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Loews (L) director emeritus sells 100K shares through affiliated trusts

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

Rhea-AI Filing Summary

Loews Corp director emeritus Andrew H. Tisch reported insider sales of company stock held in trusts. On March 11–12, 2026, trusts associated with him sold a total of 100,000 shares of Loews common stock in open-market transactions at prices around $108–$109 per share, based on weighted-average prices over disclosed trading ranges.

After these sales, the filing shows indirect ownership of 12,430,400 shares held by trusts and direct ownership of 830,559 shares of Loews common stock. This indicates that, despite the transactions, a very large equity position in Loews remains associated with Tisch.

Positive

  • None.

Negative

  • None.
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)
03/11/2026
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 03/11/2026 S 50,000 D $108.81(1) 12,480,400 I By Trusts
Common Stock 03/12/2026 S 24,801 D $108.67(2) 12,455,599 I By Trusts
Common Stock 03/12/2026 S 199 D $109.44(3) 12,455,400 I By Trusts
Common Stock 03/12/2026 S 24,801 D $108.67(2) 12,430,599 I By Trusts
Common Stock 03/12/2026 S 199 D $109.44(3) 12,430,400 I By Trusts
Common Stock 830,559 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 $108.53 and $109.30. 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 $108.39 and $109.38. 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. Represents the weighted average price of multiple transactions with a range of prices between $109.40 and $109.48. 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 03/13/2026
** 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.

FAQ

What insider transactions did Andrew H. Tisch report in Loews Corp (L)?

Andrew H. Tisch reported open-market sales totaling 100,000 Loews common shares on March 11–12, 2026. The transactions were executed indirectly through trusts at weighted-average prices in the $108–$109 range per share, according to the Form 4 filing.

At what prices were the Loews (L) shares sold by the trusts related to Andrew H. Tisch?

The trusts sold Loews shares at weighted-average prices around $108–$109 per share. Footnotes state price ranges between $108.39 and $109.48, reflecting multiple trades whose detailed breakdown is available upon request from the reporting person.

How many Loews Corp (L) shares does Andrew H. Tisch still hold after these sales?

After the reported sales, the filing shows 12,430,400 Loews shares held indirectly by trusts and 830,559 shares held directly. These figures indicate a substantial continuing ownership stake in Loews associated with Andrew H. Tisch following the March 2026 transactions.

Were Andrew H. Tisch’s Loews (L) share sales direct or through an entity?

The reported Loews share sales were indirect transactions through trusts, as indicated by the ownership code and the “By Trusts” description. The Form 4 attributes these open-market sales to trust holdings rather than to direct personal accounts of Andrew H. Tisch.

How many Loews (L) insider sales and holdings entries are in this Form 4?

The Form 4 shows five insider sale transactions involving Loews common stock, all categorized as open-market sales. It also includes one holding entry that discloses 830,559 shares of Loews common stock held directly by Andrew H. Tisch.
Loews

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