Company: HUM
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-048976
Chunk: 39

Company: HUMANA INC
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 39
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 service related to the retainer and will be pro-rated for any service of less than the full year in respect of which the award is granted. |

| (3) | The initial award of restricted stock units is forfeited if the director serves less than one year on the Company’s Board of Directors. This initial award is in lieu of the annual common stock retainer for the year in which the director was first elected to the Board, but the director would receive the annual common stock retainer commencing in January of the year following election. |

| (4) | Pursuant to our revised Directors Stock Retention Policy, each non-employee director must maintain a minimum equity ownership level of five times the annual cash retainer. For additional information, please refer to “Corporate Governance — Corporate Governance Policies — Director Stock Ownership Guidelines” in this proxy statement. |

| (5) | Pursuant to the Company’s 2019 Amended and Restated Stock Incentive Plan, in no event shall any non-employee director of the Company be granted Awards that would result in total compensation for such director in connection with their service on the Company’s Board of Directors in excess of (a) with respect to a non-employee director, $1,000,000, and (b) with respect to a non-employee Chairman of the Board, $1,500,000, in each case, in any calendar year. |

| (6) | Coverage amount decreases 50% at age 70. |

| 38 |     | Humana | 2025 Proxy Statement • Director Compensation |

2024 Compensation of Our Directors The following table shows the compensation earned by our non-employeedirectors in connection with their service on our Board of Directors during all or a portion of the 2024 fiscal year:

| Name(1)(2)(3)               |     | Fees                   
 Earned                 
 or Paid in Cash ($)(4) |     |         |     | Stock Awards  ($)(4)(5)(6)(7) |     |         |     | Option  Awards  ($) |     |   |     | Non-Equity Incentive Plan  Compensation  ($) |     |   |     | Change in                           
 Pension Value and                   
 Nonqualified                        
 Deferred  Compensation  Earnings($) |     |   |     | All Other  Compensation  ($)(8) |