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LLoews Corporation · Insider ownership research

Loews Corporation insiders sold $39.3M in the past 12 months. How much of their stake is that?

About 1.0% overall. As a group they ended with more shares than they started with. The biggest individual seller, Andrew Tisch, sold shares equal to 2.6% of starting holdings, but more vested, so the stake grew.

Updated Oct 9, 2026 from SEC filings · covers Oct 10, 2025 to Oct 9, 2026
How this comparesMore of their stake sold than at 103 of the 416 other companies we can measure (#314 of 417)See ranking
1
buyer among officers and directors (2 trades), past 12 months
1.6%
of sales were under disclosed trading plans, past 12 months
8 of 20
officers and directors sold shares, past 12 months
Recent activity · past 30 days, Sep 10, 2026 to Oct 9, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

May 29, 2026Dino Robusto bought 5K shares ($524K). The total stake went from 5.2K to 10K shares that day.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Dino Robusto
Director
5,000$104.74n/a10KMay 29, 2026Jun 1, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Is this normal? Less than usual: about two-thirds of the 5-year average. 8 insiders sold; the average is 10 a year. Year by year
Latest filing: Filed Sep 30 for a stock award on Sep 30. James Tisch received an award of 237 shares. Filing
66 SEC ownership filings in the period · See the evidence

What stands out

Andrew Tisch (2.6% of holdings) sold $37.7M of stock with no disclosed trading plan. The filings don't state a reason.Largest such sale, Feb 12, 2026
Dino Robusto bought 10K shares for $1.1M, first on May 5, 2026.Purchase, May 5, 2026
Four insiders sold shares but ended with larger stakes, because more shares came in than were sold: Andrew Tisch (sold 350K, 2.6% of starting holdings; 924K added), Mark Schwartz (sold 3.1K, 16% of starting holdings; 7.6K added) and Charles Diker (sold 1.4K, 6.7% of starting holdings; 2K added), plus 1 more.Andrew Tisch: largest sale, Feb 12, 2026 · Mark Schwartz: largest sale, Feb 17, 2026 · Charles Diker: largest sale, Dec 1, 2025

Percentages cover 16 of 20 officers and directors. 4 are left out

i
Left out: Marc Alpert and Paul Fribourg (most of their shares vested during the period, so a percentage would mislead); David Czerniecki and Dino Robusto (held no vested shares at the start).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is 100% of that person's own stake; not comparable between people. The stake is the vested shares held at the start of the period (Oct 9, 2025); the gold part is what they sold.

SoldRest of starting stakeAdded during the period
Andrew Tisch
Co-Ch. of Bd/Off. Pres./Ch. EC, Director
2.6% · $37.7MNo plan disclosed
Marc Alpert
Sr. VP, Gen. Coun. & Secy.
Sold $384K (plan status beside the amount). That is 18% of the shares held or received (after tax withholding) during the period†. A share of the starting stake is not shown: most of these shares arrived during the period. Why
$384KNo plan disclosed
Ann Berman
Director
50% · $368K42% planned 58% no plan disclosed
Mark Schwartz
V.P., C.A.O. and Treasurer
Sold 16%, but 7.6K shares were added (mostly vesting), so the stake grew
16% · $347KNo plan disclosed
Paul Fribourg
Director
Sold $156K (plan status beside the amount). That is 40% of the shares held or received (after tax withholding) during the period†. A share of the starting stake is not shown: most of these shares arrived during the period. Why
$156KDisclosed plan
All 8 sellers

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planNo plan disclosedOne dollar scale for every month; the tallest bar is labeled
OctNovDec 2025: $623K under a disclosed planDec 2025: $16.0M no plan disclosed$16.6MDecJanFeb 2026: $11.9M no plan disclosedFebMar 2026: $10.9M no plan disclosedMarAprMayJunJulAugSepOct

Common questions

Is the Loews Corporation CEO selling stock?

No. Alexander Tisch reported no open-market sales in the past 12 months.

Why are Loews Corporation insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 2% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 98% had no disclosed plan. A trading plan schedules sales in advance.

Are any Loews Corporation insiders buying?

