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Tisch Jonathan M's Form 4 filing

Loews Corp (L) · filed Jan 4, 2023

Accession no.
0000060086-23-000004
Filed
Jan 4, 2023
Trade date
Jan 3, 2023
Filing delay
1 day
Rule 10b5-1 plan
Not on the form (before 2023)

This filing lists 6 non-derivative transactions and 4 derivative transactions. Open-market sales total $844.9K. It was filed 1 day after the trade.

Reporting owners

A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.

Reporting owners on this filing
OwnerRelationship to the company
Tisch Jonathan MCIK 0001009306Director, Officer (Co-Ch. of Bd/Off. of the Pres.)

Non-derivative securities (Table I)

Acquisitions and disposals of common stock and similar shares, one row per line on the filing.

Non-derivative transactions
Trade dateSecurityTransactionSharesPriceValueShares afterOwnershipFlags
Jan 3, 2023Common StockMOption exerciseAcquired+15,000$41.93+$628,95015,000Direct
Jan 3, 2023Common StockMOption exerciseAcquired+15,000$43.89+$658,35030,000Direct
Jan 3, 2023Common StockMOption exerciseAcquired+15,000$44.44+$666,60045,000Direct
Jan 3, 2023Common StockMOption exerciseAcquired+15,000$46.99+$704,85060,000Direct
Jan 3, 2023Common StockDReturned to the companyDisposed−45,533$58.39−$2,658,671.8714,467Direct
Jan 3, 2023Common StockSSaleDisposed−14,467$58.40F1−$844,872.80Direct

Derivative securities (Table II)

Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.

Derivative transactions
Trade dateSecurityTransactionUnderlying sharesUnit priceValueHeld afterOwnershipFlags
Jan 3, 2023Common StockMOption exerciseDisposed−15,000$0.00F3$00Direct
Jan 3, 2023Common StockMOption exerciseDisposed−15,000$0.00F3$00Direct
Jan 3, 2023Common StockMOption exerciseDisposed−15,000$0.00F3$00Direct
Jan 3, 2023Common StockMOption exerciseDisposed−15,000$0.00F3$00Direct

Footnotes and remarks

Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.

F1

Represents the weighted average price of multiple transactions with a range of prices between $58.12 and $59.04. 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.

Referenced by the price of 1 transaction in Table I.

F3

The Reporting Person received the Derivative Security pursuant to a stock appreciation right grant at no cost.

Referenced by the price of 4 transactions in Table II.

Read the full filing on SEC EDGAR (opens in a new tab)