David B. Edelson, former CEO of Loews Corporation, has a solid background in finance, holding an MBA from Harvard Business School. He served as CEO from 2014 until 2022, leading the company through various market changes. Notably, in 2021, he...

Current Market Cap

$18.62B

Number of Employees

12.28K

Total Compensation

2018 - 2022

Trending down by -33.91% last year
Showing total compensation for the last 2018 - 2022

Stock

Down by -43.66% last year

Salary

Up by 15.04% last year

Bonus

Down by -47.45% last year

Other

Up by 4.34% last year

Year

2022

Total Compensation

$3.74M

Salary

$1.12M

Board Justification

The compensation philosophy emphasizes performance-based compensation to align executive interests with shareholder value creation, while avoiding excessive compensation levels.

Bonus

$1.96M

Board Justification

Cash incentive compensation awarded based on performance metrics established in the first quarter of 2022, paid in the first quarter of 2023.

Other

$263.47K

Board Justification

Includes contributions to retirement plans and other benefits.

Restricted Stock

$400.00K(6.58K PRSUs)

Board Justification

Performance-based restricted stock units (PRSUs) granted in 2022, which vested based on performance metrics, with 100% earned due to performance-based income exceeding target levels.

Performance Metrics

Performance metrics include performance-based income per share, with targets set at the beginning of the year.

SEC Filing

From March 29, 2023