Company: L
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001140361-25-011755
Chunk: 5

Company: LOEWS CORP
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 5
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 of Loews. Under these guidelines, each non-management director is required to own shares having a value (determined as of the time the shares are acquired) of at least three times the annual cash retainer payable to directors (which is currently $125,000 per year). Newly elected directors have until the date of the third annual meeting after they were first elected to accumulate the requisite shares. Shares owned by immediate family members or in certain trusts and unissued shares underlying restricted stock units (“RSUs”) are counted toward satisfying the requirement. Our Nominating and Governance Committee, or the committee chair acting by delegated authority, has the authority to grant exceptions to the guidelines for hardship reasons. All non-employee directors were in compliance with these guidelines as of the date of this proxy statement. Director Compensation During 2024, our non-management directors received a cash retainer of $31,250 per quarter and an annual RSU award with a value of $100,000 at the date of grant (the date of our annual shareholder meeting) under the Loews Corporation 2016 Incentive Compensation Plan (our “Incentive Compensation Plan” or the “2016 Plan”). Members of our Audit Committee received a cash retainer of $6,250 per quarter, and the committee chair received an additional $10,000 per quarter. Members of our Compensation Committee and Nominating and Governance Committee received a cash retainer of $2,500 per quarter, and the committee chairs received an additional $5,000 per quarter. Our lead director received an additional quarterly retainer of $5,000. Our non-management Co-Chairman of the Board received an additional quarterly retainer of $25,000. Our directors are reimbursed for reasonable expenses incurred in connection with attending board and committee meetings. Our non-management directors may elect to defer some or all of their cash and equity compensation. The following table shows information regarding the compensation of our non-management directors during the year ended December 31, 2024.

| Name                |     | Fees Earned or 
   Paid in Cash |     |     Stock 
 Awards(1) |     | Option/SAR 
  Awards(2) |     |    All Other 
 Compensation |     |    Total |
| Ann E. Berman       |     |       $150,000 |     |  $100,000 |     |         $0 |     |           $0 |     | $250,000 |
| Joseph L. Bower(3)  |