Form 4: Jonathan Locker receives 251 Loews shares as director grant

Rhea-AI Filing Summary

Loews Corporation director Jonathan C. Locker received a routine quarterly grant of 251 shares of common stock on 09/30/2025 under the Loews Corporation 2025 Incentive Compensation Plan. The reported transaction shows a price of $0 (reflecting a granted award rather than an open-market purchase) and leaves Locker with 23,468 shares beneficially owned on a direct basis. The Form 4 was signed by Thomas H. Watson by power of attorney on behalf of Mr. Locker.

Insights

Corporate Governance Expert

TL;DR: Routine director compensation award; standard disclosure of equity granted to a board member.

The filing documents a customary quarterly equity grant to a non-employee director under the company's 2025 Incentive Compensation Plan. The grant size (251 shares) and zero reported price are consistent with awards issued as part of director compensation rather than an open-market transaction. There is no indication of unusual timing, related-party transfers, or departure from established compensation practices in the disclosed information.

Securities Analyst

TL;DR: Non-material, routine Form 4 reporting of a director equity grant; minimal investor impact.

The report increases Mr. Locker's direct beneficial ownership to 23,468 shares following the grant. The transaction does not involve dispositions or derivative instruments and does not disclose cash consideration, reflecting a standard compensation issuance. From an investor-materiality standpoint, the size of the grant relative to company equity is not presented but is typically immaterial based on the values shown.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Locker Jonathan C

(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)
09/30/2025

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	09/30/2025		A		251	A(1)	$0	23,468	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 quarterly grant of common stock in respect of director compensation under the Loews Corporation 2025 Incentive Compensation Plan.

Remarks:

	/s/ Thomas H. Watson by power of attorney for Jonathan C. Locker	09/30/2025
	** 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 transaction did Jonathan C. Locker report on Form 4 for LOEWS CORP (L)?

The Form 4 reports a quarterly grant of 251 shares of common stock on 09/30/2025 under the Loews Corporation 2025 Incentive Compensation Plan.

How many shares does Jonathan C. Locker beneficially own after the reported transaction?

Following the grant, Mr. Locker beneficially owns 23,468 shares on a direct basis according to the Form 4.

Did the Form 4 report any cash paid for the shares by the reporting person?

The filing lists a price of $0, indicating the shares were granted as compensation rather than purchased for cash.

Was the Form 4 filed jointly or by one reporting person?

The form indicates it was filed by one reporting person (Jonathan C. Locker).

Who signed the Form 4 disclosure for Jonathan C. Locker?

The Form 4 was signed by Thomas H. Watson by power of attorney for Jonathan C. Locker on 09/30/2025.