Company: HUM
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-048976
Chunk: 59

Company: HUMANA INC
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 59
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 $ 2,312,321 |
| George Renaudin II      |     |     $ 2,451,127 |

| Executive Compensation • 2025 Proxy Statement | Humana |     | 65 |

| (2) | The amounts listed under the “Option Awards” column in the Summary Compensation Table above disclose the aggregate grant date fair value of stock option awards granted in fiscal years 2022, 2023 and 2024, calculated in accordance with FASB ASC Topic 718, “Compensation — Stock Compensation.” Note 14 to the Notes to Consolidated Financial Statements of our Annual Report on Form 10-K for the year ended December 31, 2024, describes the assumptions used to determine the grant date fair value for overall Company stock options. |

The assumptions used for valuing the Named Executive Officers’ stock options as a group, applying the Black-Scholes methodology, were as follows:

|                                           |     | 2024 |   |       |   |     | 2023 |   |        |   |     | 2022 |   |        |   |
|:------------------------------------------|:----|:-----|:--|------:|:--|:----|:-----|:--|-------:|:--|:----|:-----|:--|-------:|:--|
| Weighted Average Fair Value at Grant Date |     |      | $ | 96.42 |   |     |      | $ | 130.74 |   |     |      | $ | 113.35 |   |
| Expected Option Life (Years)              |     |      |   |   3.5 |   |     |      |   |    3.0 |   |     |      |   |    3.6 |   |
| Expected Volatility                       |     |      |   |  28.8 | % |     |      |   |   31.6 | % |     |      |   |   36.1 | % |
| Risk Free Interest Rate                   |     |      |   |   4.3 | % |     |      |   |    4.5 | % |     |      |   |    1.8 | % |
| Dividend Yield                            |     |      |   |   0.9 | % |     |      |   |