Loews (L) director receives stock grant and 1,288 RSUs in shares

Rhea-AI Filing Summary

Loews Corporation director equity activity: A company director reported two equity-related transactions in Loews common stock. On 12/31/2025, the director received 234 shares of common stock at a reported price of $0, described as a quarterly grant under the Loews Corporation 2025 Incentive Compensation Plan. On 01/01/2026, 1,288 restricted stock units (RSUs) that had vested earlier were converted into an equal number of common shares at a reported price of $0, following the director’s prior election to defer delivery until that date. After these transactions, the director beneficially owned 24,990 shares of Loews common stock, held directly.

Insider Trade Summary

1,288 shares exercised/converted

Mixed 3 txns

Insider Locker Jonathan C

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	1,288	$0.00	--
Exercise	Common Stock	1,288	$0.00	--
Grant/Award	Common Stock	234	$0.00	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 24,990 shares (Direct)

Footnotes (1)

1. Represents quarterly grant of common stock in respect of director compensation under the Loews Corporation 2025 Incentive Compensation Plan. Represents the conversion into common stock of vested restricted stock units ("RSUs"). As previously reported on Table II of a Form 4 filed in connection therewith, on May 14, 2024, the Reporting Person was granted 1,288 RSUs, which vested on May 14, 2025. The Reporting Person elected to defer delivery of the shares of the Issuer's common stock underlying the 2024 RSUs until January 1, 2026. Each RSU represents a contingent right to receive one share of the Issuer's common stock.

Form 4 Insider Transactions: What Each Field Means →

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
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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).

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^*

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)
12/31/2025

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	12/31/2025		A		234	A(1)	$0	23,702	D
Common Stock	01/01/2026		M		1,288	A(2)	$0	24,990	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
Restricted Stock Units	(2)	01/01/2026		M			1,288	(3)	(3)	Common Stock	1,288	$0	0	D

Explanation of Responses:

1. Represents quarterly grant of common stock in respect of director compensation under the Loews Corporation 2025 Incentive Compensation Plan.

2. Represents the conversion into common stock of vested restricted stock units ("RSUs"). As previously reported on Table II of a Form 4 filed in connection therewith, on May 14, 2024, the Reporting Person was granted 1,288 RSUs, which vested on May 14, 2025. The Reporting Person elected to defer delivery of the shares of the Issuer's common stock underlying the 2024 RSUs until January 1, 2026.

3. Each RSU represents a contingent right to receive one share of the Issuer's common stock.

Remarks:

	/s/ Thomas H. Watson by power of attorney for Jonathan C. Locker	01/05/2026
	** 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 were reported for Loews (L) in this filing?

A Loews Corporation director reported receiving 234 shares of common stock on 12/31/2025 as a quarterly grant and the conversion of 1,288 RSUs into common stock on 01/01/2026, both at a reported price of $0 per share.

How many Loews (L) shares does the director own after these transactions?

Following the reported stock grant and RSU conversion, the director beneficially owned 24,990 shares of Loews Corporation common stock, held directly.

What is the source of the 234-share grant reported for Loews (L)?

The 234-share grant of Loews common stock on 12/31/2025 represents a quarterly grant in respect of director compensation under the Loews Corporation 2025 Incentive Compensation Plan.

What are the 1,288 restricted stock units (RSUs) related to Loews (L)?

The 1,288 RSUs were granted on May 14, 2024, vested on May 14, 2025, and each RSU represents a contingent right to receive one share of Loews common stock. The director elected to defer delivery of the underlying shares until 01/01/2026, when they were converted into common stock.

Did the director pay cash for the reported Loews (L) shares?

The reported price for both the 234-share quarterly stock grant and the 1,288-share RSU conversion is listed as $0 per share, indicating these shares were received as compensation and settlement of RSUs rather than purchased for cash.