Company: HUM
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-048976
Chunk: 61

Company: HUMANA INC
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 61
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. This initial award was designed to establish an important and immediate long-term equity position as our incoming CEO. In February 2024, Mr. Rechtin received an annual long-term equity incentive grant as part of the Company’s standard compensation program for its executive officers. For additional information on the Company’s long-term incentive plan and 2024 annual grants to its named executive officers, see the section titled, “Compensation Discussion and Analysis — Plan Design and Award Decisions — Long-Term Incentives — Design of Long-Term Incentives Granted in 2024” in this proxy statement. |

| (6) | In connection with joining the Company in February 2024, Mr. Dintenfass received (i) a cash sign-on payment of $6,500,000 (which Mr. Dintenfass is required to repay in full if he voluntarily leaves the Company prior to completing two years of service) and (ii) initial equity grant valued at approximately $8,500,000, comprised of 50% time-based restricted stock units and 50% stock options, with each award vesting in three equal annual installments on the first, second and third anniversary of the date of the grant. These payments and grants to Mr. Dintenfass to were intended replace certain elements of compensation to which Mr. Dintenfass was entitled or eligible in connection with his prior employment that were forfeited. Also in February 2024, Mr. Dintenfass received an annual long-term equity incentive grant as part of the Company’s standard compensation program for its executive officers. For additional information on the Company’s long-term incentive plan and 2024 annual grants to its named executive officers, see the section titled, “Compensation Discussion and Analysis — Plan Design and Award Decisions — Long-Term Incentives — Design of Long-Term Incentives Granted in 2024” in this proxy statement. |

| (7) | In connection with joining the Company in February 2023, the Company agreed to pay Dr. Shetty a cash sign-on payment of $2,200,000, with (i) $1,400,000 payable within 45 days of his start date with the Company and (ii) $550,000 payable on the first anniversary of his start date. These amounts were intended to replace certain elements of compensation to which Dr. Shetty was entitled or eligible in connection with his prior employment that were forfeited. Dr