Company: L
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001140361-25-011755
Chunk: 46

Company: LOEWS CORP
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 46
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 any payment relating to any award, including from delivery of shares of Common Stock, the maximum applicable federal, state, local and, if applicable, foreign income and employment tax and social insurance withholding requirements (collectively, “Taxes”) arising from the grant, vesting, delivery and/or exercise of the award, and to take such other action as the Compensation Committee may deem advisable to enable the Company and the participant to satisfy obligations for Taxes. In the cases of (1) delivery of shares of Common Stock on vesting of a RSU or the exercise of a stock option or SAR and (2) the vesting of restricted stock, the Company will withhold from the delivery or vesting the number of shares of Common Stock having a fair market value equal to the applicable Taxes. Notwithstanding the foregoing, subject to approval of the Committee (which may be evidenced by award terms), participants may elect to (1) pay Taxes in cash and/or shares of Common Stock or (2) irrevocably authorize a third party to sell shares of Common Stock held by the participant to remit to the Company a sufficient portion of the sale proceeds to pay Taxes; provided that such method will not cause adverse accounting consequences for the Company and is permitted under applicable withholding rules in satisfaction of the participant’s Tax obligations. AMENDMENT AND TERMINATION The Compensation Committee may amend, alter or discontinue the 2025 Plan or awards thereunder, but no action may (1) impair the rights of a participant under any outstanding awards without the participant’s consent or (2) require shareholder approval under applicable law or under the rules of any stock exchange on which shares of our Common Stock are listed (unless such shareholder approval is obtained). Shareholder approval is generally required for any amendment that materially increases benefits provided under the 2025 Plan or materially alters the eligibility provisions of the 2025 Plan. Unless earlier terminated by the Committee, the 2025 Plan will terminate on the tenth anniversary of its Effective Date, although awards made before the termination date will remain outstanding in accordance with their terms. No awards will be granted under the 2025 Plan after the termination date.

| Loews Corporation2025 Proxy Statement |     | 55 |

TABLE OF CONTENTS Proposal No. 4: Approval of the Loews Corporation 2025 Incentive Compensation Plan

New Plan Benefits If the Effective Date occurs, awards under the 2025 Plan will be made at the discretion of the Compensation Committee, based on such factors as the Committee deems relevant at the time