Loews Form 4: 251‑share director grant increases Ann Berman holdings

Rhea-AI Filing Summary

Loews Corporation director Ann E. Berman received a scheduled equity award as part of director compensation. The Form 4 reports a non‑derivative transaction in which 251 shares of Common Stock were acquired under the company's 2025 Incentive Compensation Plan at a reported price of $0, representing a grant rather than a market purchase. After the grant, Ms. Berman beneficially owns 6,686 shares in a direct ownership form. The filing identifies the transaction as a routine quarterly director compensation grant and is signed under power of attorney.

Positive

• 251 shares were granted under the Loews Corporation 2025 Incentive Compensation Plan as routine director compensation
• Beneficial ownership reported after the transaction is 6,686 shares (direct), providing transparent insider holdings disclosure

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine director equity grant of 251 shares; small, non‑market transaction with limited market impact.

The filing documents a non‑derivative acquisition of 251 common shares issued as part of director compensation under the 2025 Incentive Compensation Plan. The shares were issued at a $0 reported price, indicating a grant rather than an open‑market purchase. Post‑transaction direct beneficial ownership is 6,686 shares. For investors, this is a standard compensation record and does not by itself change the company's capital structure materially.

Corporate Governance Expert

TL;DR: Standard quarterly director award consistent with board compensation practices; disclosure complies with Section 16 reporting.

The Form 4 discloses a scheduled compensation grant to a director under the 2025 Incentive Compensation Plan. The report notes direct ownership and provides an explanation that the grant represents routine director compensation. The submission was executed by power of attorney, and the disclosure format aligns with Section 16 requirements for timely reporting of insider changes in beneficial ownership.

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^*

BERMAN ANN E

(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	6,686	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 Ann E. Berman	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 Ann E. Berman report on the Form 4 for Loews (L)?

The Form 4 reports an acquisition of 251 common shares as a director compensation grant under the 2025 Incentive Compensation Plan.

Was the 251‑share transaction a market purchase or a grant?

The transaction was reported at a price of $0, indicating the shares were issued as a grant rather than purchased on the open market.

How many Loews shares does Ann E. Berman beneficially own after the transaction?

After the reported transaction, Ms. Berman beneficially owns 6,686 shares in direct form.

Under which plan were the shares issued?

The shares were granted under the Loews Corporation 2025 Incentive Compensation Plan as a quarterly director compensation award.

Who signed the Form 4 for Ann E. Berman?

The Form 4 was signed by power of attorney by Thomas H. Watson on behalf of Ann E. Berman.