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Loews ( (L) ) has shared an announcement.
On February 17, 2025, Loews Corporation announced a new compensation package for Benjamin J. Tisch, who was appointed President and CEO effective January 1, 2025. His package includes an annual base salary of $1,000,000, a target cash incentive of $2,600,000, and performance-based restricted stock units valued at $900,000 for the year 2025. Additionally, the Compensation Committee approved special stock appreciation rights (SARs) for key executives, including Tisch, Alexander H. Tisch, and Jane J. Wang, to incentivize shareholder value creation. These SARs, not part of regular compensation, have a 10-year term and will vest based on stock price performance, aiming to retain and motivate the executives.
More about Loews
Loews Corporation operates in the diversified holding company sector, focusing on various industries including insurance, hotels, and energy. Through its subsidiaries, such as Loews Hotels & Co, it provides a range of services including hospitality and financial operations.
YTD Price Performance: -1.37%
Average Trading Volume: 751,883
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $17.67B
For an in-depth examination of L stock, go to TipRanks’ Stock Analysis page.