secwatch.observer — SEC 8-K summary
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Issuer:     LOEWS CORP (L)
CIK:        0000060086
Form:       8-K
Filed at:   2025-02-18T23:59:59+00:00
Accession:  0000060086-25-000052
Event type: leadership
Sentiment:  positive
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Loews sets CEO Benjamin Tisch's 2025 pay: $1M salary, $2.6M target, 10,690 PRSUs; special SAR grants to three execs
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- Benjamin J. Tisch receives annual base salary of $1,000,000 and target cash incentive of $2,600,000 for 2025.
- Tisch also gets a target PRSU award of 10,690 units (grant date fair value $900,000) under the 2016 Incentive Plan.
- Special SAR grants: B. Tisch and A. Tisch each receive 450,000 SARs ($4.09M fair value); J. Wang receives 337,500 SARs ($3.07M).
- SARs have three exercise prices ($100, $150, $200/share) and become exercisable after 7 years; 10-year term; subject to clawback.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/60086/000006008625000052/0000060086-25-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/60086/000006008625000052/l-20250217.htm
  HTML page:      https://secwatch.observer/filing/0000060086-25-000052

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer