Company: CRD-A
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001558370-25-004509
Chunk: 39

Company: CRAWFORD & CO
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 39
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25

Long-Term Incentive Opportunity for 2024 The Compensation Committee designed the Company’s long-term incentive compensation program with a goal of incentivizing management towards creating long-term shareholder value. For 2024, long-term incentive plan (“LTIP”) award opportunities were granted to our NEOs under the terms of the Crawford & Company 2016 Omnibus Stock and Incentive Plan (the “Omnibus Stock Plan”), and, if earned, were payable in shares of the Company’s Class A Common Stock or cash, based on the executive’s election at the time of grant. Final payments pursuant to LTIP awards are at the discretion of the Compensation Committee. The 2024 LTIP awards were based on a target award value, 50% of which were granted as performance share units conditioned on Company performance, described below (the “Performance Award”), and 50% of which were granted as time vested restricted stock units which vest ratably over three years based on the continued employment of the executive (the “Time Vested Award”). Each vehicle can be settled in shares or cash at the participant’s election. The target value and breakout by award vehicle for each named executive officer are set forth below.

| ​            
 ​            
 ​            | ​ | ​                
 ​                
 Target Value ($) |         ​ 
         ​ | ​ | ​                
 Performance      
 Vested Award 50% |       ​ | ​ 
 ​ | ​           
 Time Vested 
 Award 50%   |       ​ |
|:-------------|:--|:-----------------|----------:|:--|:-----------------|--------:|:--|:------------|--------:|
| Mr. Verma    | ​ | $                | 1,000,000 | ​ | $                | 500,000 | ​ | $           | 500,000 |
| Mr. Swain    |   | ​                |   500,000 |   | ​                | 250,000 |   | ​           | 250,000 |
| Mr. Bart     |   | ​                |   500,000 |   | ​                | 250,000 |   | ​           | 250,000 |
| Mr. Thomas   |   | ​                |   500,000 |   | ​                | 250,000 |   | ​           | 250,000 |
| Mr. Hoberman |   | ​                |   500,000 |   | ​