Company: L
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001140361-25-011755
Chunk: 43

Company: LOEWS CORP
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 43
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SOs (which are options that do not qualify for favorable tax treatment) to eligible participants under the 2025 Plan. The exercise price for a stock option may not be less than the fair market value (as defined in the 2025 Plan) of our Common Stock on the grant date, and the term of the stock option may not exceed ten years from the grant date. ISOs may be granted to employees only. Further, the aggregate fair market value of ISOs exercisable for the first time by an employee during any fiscal year may not exceed $100,000. Stock Appreciation Rights. SARs are rights to payment with respect to the increase in the value of shares of our Common Stock over the base price set with respect to the SAR between the grant date and the exercise date. Payment with respect to such increase may be made in cash or with shares of our Common Stock. The base price for a SAR may not be less than the fair market value of our Common Stock on the grant date, and the term of the SAR may not exceed ten years from the grant date. Restricted Stock. Restricted stock represents the grant of shares of our Common Stock that are subject to forfeiture if the applicable vesting conditions are not met. Unless otherwise provided in the applicable award terms, a participant will have the right to vote and receive dividends on restricted stock granted, but any dividend on restricted stock will be retained and paid to the participant only upon the vesting of the underlying restricted stock. Restricted Stock Units. RSUs are contractual rights to receive shares of our Common Stock in the future if the applicable vesting conditions are met. Subject to Section 409A, RSUs may provide the participant with the right to receive dividend equivalents. Unless otherwise provided in the applicable award terms, any dividend equivalents on RSUs will be retained and paid to the participant only upon the vesting of the underlying RSUs. Other Stock-Based Awards. Other stock-based awards are awards which are denominated or payable in, valued by reference to, or otherwise based on or related to our Common Stock. Cash-Based Awards. Cash-based awards are awards that are payable in cash.

| Loews Corporation2025 Proxy Statement |     | 53 |

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

PERFORMANCE GOALS The Compensation Committee may grant awards that are payable based on the level of attainment of criteria determined by the Committee from time to time, and as may be adjusted, modified or amended by the