Yes. 1 officer or director reported 2 purchases in the past 12 months (Form 4 code P, which includes private purchases).

How much of their stake did Loews Corporation insiders sell?

About 1.0% overall. As a group they ended with more shares than they started with. The biggest individual seller, Andrew Tisch, sold shares equal to 2.6% of starting holdings, but more vested, so the stake grew. That covers the 12 months to Oct 9, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold8 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Andrew Tisch
Co-Ch. of Bd/Off. Pres./Ch. EC, Director
$37.7M
350K shares
2.6%No plan disclosed
Marc Alpert
Sr. VP, Gen. Coun. & Secy.
$384K
3.5K shares
18%†
i
† Most of the shares Marc Alpert sold arrived during the period, so this is shares sold as a share of the 13K held at the start plus the 12K received, less 5.4K withheld by the company for taxes.
No plan disclosed
Ann Berman
Director
$368K
3.4K shares
50%42% under a disclosed plan 58% no plan disclosed
Mark Schwartz
V.P., C.A.O. and Treasurer
$347K
3.1K shares
16%No plan disclosed
Paul Fribourg
Director
$156K
1.4K shares
40%†
i
† Most of the shares Paul Fribourg sold arrived during the period, so this is shares sold as a share of the 400 held at the start plus the 3.2K received, less 0 withheld by the company for taxes.
Disclosed plan
Charles Diker
Director
$156K
1.4K shares
6.7%Disclosed plan
Walter Harris
Director
$156K
1.4K shares
5.9%Disclosed plan
Richard Scott
SVP & Chief Investment Officer
$105K
1K shares
2.9%No plan disclosed
The full ownership picture20 of 20 insiders fully reconciled · 19 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 9, 2025SoldHeld Oct 9, 2026Still held
James Tisch
i
Minor difference of -17,309 shares. Difference is under 0.5% of holdings.
Director
15.71M016.89Mno sales
Vesting, gifts, unvested awards and holding lines for James Tisch
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock2,872,8291,873,758
TrustsCommon Stock9,834,25912,009,192
SpouseCommon Stock3,005,0373,005,037

Reconciliation: minor difference of -17,309 shares. Difference is under 0.5% of holdings.

Andrew Tisch
Co-Ch. of Bd/Off. Pres./Ch. EC, Director
13.61M−350K14.18M+4.2%
Vesting, gifts, unvested awards and holding lines for Andrew Tisch
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock551,3171,115,472
TrustsCommon Stock13,059,64213,069,487
Jonathan Tisch
i
Minor difference of 32,088 shares. Difference is under 0.5% of holdings.
Co-Ch. of Bd/Off. of the Pres., Director
6.81M06.74Mno sales
Vesting, gifts, unvested awards and holding lines for Jonathan Tisch
0shares vested or exercised
−100Kgifted (net of own trusts)
34K → 34Kunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock32,08832,088
TrustsCommon Stock6,523,4416,455,529
SpouseCommon Stock253,403253,403

Reconciliation: minor difference of 32,088 shares. Difference is under 0.5% of holdings.

Benjamin Tisch
Pres. & Chief Exec. Officer, Director
709K0667Kno sales
Vesting, gifts, unvested awards and holding lines for Benjamin Tisch
0shares vested or exercised
0gifted (net of own trusts)
23K → 33Kunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock360,3771
TrustsCommon Stock348,970667,104
Alexander Tisch
VP; Pres. & CEO, Loews Hotels
49K049Kno sales
Vesting, gifts, unvested awards and holding lines for Alexander Tisch
0shares vested or exercised
0gifted (net of own trusts)
23K → 33Kunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock49,28349,283
Richard Scott
i
Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
SVP & Chief Investment Officer
34K−1K33K97%
Vesting, gifts, unvested awards and holding lines for Richard Scott
0shares vested or exercised
0gifted (net of own trusts)
18K → 18Kunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock33,90132,901

Additional holdings last reported Feb 13, 2019, not confirmed since: 7,733 shares. Not included in any total or percentage on this page.

