Company: HUM
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-048976
Chunk: 50

Company: HUMANA INC
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 50
---
 input from a number of sources and reference points to guide its design of the Company’s executive compensation programs and individual pay decisions. These various perspectives allow the Committee to have visibility into our peer companies’ practices, investor viewpoints, changes in external market practices and each executive’s individual performance, as part of its review of compensation. The Committee regularly reviews input and data received from its independent compensation consultant, our stockholders, external market practice surveys and individual performance assessments to make informed compensation decisions for our NEOs. In addition, the Committee regularly reviews tally sheet information that provides a comprehensive look at total compensation for each of our NEO’s. The figure below further describes the primary sources contributing to the Committee’s decision-making process. Independent Compensation Consultant For 2024, the independent compensation consultant for the Committee was Farient Advisors, LLC (Farient). A representative of Farient attended all of the regularly scheduled Committee meetings in 2024, including, when invited, executive sessions. In accordance with the Committee’s Charter, the Committee has the sole authority to determine the compensation for, and to terminate the services of, the independent compensation consultant. The Committee considered certain factors to determine whether Farient’s service as a compensation consultant raised a conflict of interest, including, among other things:

| • |     | Whether the firm provided other services to the Company; |

| • |     | The amount of fees received by the firm from the Company, as a percentage of such firm’s total revenue; |

| • |     | The firm’s policies and procedures that are designed to prevent conflicts of interest; |

| • |     | Whether the firm’s representatives providing services to the Committee have any business or personal relationship with a member of the Committee; |

| • |     | Whether the firm’s representatives providing services to the Committee own Company stock; and |

| • |     | Whether the firm’s representatives providing services to the Committee, or the firm itself, have any business or personal relationship with any of our executive officers. |

After considering all of the above factors, the Committee determined that the service provided to the Committee as an independent compensation consultant by Farient in 2024 did not raise any conflict of interest.

| Compensation Discussion and Analysis • 2025 Proxy Statement | Humana |     | 51 |

Say-on-PaySupport Our 2024 say-on-payproposal maintained strong approval with 91% of our stockholders voting in favor of the Company’s compensation strategy. We believe that the result of our 2024