Company: CRD-A
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001558370-25-004509
Chunk: 37

Company: CRAWFORD & CO
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 37
---
 ​                           | ​ |                     ​ | ​ |                     ​ | ​ |
| ​                           |   |  Threshold Goal (as a |   |    Maximum Goal (as a |   |
| ​                           | ​ | percentage of target) | ​ | percentage of target) |   |
| Revenue                     |   |                    95 | % |                   110 | % |
| Adjusted Operating Earnings |   |                    90 | % |                   115 | % |
| Adjusted Operating Margin   | ​ |                    95 | % |                   110 | % |

In addition, a funding threshold was added to the plan which must be met for any STIP payment to be made. The funding threshold required the Company to achieve a minimum of $68,600,000 in operating earnings and $1,172,600,000 in revenue in 2024. Any performance below these funding thresholds would reduce the total STIP pool available for payout to participants dollar for dollar. These metrics were measured at and applied on a Company-wide and segment specific basis. For all the named executive officers, 100% of their award opportunities were allocated to the achievement of these metrics, based on overall performance. With respect to the total company revenue portion of the award, the target performance goal was below target but above threshold which resulted in funding of 90.3%, with respect to the total company operating earnings portion of the award, the threshold performance goal was below target but above threshold which resulted in funding of 31.1%, and with respect to the total company operating margin portion of the award, performance was below threshold which resulted in funding of 0%. Based on the 90.3% payout achievement on the revenue metric, 31.1% achievement on the operating earnings metric, and 0% on the operating margin metric, the overall achievement factor was 38.2% of target for those measured on a total company basis. The following tables set forth the applicable threshold, target and maximum performance goals, and actual performance, for the corporate-wide metrics in 2024 which applied to Mr. Verma and Mr. Swain.

| ​                             
 Corporate                     | ​ | ​         
 Threshold |         ​ | ​ | ​      
 Target |         ​ | ​ | ​       
 Maximum |         ​ | ​ | ​          
 Actual (1) |         ​ | ​ 
 ​ |
|:------------------------------|:--|:----------|----------:|:--|:-------|----------:|:--|:--------|