Charles Davidson
Director
29K030Kno sales
Vesting, gifts, unvested awards and holding lines for Charles Davidson
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock28,59429,523
Walter Harris
Director
25K−1.4K26K+3.8%
Vesting, gifts, unvested awards and holding lines for Walter Harris
+2.3Kshares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock24,59425,523
Jonathan Locker
Director
23K026Kno sales
Vesting, gifts, unvested awards and holding lines for Jonathan Locker
+1.3Kshares vested or exercised
0gifted (net of own trusts)
1.3K → 0unvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock23,46825,685
Charles Diker
Director
22K−1.4K22K+2.6%
Vesting, gifts, unvested awards and holding lines for Charles Diker
+2.3Kshares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock21,59422,165
Mark Schwartz
V.P., C.A.O. and Treasurer
20K−3.1K21K+5.9%
Vesting, gifts, unvested awards and holding lines for Mark Schwartz
+7.6Kshares vested or exercised
0gifted (net of own trusts)
−3.2Kwithheld by the company for taxes
13K → 14Kunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock10,89212,080
SpouseCommon Stock9,2189,218
Marc Alpert
Sr. VP, Gen. Coun. & Secy.
13K−3.5K16Knot meaningful
Vesting, gifts, unvested awards and holding lines for Marc Alpert
+12Kshares vested or exercised
0gifted (net of own trusts)
−5.4Kwithheld by the company for taxes
18K → 15Kunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock13,08916,325
Jane Wang
Sr. Vice President & CFO
12K019Kno sales
Vesting, gifts, unvested awards and holding lines for Jane Wang
+12Kshares vested or exercised
0gifted (net of own trusts)
−5.4Kwithheld by the company for taxes
18K → 15Kunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock12,31219,042
Kenneth Siegel
Senior Vice President
7.6K014Kno sales
Vesting, gifts, unvested awards and holding lines for Kenneth Siegel
+12Kshares vested or exercised
0gifted (net of own trusts)
−5.4Kwithheld by the company for taxes
18K → 15Kunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock7,59014,321
Ann Berman
Director
6.7K−3.4K5.2K78%
Vesting, gifts, unvested awards and holding lines for Ann Berman
+2.3Kshares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock6,6865,233
Susan Peters
Director
2.4K03.3Kno sales
Vesting, gifts, unvested awards and holding lines for Susan Peters
0shares vested or exercised
0gifted (net of own trusts)
1.3K → 1.3Kunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock2,3593,288
Paul Fribourg
Director
400−1.4K1.3Knot meaningful
Vesting, gifts, unvested awards and holding lines for Paul Fribourg
+2.3Kshares vested or exercised
0gifted (net of own trusts)
1.3K → 1.3Kunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock4001,329
Jennifer VanBelle
Director
15601.1Kno sales
Vesting, gifts, unvested awards and holding lines for Jennifer VanBelle
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock1561,085
Dino Robusto
Director
0011Kno sales
Vesting, gifts, unvested awards and holding lines for Dino Robusto
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock010,695

20 of 20 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (18 exactly, 2 with a minor or footnoted difference). Percentages cover 16 of 20 officers and directors. Left out: Marc Alpert and Paul Fribourg (most of their shares vested during the period, so a percentage would mislead); David Czerniecki and Dino Robusto (held no vested shares at the start). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$39.3M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $39.3M across 365,337 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

The lighter segment is sales with no plan disclosed in the filing ($38.7M), including tax-related sales outside a plan.

No plan disclosed · $38.7M

Sales with no 10b5-1 plan and no tax reference in the filing. $37.7M of it is Andrew Tisch. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Andrew Tisch, Feb 12, 2026

Taxes

19,267 shares ($2.1M) were withheld by the company for taxes, which isn't a market sale.

