Company: CRD-A
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001558370-25-004509
Chunk: 67

Company: CRAWFORD & CO
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 67
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 as Chair, and Messrs. Crawford, Murphy, and Donner. None of the foregoing individuals are or have been in the past officers or employees of the Company. None of the members of the Compensation and Human Capital Committee serve as members of the board of directors or compensation committee of any entity that has one or more executive officers serving as a member of the Company’s Compensation and Human Capital Committee.

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<div align='center'>**PROPOSAL 2 — APPROVAL OF AN AMENDMENT TO THE CRAWFORD & COMPANY 2016 EMPLOYEE STOCK PURCHASE PLAN**</div>

General

On February 6, 2025, at the recommendation of the Compensation and Human Capital Committee (“Compensation Committee”), the Board approved an amendment to the Crawford & Company 2016 Employee Stock Purchase Plan (the “Plan”) to increase the number of shares to be issued under the Plan by 1,000,000 shares of Class A Common stock. The Plan was initially adopted by the Board of Directors February 9, 2016, and approved by the Company’s Shareholders, effective May 11, 2016.

The Plan is intended to qualify as an “employee stock purchase plan” within the meaning of Section 423 of the Code of 1986 (the “Code”) in order to provide the Company’s eligible employees (described below) with a convenient means of purchasing shares of the Company’s Class A Common Stock at a discount through payroll deductions.

The primary purpose of the Plan is to encourage stock ownership by eligible employees in the belief that such ownership will increase their interest in the success of the Company and will provide an additional incentive for them to remain in the employ of the Company. The Board recommends that Shareholders approve the amendment to the Plan at the Annual Meeting so that the Company may continue to provide this stock ownership opportunity to our employees.

Under the proposed amendment to the Plan, an additional 1,000,000 shares of Class A Common Stock would be authorized for issuance under the Plan.

On March 14, 2025, the closing price of the Company's Class A Common Stock was $10.65.

Summary of the 2016 Employee Stock Purchase Plan

A summary of the principal features of the Plan is provided below but is qualified in its entirety by reference to the full text of the Plan that is attached as Appendix A to this Proxy Statement and incorporated by reference herein.

Shares Available for Issuance

If this proposal is approved by the Shareholders, there will be an