=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2025-12-31
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: LOEWS CORP (L)
CIK: 0000060086
--- Reporting Owner ---
Name: Locker Jonathan C
CIK: 0001993776
Role: Director
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2025-12-31 | Code: A (Grant or award)
Shares: +234 | Price: $0.00
Shares Owned After: 23,702 | Ownership: D (Direct)
Footnotes:
[F1] Represents quarterly grant of common stock in respect of director compensation under the Loews Corporation 2025 Incentive Compensation Plan.
[Transaction #2]
Security: Common Stock
Date: 2026-01-01 | Code: M (Exercise of derivative)
Shares: +1,288 | Price: $0.00
Shares Owned After: 24,990 | Ownership: D (Direct)
Footnotes:
[F2] 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.
--- Derivative Transactions ---
[Transaction #1]
Security: Restricted Stock Units
Date: 2026-01-01 | Code: M (Exercise of derivative)
Shares: -1,288 | Price: $0.00
Shares Owned After: 0 | Ownership: D (Direct)
Footnotes:
[F2] 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.
[F3] Each RSU represents a contingent right to receive one share of the Issuer's common stock.
[F3] Each RSU represents a contingent right to receive one share of the Issuer's common stock.
--- Footnotes (Complete Index) ---
F1: Represents quarterly grant of common stock in respect of director compensation under the Loews Corporation 2025 Incentive Compensation Plan.
F2: 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.
F3: Each RSU represents a contingent right to receive one share of the Issuer's common stock.
--- Signature ---
/s/ /s/ Thomas H. Watson by power of attorney for Jonathan C. Locker (2026-01-05)
