Company: L
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001140361-25-011755
Chunk: 22

Company: LOEWS CORP
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 22
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 the release of this information based on equity award grant dates. We also at times grant equity awards in connection with new hires or promotions during the year.These grants are approved by the Committee (or, in the case of grants to those who are not subject to Section 16 of the Exchange Act, by our Chief Executive Officer, as delegated by the Committee) and are also not granted in anticipation of the release of non-public information.

| 32 |     | Loews Corporation2025 Proxy Statement |

TABLE OF CONTENTS Executive Compensation

EMPLOYEE BENEFITS Our named executive officers also participate in benefit programs available to salaried employees generally, including retirement and medical programs. For 2024, these retirement programs included our Employee Savings Plan under Section 401(k) of the Internal Revenue Code and our Deferred Investment Plan. In addition, named executive officers continue to receive interest credits on accrued balances under our legacy Benefit Equalization Plan and, for certain of our named executive officers, under supplemental retirement agreements. Additional information regarding our retirement programs is available under “Pension Plans” on page 42and “Nonqualified Deferred Compensation” on page 43. 2024 Compensation to Our Named Executive Officers BASE SALARY Consistent with our objective of emphasizing performance-based compensation, the base salary for each of our named executive officers during 2024 was less than $1 million. The base salaries for 2024 for James Tisch, Kenneth Siegel, Jonathan Tisch and Richard Scott remain unchanged from the prior year. The base salary for Jane Wang, who was promoted to Chief Financial Officer in 2022, was increased to $900,000 from $800,000 in accordance with a multiyear strategy to increase Ms. Wang’s compensation as a result of her increasing responsibilities. CASH INCENTIVE COMPENSATION AWARDS For 2024, the Compensation Committee made cash incentive compensation awards to our Chief Executive Officer and each of our other named executive officers, which were paid in the first quarter of 2025. In determining the amounts earned by these executives, the Committee acted consistently within the parameters of the grants that were established in the first quarter of 2024, including the size of the performance bonus pool for the year. However, the Committee also exercised its business judgment, using essentially a qualitative, rather than formula-driven, approach based on the Committee’s overall judgment of the individual’s performance in the context of our financial performance and seeking to achieve the objectives of our compensation philosophy. The Committee did not make any changes to the 202