Company: ELV
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001156039-25-000046
Chunk: 49

Company: Elevance Health, Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 49
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 in determining the amount of the actual AIP award to be paid to each NEO, the Committee considers the CEO’s recommendations for each NEO (excluding the CEO) and the NEO’s contribution toward reaching our pre-determined enterprise goals. Based on the above considerations, the Committee may adjust the AIP award paid to a NEO upward or downward within the overall funding pool for the AIP.

#### 2025 Proxy Statement51

#### Executive Compensation

#### Final 2024 AIP Payout for NEOs
After setting the total AIP funding pool based on the factors as described above under "Determination of AIP Awards" and considering each NEO’s contributions toward reaching our enterprise goals as described above, the Committee approved the following 2024 AIP awards as shown in the Summary Compensation Tableon page 58:

| Name            |     | Target AIP % |     |   |     |   |           | Target Award |     |   |           | Final Award | Final Payout as% of Target |      |   |
|:----------------|:----|:-------------|----:|:--|:----|:--|----------:|:-------------|:----|:--|----------:|:------------|:---------------------------|-----:|:--|
| Gail Boudreaux  |     |              | 200 | % |     | $ | 3,200,000 |              |     | $ | 1,142,400 |             |                            | 35.7 | % |
| Mark Kaye       |     |              | 120 | % |     | $ | 1,080,000 |              |     | $ |   385,560 |             |                            | 35.7 | % |
| Peter Haytaian  |     |              | 120 | % |     | $ | 1,140,000 |              |     | $ |   406,980 |             |                            | 35.7 | % |
| Felicia Norwood |     |              | 120 | % |     | $ | 1,140,000 |              |     | $ |   406,980 |             |                            | 35.7 | % |
| Morgan Kendrick |     |              | 120 | % |     | $ | 1,020,000 |              |     | $ |   510,000 |             |                            | 50.0 | % |

Pursuant to the