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Loews Corp (NYSE: L) director emeritus discloses open-market stock sales and holdings

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Loews Corporation director emeritus reports stock sales and updated holdings. A reporting person related to Loews Corp (L) as a director emeritus disclosed two open‑market sales of common stock on 12/04/2025. The transactions covered 23,485 shares at a weighted average price of $104.62 and 6,515 shares at a weighted average price of $105.48, each representing multiple trades within narrow price ranges. After these sales, the filer reports indirect beneficial ownership of 12,959,642 shares held by trusts and direct ownership of 551,317 shares of Loews common stock.

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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 ANDREW H

(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
Officer (give title below) X Other (specify below)
DIRECTOR EMERITUS
3. Date of Earliest Transaction (Month/Day/Year)
12/04/2025
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 12/04/2025 S 23,485 D $104.62(1) 12,966,157 I By Trusts
Common Stock 12/04/2025 S 6,515 D $105.48(2) 12,959,642 I By Trusts
Common Stock 551,317 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
Explanation of Responses:
1. Represents the weighted average price of multiple transactions with a range of prices between $104.29 and $105.28. The Reporting Person, upon request by the Commission Staff, the Issuer or a security holder of the Issuer, undertakes to provide further information regarding the number of securities at each separate price sold.
2. Represents the weighted average price of multiple transactions with a range of prices between $105.29 and $105.87. The Reporting Person, upon request by the Commission Staff, the Issuer or a security holder of the Issuer, undertakes to provide further information regarding the number of securities at each separate price sold.
Remarks:
/s/ Thomas H. Watson, by power of attorney for Andrew H. Tisch 12/08/2025
** 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 Corp (L) disclose in this filing?

The filing reports that a director emeritus of Loews Corp (L) sold common stock in two separate open‑market transactions and updated total beneficial holdings.

How many Loews Corp (L) shares were sold in the reported transactions?

The insider sold 23,485 shares of Loews common stock in one transaction and 6,515 shares in a second transaction, both dated 12/04/2025.

At what prices were the Loews Corp (L) shares sold?

The 23,485 shares were sold at a weighted average price of $104.62 with trade prices between $104.29 and $105.28, and the 6,515 shares were sold at a weighted average price of $105.48 with trade prices between $105.29 and $105.87.

How many Loews Corp (L) shares does the insider report owning after the sales?

After the reported sales, the filer reports indirect beneficial ownership of 12,959,642 Loews common shares held by trusts and direct ownership of 551,317 shares.

What is the reporting person’s relationship to Loews Corp (L)?

The reporting person is identified as an "Other" relationship, specified as Director Emeritus of Loews Corp.

How are the insider’s Loews Corp (L) holdings structured?

The holdings are reported as both indirect ownership of shares held "By Trusts" and direct ownership of common stock in the insider’s own name.

Does the filing explain how the reported sale prices for Loews Corp (L) were calculated?

Yes. The filing states that each reported price is a weighted average for multiple trades within a disclosed price range and notes that trade‑level details are available upon request.
Loews

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