into common stock. On February 6, 2023, the Reporting Person was awarded 13,213 RSUs ("2023 RSUs"), subject to the Issuer achieving a PBI metric for 2023. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 5, 2024 and the 2023 RSUs were then reported on a Form 4 filed with the SEC. 50% of these RSUs vested on February 6, 2025. The remaining 2023 RSUs vested on February 6, 2026.
4. The Reporting Person is reporting the withholding by the Issuer of shares of common stock that vested in respect of the 2023 RSUs on February 6, 2026 but were not issued in order to satisfy the Reporting Person's tax withholding obligations in connection therewith.
5. Each RSU represents a contingent right to receive one share of the Issuer's common stock.
Remarks:
/s/ Thomas H. Watson by power of attorney for Marc A. Alpert 02/06/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Loews (L) executive Marc A. Alpert report?

Marc A. Alpert reported vesting of restricted stock units converting into Loews common stock, plus share withholding for taxes. RSUs granted in 2023 and 2024 vested in February 2026, generating new shares while some were retained by Loews to satisfy tax obligations.

How many Loews (L) shares did Marc A. Alpert acquire from RSU vesting?

Alpert acquired 5,475 Loews common shares from 2024 RSUs on February 5, 2026 and 6,607 shares from 2023 RSUs on February 6, 2026. Both conversions occurred at an exercise price of $0 per share as part of his equity compensation.

Why were some Loews (L) shares withheld in Marc A. Alpert’s Form 4 filing?

Loews withheld shares that vested under Alpert’s RSUs to cover his tax withholding obligations. Specifically, 2,239 shares at $109.43 and 3,112 shares at $110.89 were not issued to him, reflecting standard share‑withholding tax treatment on equity awards.

What is Marc A. Alpert’s Loews (L) share ownership after these transactions?

Following the reported February 2026 transactions, Alpert directly owned 19,820 shares of Loews common stock. He also held 5,476 restricted stock units, each representing a contingent right to receive one additional share of Loews common stock in the future.

What are the key terms of Marc A. Alpert’s Loews (L) RSU awards?

Alpert’s 2023 and 2024 RSU awards were subject to a performance based income metric determined by Loews’ Compensation Committee. Once the metric was achieved, RSUs vested in two installments, with remaining 2024 RSUs scheduled to vest on February 5, 2027.

What role does Marc A. Alpert hold at Loews (L)?

Marc A. Alpert serves as Senior Vice President, General Counsel and Secretary of Loews Corporation. The Form 4 filing reflects equity compensation activity related to his executive role, including RSU vesting and associated tax share withholding.