[Form 4] LOEWS CORP Insider Trading Activity

Rhea-AI Filing Summary

James S. Tisch, a director of Loews Corporation (ticker L), received a quarterly director grant of 251 shares of Common Stock on 09/30/2025 under the Loews Corporation 2025 Incentive Compensation Plan. The reported transaction price is $0, indicating these shares were granted as compensation. Following the grant, Mr. Tisch is shown as beneficially owning 2,872,829 shares directly, with 9,834,259 shares indirectly held by trusts and 3,005,037 shares indirectly held by spouse. The Form 4 was signed by Thomas H. Watson by power of attorney for James S. Tisch on 09/30/2025.

Positive

• Director equity alignment: 251 shares granted as compensation aligns director interests with shareholders
• Transparent ownership disclosure: Filing details direct ownership (2,872,829) and indirect holdings by trusts (9,834,259) and spouse (3,005,037)

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: A routine director equity grant was recorded, increasing direct holdings slightly and reflecting standard compensation practice.

The Form 4 discloses a quarterly director compensation grant of 251 shares at a reported price of $0, which is consistent with equity awards issued as compensation rather than open-market purchases. The filing clarifies beneficial ownership structure: direct ownership plus substantial indirect holdings via trusts and spouse. This disclosure supports transparency on insider holdings and aligns director incentives with shareholder interests. No departures, option exercises, or disposals are reported.

Securities Analyst

TL;DR: Small non-cash equity grant; ownership totals reported but no market transactions or material changes to control.

The reported transaction is a non-derivative acquisition of 251 shares as director compensation, priced at $0, and does not reflect a cash purchase or sale. Aggregate holdings are substantial across direct and indirect accounts, but the incremental change from 251 shares is immaterial relative to the total beneficial ownership disclosed. The filing contains no information about option grants, exercises, or sale activity that would affect liquidity or voting control.

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^*

TISCH JAMES S

(Last) (First) (Middle)

C/O LOEWS CORPORATION

9 W 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	2,872,829	D
Common Stock								9,834,259	I	By Trusts
Common Stock								3,005,037	I	By Spouse

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 James S. Tisch	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 did James S. Tisch report on the Form 4 for Loews Corporation (L)?

The Form 4 reports a non-cash grant of 251 shares of Loews common stock on 09/30/2025 as director compensation under the 2025 Incentive Compensation Plan.

What is the reported price for the shares acquired by James S. Tisch?

The transaction is reported at a price of $0, indicating the shares were granted as compensation rather than purchased.

How many Loews shares does James S. Tisch beneficially own after the reported transaction?

Following the reported grant, the filing shows 2,872,829 shares directly beneficially owned, plus 9,834,259 indirectly by trusts and 3,005,037 indirectly by spouse.

Who signed the Form 4 on behalf of James S. Tisch?

The Form 4 was signed by Thomas H. Watson by power of attorney for James S. Tisch on 09/30/2025.

Was this Form 4 a purchase, sale, or grant?

This entry is a reported acquisition (grant) of common stock for director compensation; no market purchase or sale is shown.