Other Information
−Removed: Items 5 (a) and (b) are inapplicable.
−Removed: (c) TRADING PLANS
−Removed: On February 22, 2024 , Jonathan M.
−Removed: Tisch , Co-Chairman of the Board and a member of the Office of the President, and Executive Chairman of Loews Hotels & Co, adopted a trading plan with respect to:
−Removed: (i) the exercise of expiring stock appreciation rights (“SARs”) granted to him as executive compensation in 2015;
−Removed: and (ii) the sale of the net shares of common stock received upon the vesting of performance-based restricted stock awards (“RSUs”) granted to him as executive compensation in 2022 and 2023 that are scheduled to vest in February 2025.
−Removed: The plan is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act.
−Removed: With respect to the expiring SARs, pursuant to the plan, if the market price of the Company’s common stock exceeds the exercise price for the applicable SARs by a specified amount during the trading window, the applicable SARs will be exercised and the net shares received by Mr.
−Removed: Jonathan Tisch from such exercise will be sold at market prices.
−Removed: 60,000 of Mr.
−Removed: Jonathan Tisch’s SARs expire on January 9, 2025.
−Removed: The trading window under the plan for such SARs begins on January 2, 2025 and ends on the expiration date.
−Removed: With respect to the vesting RSUs, pursuant to the plan, the net shares received upon vesting of the RSUs will be sold at market prices.
−Removed: Jonathan Tisch’s RSUs are scheduled to vest on February 6, 2025 and 8,224 of Mr.
−Removed: Jonathan Tisch’s RSUs are scheduled to vest on February 7, 2025.
−Removed: The trading window under the plan for such RSUs begins on the applicable vesting date and ends on February 28, 2025.
Description of Exhibit Exhibit
15 unchanged sentences
LOEWS CORPORATION
+Added: July 29, 2024
Senior Vice President and
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.