Company: HUM
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-048976
Chunk: 76

Company: HUMANA INC
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 76
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 Discussion and Analysis” section of this proxy statement, the Organization & Compensation Committee believes that current levels of compensation are appropriate based on the Committee’s multifaceted review. Methodology Considerations Our 2024 CEO pay ratio was calculated in compliance with the requirements set forth in Item 402(u) of Regulation S-K.Outlined below is the process that was applied for identifying our median employee (or median associate) for our comparative compensation analysis of the median associate to our CEO. Associate Population and Median Associate We identified the median associate using 64,063 global full-time, part-time, temporary and seasonal associates employed as of December 31, 2024, which excludes approximately 519 associates who joined us during 2024 as a result of acquisitions and business combinations, as well as 1,094 associates from the Dominican Republic (representing less than 5% of our associate base) in accordance with SEC rules. To identify the median associate within our associate population, we reviewed W-2statements for the period ended December 31, 2024, and consistently applied these earnings as the compensation measure, except for the addition of the final 2024 Associate Incentive Plan (AIP) payment to our median associate, which is earned in 2024 but payable during 2025. We then calculated our median associate’s compensation in the same manner as the Named Executive Officers in the Summary Compensation Table. CEO Assessment For the purpose of calculating our Chief Executive Officer’s total annual compensation used to determine our CEO pay ratio, as permitted by SEC rules, we selected the compensation of Mr. Rechtin, who became our Chief Executive Officer on July 1, 2024, and was serving in the role as Chief Executive Officer on December 31, 2024, the determination date for identifying our median associate. We then annualized the compensation disclosed for Mr. Rechtin in the Summary Compensation Table by (i) assuming that Mr. Rechtin received Salary payments of $1,250,000 in 2024, his annual base salary as of December 31, 2024; (ii) assuming that Mr. Rechtin received Non-EquityIncentive Plan Compensation of $2,375,000, which represents the AIP payment that Mr. Rechtin would have received under the formula discussed within the “Compensation Discussion and Analysis” section of this proxy statement if Mr. Rechtin’s base salary had been $1,250,000 for all of 2024; and