Loews director exercises 2,250 SARs, sells shares around $107.9

Loews Corporation director Form 4 insider activity shows multiple transactions in the company’s common stock on 12/01/2025.

Accepted by SEC EDGAR 12/02/2025 - 04:31 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Loews Corporation director Form 4 insider activity shows multiple transactions in the company’s common stock on 12/01/2025. The reporting person exercised a stock appreciation right, acquiring 2,250 shares of Loews common stock at an exercise price of $38.67 per share, increasing directly held shares before subsequent sales.

On the same date, the director disposed of 808 shares at $107.87 per share and separately sold 1,442 shares of common stock at a weighted average price of $107.93, based on multiple trades between $107.92 and $107.99. After these transactions, the director directly beneficially owned 21,594 shares of Loews common stock. The filing notes that the transactions were carried out under a Rule 10b5-1 trading plan adopted on September 3, 2024.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 4 txns

Insider DIKER CHARLES M

Role Director

Sold 1,442 shs ($156K)

Approx. gross sale proceeds $156K

Approx. exercise cost $87K

Share of Position Sold 6.3%

Type	Security	Shares	Price	Value
Exercise	Stock Appreciation Right	2,250	$0.00	$0.00
Exercise	Common Stock	2,250	$38.67	$87K
Disposition	Common Stock	808	$107.87	$87K
Sale	Common Stock	1,442	$107.93	$156K

Holdings After Transaction: Stock Appreciation Right — 0 contracts (Direct); Common Stock — 21,594 shares (Direct)

Holdings Before and After: Stock Appreciation Right, 2,250 to 0 contracts (Direct); Common Stock, 21,594 to 21,594 shares (Direct)

Other Insiders: 3 other insiders reported open-market sales of this stock in the 30 days up to this filing.

Footnotes (3)

1. F1. The transactions reported in this Form 4 were pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 3, 2024.
2. F2. Represents the weighted average price of multiple transactions with a range of prices between $107.92 and $107.99. 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.
3. F3. The Reporting Person received the Derivative Security pursuant to a stock appreciation right grant at no cost.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Loews Corp (L) report on this Form 4?

The Form 4 reports that a Loews Corp director exercised a stock appreciation right for 2,250 shares of common stock and sold portions of those shares on 12/01/2025.

How many Loews Corp (L) shares did the director sell and at what prices?

On 12/01/2025, the director sold 808 shares at $107.87 per share and 1,442 shares at a weighted average price of $107.93, based on trades between $107.92 and $107.99.

How many Loews Corp (L) shares does the director own after these transactions?

Following the reported transactions on 12/01/2025, the director directly beneficially owned 21,594 shares of Loews Corp common stock.

What derivative security did the Loews Corp (L) director exercise?

The director exercised a stock appreciation right with an exercise price of $38.67 per share, converting into 2,250 shares of Loews common stock and leaving 0 derivative securities of this grant outstanding.

Was the Loews Corp (L) insider trading under a Rule 10b5-1 plan?

Yes. The filing states that the transactions were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 3, 2024.

What does the weighted average price disclosure mean for Loews Corp (L) insider sales?

The $107.93 weighted average price reflects multiple sales between $107.92 and $107.99; the director undertakes to provide details on the number of shares sold at each price upon request.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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).

X

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^*

DIKER CHARLES M

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/01/2025

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	12/01/2025		M(1)		2,250	A	$38.67	23,844	D
Common Stock	12/01/2025		D(1)		808	D	$107.87	23,036	D
Common Stock	12/01/2025		S(1)		1,442	D	$107.93(2)	21,594	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
Stock Appreciation Right	$38.67	12/01/2025		M(1)			2,250	12/31/2015	12/31/2025	Common Stock	2,250	$0(3)	0	D

Explanation of Responses:

1. The transactions reported in this Form 4 were pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 3, 2024.

2. Represents the weighted average price of multiple transactions with a range of prices between $107.92 and $107.99. 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.

3. The Reporting Person received the Derivative Security pursuant to a stock appreciation right grant at no cost.

Remarks:

	/s/ Thomas H. Watson by power of attorney for Charles M. Diker	12/02/2025
	** 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.