Company: CRD-A
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001558370-25-004509
Chunk: 35

Company: CRAWFORD & CO
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 35
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 (“STIP”), a component of the Crawford & Company 2016 Management Team

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Incentive Compensation Plan (the “Management Team Incentive Compensation Plan”). Under the STIP, each participating executive officer is provided advance goals that can, from year to year, include corporate, segment and individual targets, weighted appropriately for the executive’s position in the Company. Award payout eligibility generally requires, among other things, continued employment through the date of the actual payout. Due to the Company’s significant international operations and the fact that it reports its consolidated financial results in U.S. dollars, annual performance metrics are adjusted to eliminate the impact of any movements in exchange rates so that individuals do not benefit from or are not negatively impacted by the movement in exchange rates. Accordingly, the actual results disclosed in this discussion may not be consistent with our published results. Final payments pursuant to the STIP are at the discretion of the Compensation Committee. For each of the named executive officers, the Compensation Committee established threshold, target and maximum award opportunity levels (as a percentage of 2024 annual base salary) for purposes of the STIP after taking into account market-competitive factors and any contractually mandated payout levels contained in applicable employment agreements. The STIP award opportunities (set out as a percentage of each named executive officer’s 2024 annual base salary) were as set out below:

| ​            | ​ |                 ​ | ​ |                 ​ | ​ |                 ​ |
| ​            |   |   Threshold Award |   |      Target Award |   |     Maximum Award |
| ​            | ​ | Opportunity (as a | ​ | Opportunity (as a | ​ | Opportunity (as a |
| ​            | ​ |     percentage of | ​ |     percentage of | ​ |     percentage of |
| ​            | ​ |      base salary) | ​ |      base salary) | ​ |      base salary) |
| Mr. Verma    |   |             30.00 | ​ |            100.00 | ​ |            200.00 |
| Mr. Swain    |   |             17.25 | ​ |             57.50 | ​ |            115.00 |
| Mr. Bart     |   |             17.25 | ​ |             57.50 | ​ |            115.00 |
| Mr. Thomas   |   |             17.25 | ​ |             57.50 | ​ |            115.00 |
|