Company: L
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001140361-25-011755
Chunk: 48

Company: LOEWS CORP
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 48
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 based on federal income tax laws in effect on the date of this Proxy Statement and is, therefore, subject to possible future changes in the law. The discussion does not address the consequences of state, local or foreign tax laws. INCENTIVE STOCK OPTIONS A participant will not be subject to tax upon the grant of an ISO or upon the exercise of an ISO. However, the excess of the fair market value of the shares of Common Stock acquired on the date of exercise over the exercise price paid will be included in the participant’s alternative minimum taxable income. Whether a participant is subject to the alternative minimum tax will depend on the participant’s particular circumstances. A participant’s basis in the shares of Common Stock received will be equal to the exercise price paid, and the holding period in the shares will begin on the day following the date of exercise.

| 56 |     | Loews Corporation2025 Proxy Statement |

TABLE OF CONTENTS Proposal No. 4: Approval of the Loews Corporation 2025 Incentive Compensation Plan If a participant disposes of the shares of Common Stock on or after the later of (1) the second anniversary of the date of grant of the ISO or (2) the first anniversary of the date of exercise of the ISO (the “Statutory Holding Period”), the participant will recognize a capital gain or loss in an amount equal to the difference between the amount realized on the disposition and the basis in the shares. The capital gain or loss will be subject to the rules set forth under “Disposition of Shares” below. If a participant disposes of the shares of Common Stock before the end of the Statutory Holding Period, the participant will have engaged in a “disqualifying disposition.” As a result, the participant will be subject to tax (1) on ordinary income equal to the excess of the fair market value of the shares on the date of exercise (or the amount realized on the disqualifying disposition, if less) over the exercise price paid and (2) on capital gain equal to the excess, if any, of the amount realized on the disqualifying disposition over the fair market value of the shares on the date of exercise. The capital gain will be subject to the rules set forth under “Disposition of Shares” below. If the amount a participant realizes from a disqualifying disposition is less than the exercise price paid ( i.e., the basis) and the loss sustained upon the disposition would otherwise be recognized, the participant will not recognize any ordinary income from the disqualifying disposition and, instead,