Company: HUM
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-048976
Chunk: 26

Company: HUMANA INC
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 26
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 The Board has adopted a policy requiring that a director whose primary position or affiliation changes must promptly notify the Board and the Nominating, Governance & Sustainability Committee of the change so that a determination may be made as to the value of his or her continued service on the Board. Additional Public Company Board Service As part of its commitment to ensuring that each of our directors have the capacity to devote sufficient time and effort to his or her duties as a director, the Board has adopted a policy under which (a) a director (other than a director who is the chief executive officer of a public company) may not be a director on more than four (4) public company boards (including the Company), and (b) a Director who is the chief executive officer of a public company may not be a member of more than two (2) public company boards (including the Company). In connection with the Board and Nominating, Governance & Sustainability Committee’s annual review of director time commitments, it was noted that during a portion of 2024, Dr. Frederick served on five (5) public company boards following the initial public offering of Tempus AI, Inc. where Dr. Frederick previously served as a private company director. In order to reduce his public company board service, in February 2025 Agostini Limited announced that Dr. Frederick was taking a voluntary leave of absence from his service on its board to limit his outside board commitments, which brought Dr. Frederick’s active service to four (4) total public company boards. All of our other directors are also currently in compliance with the policy. Director Stock Ownership Policy Our Board believes that directors should be stockholders and have a significant personal financial stake in the Company. Consequently, the Board has adopted the following stock ownership guidelines for non-employeedirectors:

| • |     | Each non-employee director must maintain a minimum equity ownership level of five times the annual cash retainer. |

| • |     | Shares deferred at the election of the director are considered owned for purposes of the calculation of the ownership requirement. |

| • |     | Any Shares owned by a non-employee director (or Shares received upon the exercise of options or vesting of restricted stock or restricted stock units, less an amount to cover the exercise price and/or current tax liabilities) must be held by the director until the minimum equity ownership level is reached and thereafter maintained. |

| • |     | Once the minimum equity ownership level has been achieved, any Shares received upon the vesting of restricted stock or restricted