Company: L
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001140361-25-011755
Chunk: 39

Company: LOEWS CORP
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 39
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                    |
| Ann E. Berman              |     | Charles M. Diker   |
| Paul J. Fribourg           |     | Jonathan C. Locker |

| 50 |     | Loews Corporation2025 Proxy Statement |

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

Proposal No. 4: Approval of the Loews Corporation 2025 Incentive Compensation Plan On February 11, 2025, upon the recommendation of the Compensation Committee, our Board of Directors approved the Loews Corporation 2025 Incentive Compensation Plan (the “2025 Plan”). If it is approved by our shareholders at the Annual Meeting, the 2025 Plan will become effective on May 13, 2025 (the “Effective Date”). If the 2025 Plan is not approved by our shareholders, the Effective Date will not occur and no awards will be made under the 2025 Plan. The 2025 Plan is intended to replace the 2016 Plan, which is the sole active plan for granting equity awards to our employees and non-employee directors. The 2016 Plan is scheduled to terminate in accordance with its terms on February 9, 2026. If approved by our shareholders, the 2025 Plan will only apply to awards granted on or after the Effective Date. The terms and conditions of awards granted under the 2016 Plan will not be affected by the adoption or approval of the 2025 Plan, and the 2016 Plan will remain effective with respect to those awards. No new grants will be made under the 2016 Plan after the Effective Date. In assessing the appropriate terms of the 2025 Plan, the Compensation Committee and the Board considered, among other things, the existing terms of the 2016 Plan, our compensation philosophy and practices and feedback from our shareholders. The following summary of the material terms of the 2025 Plan is qualified in its entirety by reference to the complete text of the 2025 Plan, which is attached as Exhibit A to this Proxy Statement. The Board of Directors believes it is in the best interest of the Company and our shareholders to approve the 2025 Plan because it believes the 2025 Plan will promote the success and enhance the value of the Company by further aligning the interests of participants with the interests of our shareholders and by providing participants with a greater incentive for outstanding performance. Summary of the 2025 Plan BEST PRACTICES The