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...

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 earned a significant bonus of $3.72 million, showing his performance-based compensation philosophy works as intended. Under his leadership, the company's financial strategies were directly tied to share growth and performance. Throughout his tenure, he frequently bought and sold shares, reaching as high as $11.13 million in insider trading values in July 2023. After stepping back from his CEO role, he continued as a senior advisor, demonstrating his value to the company. David’s experience and steady hand at the helm of Loews reflect how executive leadership can navigate through complex financial landscapes.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Loews CEOs

L

David B. Edelson

Ex-CEO of Loews

Education

MBA from Harvard Business School

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1971 - 54 years ago

CEO of Loews for

8 years 4 months (Jan 2014 - May 2022)

Previous Experience

Senior Vice President at Loews Corporation since 2005

Rivals

Competitors/colleagues of David B. Edelson

O

Craig Smiddy

CEO of Old Republic International

2023 Compensation

Stock

$575.29K

Salary

$926.67K

Bonus

$2.28M

Other

$37.02K

Total Holdings

$7.72M

A

Daniel P. Amos

CEO of Aflac

2023 Compensation

Stock

$0.00

Salary

$1.44M

Bonus

$0.00

Other

$474.89K

Total Holdings

$278.87M

C

Evan G. Greenberg

CEO of Chubb

2023 Compensation

Stock

$18.41M

Salary

$1.55M

Bonus

$9.00M

Other

$1.46M

Total Holdings

$177.97M

T

Christopher J. Swift

CEO of The Hartford Financial Services Group

2023 Compensation

Stock

$0.00

Salary

$1.20M

Bonus

$3.86M

Other

$312.77K

Total Holdings

$49.18M

B

Warren E. Buffett

CEO of Berkshire Hathaway

2023 Compensation

Stock

$0.00

Salary

$100.00K

Bonus

$0.00

Other

$313.60K

Total Holdings

$162.98B

M

Michel A. Khalaf

CEO of MetLife

2023 Compensation

Stock

$15.81M

Salary

$1.48M

Bonus

$4.80M

Other

$279.92K

Total Holdings

$50.00M

Holdings

See how much did David B. Edelson make over time.

David B. Edelson was active in managing his company shares, showcasing significant insider trading activity. In the last quarter of 2020, he reported trades totaling around $3.65 million. His share values fluctuated greatly, with one instance peaking at $11.13 million...

David B. Edelson was active in managing his company shares, showcasing significant insider trading activity. In the last quarter of 2020, he reported trades totaling around $3.65 million. His share values fluctuated greatly, with one instance peaking at $11.13 million in July 2023. This indicates that he was confident in his company's direction, as he capitalized on share price variations. His holdings reflected a keen eye for market dynamics, suggesting he believed in the long-term growth of Loews even after his retirement. This strategy of buying and selling implies a hands-on approach to his financial portfolio, emphasizing his finance background and understanding of market trends.

Total Stock Sold

$16.88M

L

$4.74M

104,113 L shares

AN

$12.14M

153,200 AN shares

What if they kept their stock?

If David B. Edelson didn't sell their stock, today they would have:
Extra L104,113 shares worth $3.95M and AN153,200 shares worth $4.75M.
This is -48.45% and $8.18M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of David B. Edelson.

AN

1,497 shares

AN

Jan 2, 2025

Received

AN

$1.68M

AN at $168.00/share

Apr 29, 2024

Sale

AN

1,659 shares

AN

Jan 2, 2024

Received

AN

$2.75M

AN at $137.48/share

Feb 28, 2023

Sale

AN

2,331 shares

AN

Jan 3, 2023

Received

AN

$1.43M

AN at $108.00/share

Feb 25, 2022

Sale

AN

2,192 shares

AN

Jan 3, 2022

Received

AN

$321.53K

AN at $128.61/share

Nov 12, 2021

Sale

L

$719.30K

L at $55.92/share

Aug 11, 2021

Sale

AN

$303.43K

AN at $121.37/share

Jul 29, 2021

Sale

Compensation History

See how much did David B. Edelson make over time.

In 2022, David B. Edelson received a total compensation of $3.83 million, including a salary of over $1.12 million and a cash bonus of $1.96 million based on performance metrics. His focus was on aligning executive pay with the company’s performance, evident in the cash incentives he earned. In previous years, like 2021, he had a peak compensation of $5.73 million. This reflects his effectiveness in steering the company towards profitability, which in turn benefited shareholders. The structure of his compensation is crucial because it’s designed to promote long-term growth and retention of top talent. A significant portion of his compensation, particularly bonuses, depended on meeting financial goals, underscoring his commitment to performance.

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.

Other Loews CEOs

Here are other CEOs of Loews

Jane Wang

Ex-CEO of Loews

May 2022 - January 2025