Company: L
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001140361-25-011755
Chunk: 49

Company: LOEWS CORP
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 49
---
 the participant will have a capital loss from the disposition. The current position of the Internal Revenue Service is that income tax withholding and FICA and FUTA taxes (“Employment Taxes”) do not apply upon the exercise of an ISO or upon a subsequent disposition, including a disqualifying disposition, of shares of Common Stock acquired pursuant to the exercise of the ISO. NONQUALIFIED STOCK OPTIONS A participant will not be subject to tax upon the grant of an NQSO. Upon exercise of an NQSO, an amount equal to the excess of the fair market value of the shares of Common Stock acquired on the date of exercise over the exercise price paid is taxable to a participant as ordinary income and will be subject to Employment Taxes. A participant’s basis in the shares of Common Stock received will equal the fair market value of the shares on the date of exercise, and a participant’s holding period in the shares will begin on the day following the date of exercise. SARS A participant will not be subject to tax upon the grant of a SAR. Upon exercise of a SAR, an amount equal to the cash and/or the fair market value (measured on the date of exercise) of the shares of Common Stock received will be taxable to the participant as ordinary income and will be subject to Employment Taxes. A participant’s basis in any shares received will be equal to the fair market value of the shares on the date of exercise, and the holding period in the shares will begin on the day following the date of exercise. RESTRICTED STOCK A participant will not be subject to tax upon receipt of an award of restricted stock unless the participant makes a Section 83(b) election referred to below. Upon lapse of the forfeiture conditions or transfer restrictions (each, a “Vesting Date”), a participant will recognize ordinary income equal to the fair market value of the shares of Common Stock on the date of lapse (less any amount the participant may have paid for the shares) and will be subject to Employment Taxes. A participant’s basis in the shares received will be equal to the fair market value of the shares on the Vesting Date, and the holding period in the shares begins on the Vesting Date. If any dividends are paid on the shares prior to the Vesting Date, they will be includible in a participant’s income during the restricted period as additional compensation (and not as dividend income).

| Loews Corporation2025 Proxy Statement |     | 57 |

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