Company: L
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001140361-25-011755
Chunk: 42

Company: LOEWS CORP
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 42
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 the amount of cash subject to an award, and the terms, conditions, restrictions and performance goals, if any, relating to any award. The Committee may delegate its powers, responsibilities and duties under the 2025 Plan to any person who is not a member of the Committee or to any administrative group of the Company or its subsidiaries or affiliates. The Committee also has general interpretive authority under the 2025 Plan, as well as the authority to make equitable adjustments under the 2025 Plan in the case of mergers, acquisitions, reorganizations, restructurings, extraordinary dividends and other similar corporate transactions.

| 52 |     | Loews Corporation2025 Proxy Statement |

TABLE OF CONTENTS Proposal No. 4: Approval of the Loews Corporation 2025 Incentive Compensation Plan ELIGIBILITY FOR AWARDS Awards may be granted to employees, non-employee directors and independent contractors of the Company or any of its subsidiaries or affiliates. Awards granted under the 2025 Plan will be made at the discretion of the Compensation Committee, subject to the terms of the 2025 Plan, any applicable award agreement and applicable law. As of December 31, 2024, the Company, its consolidated subsidiaries and unconsolidated affiliates had approximately 16,900 employees, including six executive officers of the Company, and the Company had nine non-employee directors, who would be eligible to receive awards under the 2025 Plan. AWARD LIMITS The 2025 Plan provides that no non-employee director of the Company may receive, in respect of service as a non-employee director, in any fiscal year any combination of awards having an aggregate grant date value of more than $500,000. TYPES OF AWARDS UNDER THE 2025 PLAN The 2025 Plan authorizes the Compensation Committee to grant a variety of awards to eligible participants, including restricted stock, RSUs, stock options (including Incentive Stock Options (“ISOs”) and nonqualified stock options (“NQSOs”)), SARs, other stock-based awards, and cash-based awards. Awards may be subject to vesting conditions, which may include a period of continued service and/or the attainment of specified goals, and/or other terms and conditions as determined by the Committee. Stock Options. Stock options are rights to acquire shares of our Common Stock at a set price (referred to as the exercise price). The Compensation Committee may grant ISOs (which are options that may entitle the recipient to favorable tax treatment) and NQ