Purchases · 1 buyer (2 trades)

1 officer or director bought shares in this period, in 2 trades(Form 4 code P). Across all their filings on record there are 19 purchase trades.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Andrew Tisch
Co-Ch. of Bd/Off. Pres./Ch. EC, Director
350K$37.7M0%96%Dec 1, 2025 to Mar 12, 2026
Marc Alpert
Sr. VP, Gen. Coun. & Secy.
3.5K$384K0%1.0%Feb 10, 2026 to Feb 10, 2026
Ann Berman
Director
3.4K$368K42%0.9%Dec 1, 2025 to Feb 10, 2026
Mark Schwartz
V.P., C.A.O. and Treasurer
3.1K$347K0%0.9%Feb 17, 2026 to Feb 17, 2026
Paul Fribourg
Director
1.4K$156K100%0.4%Dec 1, 2025 to Dec 1, 2025
Charles Diker
Director
1.4K$156K100%0.4%Dec 1, 2025 to Dec 1, 2025
Walter Harris
Director
1.4K$156K100%0.4%Dec 1, 2025 to Dec 1, 2025
Richard Scott
SVP & Chief Investment Officer
1K$105K0%0.3%Dec 11, 2025 to Dec 11, 2025

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$0$0$0$0
Dec 2025$16.6M$623K$0$16.0M
Jan 2026$0$0$0$0
Feb 2026$11.9M$0$0$11.9M
Mar 2026$10.9M$0$0$10.9M
Apr 2026$0$0$0$0
May 2026$0$0$0$0
Jun 2026$0$0$0$0
Jul 2026$0$0$0$0
Aug 2026$0$0$0$0
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

Less than usual: about two-thirds of the 5-year average. 8 insiders sold; the average is 10 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 9, 2026
Latest 12 months
365K8$39.3M
Oct 9, 2025
1 year earlier
909K9$77.0M
Oct 9, 2024
2 years earlier
1.15M12$86.5M
Oct 10, 2023
3 years earlier
58K9$3.5M
Oct 10, 2022
4 years earlier
597K12$38.0M
Oct 10, 2021
5 years earlier
67K10$3.5M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertaintyEvery officer and director reconciles

Every officer and director reconciles for this period.

James Tisch: minor difference of -17,309 shares. Difference is under 0.5% of holdings.

Jonathan Tisch: minor difference of 32,088 shares. Difference is under 0.5% of holdings.

Inferred rename: "Trust" is treated as the same holder as "Trusts", because the old name was never reported again and the new one opened with the same balance (1,910,082 shares). Old name, new name

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology2,040 filings from SEC EDGAR, and how we read them

All 2,040 Forms 3, 4 and 5 filed for Loews Corporation (SEC CIK 60086) from Oct 3, 2002 to Sep 30, 2026, retrieved from SEC EDGAR on Oct 9, 2026. Prices are the ones reported in each filing, often weighted averages. 48 filings were left out because Loews Corporation filed them as an owner of another company's stock. 26 older filings exist only on paper and could not be read.

Probable 3-for-1 stock split on or before May 10, 2006 (first filing that shows post-split balances). Splits aren't reported as transactions; 8 holding lines changed by exactly this ratio, so earlier share counts are restated.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (18)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Anthony WeltersMar 4, 20259,845 shares, last reported balance as of Mar 3, 2025
Joseph BowerMar 4, 202415,525 shares, last reported balance as of Mar 1, 2024
Philip LaskawyMar 2, 202313,365 shares, last reported balance as of Mar 1, 2023
David EdelsonFeb 14, 202235,370 shares, last reported balance as of Feb 11, 2022
Jacob FrenkelMay 9, 20196,637 shares, last reported balance as of May 8, 2019
Ken MillerMar 15, 201817,000 shares, last reported balance as of Nov 29, 2012
Lawrence BacowMar 15, 2018No balance on record
Gary GarsonMay 11, 2016No balance on record
Gloria ScottApr 1, 2014No balance on record
Peter KeeganApr 1, 2014No balance on record
Herbert HofmannMay 30, 2012No balance on record
Arthur RebellOct 1, 2009No balance on record
Joan TischJul 7, 200841,341,744 shares, last reported balance as of Jun 30, 2008
John BrademasApr 4, 2006No balance on record
Preston TischSep 14, 200587,544,131 shares, last reported balance as of Sep 12, 2005
Guy KwanJul 5, 2005No balance on record
ROSS FINANCIAL CORPMay 19, 200415,965,100 shares, last reported balance as of May 19, 2004
Fred WilponApr 2, 2004No balance on record

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