Company: CRD-A
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001558370-25-004509
Chunk: 68

Company: CRAWFORD & CO
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 68
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 additional 1,000,000 shares of Class A Common Stock of the Company reserved for issuance under the Plan. The Shareholders initially authorized 1,000,000 shares reserved for the Plan and further authorized that any shares not delivered to or for participants under the 1996 Employee Stock Purchase Plan be transferred and be available for issuance under the 2016 Employee Stock Purchase Plan and 200,034 shares were transferred. If this proposal is approved, the Plan will have a total of 2,200,034 authorized shares. If any shares subject to purchase rights granted under the Plan are not purchased by participants, the shares covered by such purchase rights will again be available for use under the Plan.

Securities Authorized for Issuance under Equity Compensation Plans

For certain additional information concerning securities authorized for issuance under the Company’s equity compensation plans as of December 31, 2024, see the “Equity Compensation Plans” section of this Proxy Statement.

Administration and Eligibility

Offerings under the Plan are made at the discretion of the Compensation Committee. The Plan is administered by a plan administrator appointed by the Compensation Committee.

Our full-time employees (generally those who work for the Company in excess of 20 hours per week and for more than five months in a calendar year) with at least 45 days of continuous employment by the Company are eligible to participate in the Plan. However, an employee may not purchase shares under the Plan if the purchase would cause the employee to own shares of common stock representing 5% or more of the total combined voting power or value of all

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classes of the Company’s capital stock. Participation in the Plan generally ends automatically upon a participant’s termination of employment. In the event of a participant’s termination due to disability, death or retirement, he (or his beneficiary) has certain additional rights to terminate participation or acquire shares under the Plan. As of March 14, 2025, there are approximately 4,756 Company employees who are eligible for the Plan.

Purchase of Shares

The Plan permits participants to authorize at least $240 and no more than $21,000 for the purchase of Class A Common Stock during a purchase period through payroll deductions. In no event will a participant be allowed to purchase in any calendar year more than $25,000 in shares based on the share price on the first day of the purchase period. The Company uses the dollar amounts that it deducts and accumulates on behalf of each participant to purchase shares of Class A