Company: HUM
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-048976
Chunk: 62

Company: HUMANA INC
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 62
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. Shetty is required to repay these amounts in full if he voluntarily leaves the Company prior to completing three years of service. |

| 66 |     | Humana | 2025 Proxy Statement • Executive Compensation |

| (8) | During 2024, Mr. Rechtin transitioned into the role of Chief Executive Officer, replacing Mr. Broussard who served as the Company’s CEO for the previous 13 years. As part of this CEO transition process, the Company’s Board of Directors and Organization and Compensation Committee believed that it was in the best interests of the Company to ensure continuity for the organization by caring for the retention of certain members of the Company’s management team. To assist in these retention efforts, the Organization and Compensation Committee approved the grant of one-time equity awards to certain members of the management team, in addition to the equity grants received as part of the Company’s long-term incentive plan. Each one-time award was comprised of time-based restricted that vest in full three-years following the grant date of the award. Among our named executive officers, Ms. Diamond received an award of $4,000,000, Dr. Shetty received an award of $2,000,000, and Mr. Renaudin received an award of $2,000,000. For additional information on these awards, 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” in this proxy statement. |

| (9) | In connection with his transition from the role of Chief Executive Officer, Mr. Broussard entered into an agreement with the Company (the “Broussard Agreement”) under which he agreed to continue to provide strategic advisory services after his transition date until March 1, 2025. For additional information on the Broussard Agreement, see the section titled, “Potential Payments Upon Termination or Change in Control of the Company —Mr. Broussard’s Transition Agreement” in this proxy statement. |

| (10) | In connection with her transition from the role of Chief Financial Officer, Ms. Diamond entered into an agreement with the Company (the “Diamond Agreement”) under which she agreed to continue to provide strategic advisory services after her transition date until December 31, 2025. For additional information on the Diamond Agreement, see the section titled, “Potential Payments