February 5, 2024 · Form 4 insider transaction
Tisch Benjamin J bought 11,561 shares of Loews Corporation at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 1 day after the transaction.
Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.; The RSUs were awarded to the Reporting Person on February 6, 2023 subject to the Issuer achieving a pre-determined target level of performance-based income ("PBI Metric") for 2023. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 5, 2024. 50% of the RSUs vest on February 6, 2025 and the remaining 50% vest on February 6, 2026. Shares of the Issuer's common stock will be delivered to the Reporting Person within 30 days after vesting, subject to any election to defer delivery of shares by the Reporting Person.