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Loews (L) insider Andrew H. Tisch discloses December stock sales via trusts

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

Rhea-AI Filing Summary

Loews Corporation director emeritus Andrew H. Tisch reported several sales of the company’s common stock held indirectly through trusts. On December 1, 2025, trusts sold 24,009 shares at a weighted average price of $106.61 and 15,991 shares at a weighted average price of $107.71. On December 3, 2025, the trusts sold an additional 10,000 shares and 20,000 shares at a weighted average price of $105.57. After these transactions, the filing shows 12,989,642 shares of Loews common stock beneficially owned indirectly by trusts and 551,317 shares held directly.

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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)
12/01/2025
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 S 24,009 D $106.61(1) 13,035,633 I By Trusts
Common Stock 12/01/2025 S 15,991 D $107.71(2) 13,019,642 I By Trusts
Common Stock 12/03/2025 S 10,000 D $105.57(3) 13,009,642 I By Trusts
Common Stock 12/03/2025 S 20,000 D $105.57(3) 12,989,642 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 $106.31 and $107.28. 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 $107.50 and $108.36. 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 $105.04 and $106.02. 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 12/03/2025
** 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 activity did Loews Corp (L) report for Andrew H. Tisch?

The filing reports that Andrew H. Tisch, a director emeritus of Loews Corp, disclosed multiple sales of Loews common stock, primarily through trusts that hold the shares indirectly for him.

How many Loews (L) shares did Andrew H. Tisch’s trusts sell?

The trusts sold 24,009 shares and 15,991 shares on December 1, 2025, and 10,000 shares and 20,000 shares on December 3, 2025, as reported in the Form 4.

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

The filing discloses weighted average sale prices of $106.61 and $107.71 on December 1, 2025, and $105.57 for both transactions on December 3, 2025, each reflecting multiple trades within stated price ranges.

How many Loews (L) shares does Andrew H. Tisch still beneficially own after the sales?

After the reported transactions, the Form 4 shows 12,989,642 Loews common shares beneficially owned indirectly through trusts and 551,317 shares held directly.

What is Andrew H. Tisch’s relationship to Loews Corp (L)?

The report identifies Andrew H. Tisch as having the relationship of director emeritus to Loews Corp, and the transactions are reported as insider activity under Section 16 rules.

Were the Loews (L) sales made under a Rule 10b5-1 trading plan?

The form includes a checkbox to indicate if trades were made under a Rule 10b5-1 plan, but the excerpt only shows the presence of that option and does not specify a checked status.

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