LLoews Corporation
Loews Corporation was incorporated in 1969 and is a holding company. 10-K, Item 1
Deals between L and its directors, executives, owners of more than 5% or their families: a relative on the payroll, a plane the company charters from its CEO, a director's company that buys from it. SEC rules (Item 404) make the company list every such deal over $120,000 in its proxy statement. Below: what the proxy filed 2026-04-01 reports that the one filed 2025-04-02 did not, quoted as filed.
New this year
2 newParagraphs about a deal, a person or a relative with nothing like them in the proxy filed 2025-04-02.
Transactions with Related Persons“Jonathan M. Tisch, director emeritus and cousin of James S. Tisch, was employed as Executive Chairman of Loews Hotels during 2025, for which he earned cash compensation (including cash incentive compensation) of $3,396,154 in 2025 and participated in benefit programs available to salaried employees generally. In February 2025, he was granted 11,878 Restricted Stock Units (“RSUs”) under our Incentive Compensation Plan. He retired from his position as Executive Chairman of Loews Hotels on December 31, 2025. Following his retirement, he is available to provide consulting services to Loews Hotels for up to 200 hours per year at a rate of $1,000 per hour.”
Read it in the proxy ↗
Transactions with Related Persons“Beginning in February 2026, a member of the Tisch family began leasing an apartment at the Loews Regency New York Hotel on a month-to-month basis at an initial rate of $65,000 per month (subject to renegotiation if the term is extended beyond January 31, 2027).”
Read it in the proxy ↗
No longer reported 2 paragraphs of the proxy filed 2025-04-02 with nothing like them this year
Transactions with Related Persons“Jonathan M. Tisch owns a personal aircraft. From time to time he uses this aircraft for business purposes in connection with his role as Executive Chairman of Loews Hotels and seeks reimbursement from Loews Hotels for the costs associated with the business travel. The amount of such reimbursement is the lesser of (i) his actual costs associated with the flight and (ii) the cost of using Loews Hotels’ fractional aircraft interest for the flight that would have been applicable had he used Loews Hotels’ fractional aircraft interest. Any reimbursement is adjusted for any portion of the trip that is allocable to non-business travel. The reimbursable amount for such business use of his personal aircraft during 2024 was $226,030.”
Read it in last year's proxy ↗
Transactions with Related Persons“Following his retirement as a member of the Office of the President, Andrew H. Tisch reimburses the company for 100% of the costs associated with a company-provided car and driver. The reimbursement amount for the car and driver during 2024 was $238,268.”
Read it in last year's proxy ↗
The whole section 4 paragraphs, proxy filed 2026-04-01
Transactions with Related Persons“Our Audit Committee Charter requires our Audit Committee to review and approve all related party transactions required to be disclosed under Securities and Exchange Commission rules. It has been our Audit Committee’s practice, however, to review and approve or ratify any transaction, regardless of the size or amount, involving us or any of our subsidiaries in which any of our directors, director nominees, executive officers, principal shareholders or any of their immediate family members has had or will have a direct or indirect material interest, without the participation of any member who may be involved in the transaction. All such related party transactions are submitted to our General Counsel for review and reported to our Audit Committee for its consideration. In each case, the Audit Committee considers, in light of all of the facts and circumstances it deems relevant, whether the transaction is fair and reasonable to us.”
Read it in the proxy ↗
Transactions with Related Persons“Our Audit Committee reviewed and approved or ratified the following related party transactions that have occurred or been proposed since January 1, 2025:”
Read it in the proxy ↗
Transactions with Related Persons“Jonathan M. Tisch, director emeritus and cousin of James S. Tisch, was employed as Executive Chairman of Loews Hotels during 2025, for which he earned cash compensation (including cash incentive compensation) of $3,396,154 in 2025 and participated in benefit programs available to salaried employees generally. In February 2025, he was granted 11,878 Restricted Stock Units (“RSUs”) under our Incentive Compensation Plan. He retired from his position as Executive Chairman of Loews Hotels on December 31, 2025. Following his retirement, he is available to provide consulting services to Loews Hotels for up to 200 hours per year at a rate of $1,000 per hour.”
Read it in the proxy ↗
Transactions with Related Persons“Beginning in February 2026, a member of the Tisch family began leasing an apartment at the Loews Regency New York Hotel on a month-to-month basis at an initial rate of $65,000 per month (subject to renegotiation if the term is extended beyond January 31, 2027).”
Read it in the proxy ↗
Paragraphs are compared by their words, not read by AI: one counts as new when no paragraph last year shares half of its words, or when it names a person or company last year's section did not. A deal reported again with a new amount is not new. Always check the filing. Open the proxy ↗ · Last year's proxy ↗
Work on L in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
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