Company: HUM
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-048976
Chunk: 52

Company: HUMANA INC
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 52
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     |                     |     | $  700,000 |
| George Renaudin II      |     |                     |     | $  750,000 |

| (1) | As of October 1, 2024, Mr. Broussard’s base salary was reduced from $1,500,000 to $750,000 pursuant to the terms of his Transition & Separation Agreement with the Company. |

Short-Term Incentives Our enterprise short-term incentive (STI) is administered through the Associate Incentive Plan (AIP), a discretionary, annual cash-based incentive plan. The goal of our plan is to recognize and reward participating associates, including our executive officers, for their contributions to the Company’s overall performance, while also uniting associates around a common purpose for the year. Associate Incentive Plan The AIP plan year is effective January 1 through December 31 of each fiscal year. Associates who participate in other Company incentive plans, such as Sales Incentive/Commission Plans and Targeted Incentive Plans, are not dually eligible to participate in the AIP. Associates may not participate in more than one incentive plan. For our executive officers, the AIP is administered through the Executive Incentive Compensation Plan, as filed with the SEC on annual and quarterly reports on Form 10-Kand Form 10-Q,respectively, and can be accessed on our website. From the www.humana.comwebsite, click on “More Humana,” then click on “For Investors,” then click on “SEC Filings and Financial Reports,” and then click on “SEC Filings.” AIP payout is calculated based on Annual Base Salary (or Annualized Base Salary for hourly associates) during the AIP Performance Period, as defined under the AIP Plan Document. Annual Base Salary under AIP excludes any unpaid leave or overtime and is pro-ratedfor the number of days eligible during the plan year. Further, in the event of a pay change during the plan year, the Annual Base Salary is pro-ratedfor the number of days at each base salary, which will result in a blended base salary. Refer to section titled “2024 AIP Performance Results”for discussion of AIP payout of our Named Executive Officers. On an annual basis the Committee, in consultation with its independent compensation consultant, reviews and approves the AIP as illustrated below:

| Annual Committee AIP Approval Process                                                                                                                                                                                   |     |                                                                                                                             |     |                                                                                                                                                                                             |
| Approve