Company: ELV
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001156039-25-000046
Chunk: 33

Company: Elevance Health, Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 33
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 the form of annual retainers for Board members and committee chairs and annual stock awards. An annual retainer is also paid when the Chair of the Board is not an employee or there is a Lead Director. In addition, pro-rata stock awards are granted to non-employee directors who join the Board mid-year. Our 2024 compensation for non-employee directors was as follows:

| Compensation Element                                               |     |   |    2024 |
|:-------------------------------------------------------------------|:----|:--|--------:|
| Annual Retainer – Cash Portion                                     |     | $ | 125,000 |
| Annual Retainer – Company Stock Portion                            |     | $ | 210,000 |
| Annual Committee Chair Retainers                                   |     | $ |  30,000 |
| Annual Retainer for Non-Executive Chair of the Board               |     | $ | 260,000 |
| Annual Retainer for Lead Director (if any; not applicable in 2024) |     | $ |  50,000 |

In addition, we will pay the cost of an annual physical for each of our non-employee directors.

Ms. Boudreaux, as an employee director, does not receive any compensation for her service as a director. Ms. Boudreaux’s 2024 compensation is shown in the Summary Compensation Table.

#### 2025 Proxy Statement37

#### Corporate Governance

#### Directors’ Compensation Table
The compensation actually paid to our non-employee directors for service during 2024 was as follows:

| Name                 |     | Fees Earned or 
 Paid in Cash   
 ($)(1)         |     |   |         |     |    |     | Stock  
 Awards 
 ($)(2) |     |         |     | All Other    
 Compensation 
 ($)(3)       |     |   |        |     | Total 
 ($)   |         |
|:---------------------|:----|:---------------|:----|:--|--------:|:----|---:|:----|:-------|:----|--------:|:----|:-------------|:----|:--|-------:|:----|:------|--------:|
| R. Kerry Clark       |     |                |     | $ | 155,484 |     |    |     | $      |     | 209,516 |     |              |     | $ | 10,000 |     | $     | 375,000 |
|