Company: CRD-A
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001558370-25-004509
Chunk: 34

Company: CRAWFORD & CO
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 34
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 base salary of the CEO on an annual basis. In connection with this evaluation, the Compensation Committee performs an assessment of personal performance during the preceding year, historical and expected contributions to the Company. For both establishing and re-evaluating the base salary of the CEO, the Compensation Committee, with the assistance of its independent compensation consultant, also evaluates overall market conditions, both within the Company’s comparator group and otherwise, including competitive market data to see how the CEO’s pay level compares to that of comparable positions at other companies. Based on a variety of data (including published national surveys, recent and anticipated Company performance, discussions with the Compensation Committee, and other relevant information), the CEO annually considers and recommends to the Compensation Committee any increases in the base salaries of our other named executive officers for the next fiscal year. The following salary increases were made between 2023 and 2024.

| ​            
 ​            | ​ | ​           
 2023 Salary |       ​ | ​ | ​           
 2024 Salary |       ​ | ​ |        ​ 
 % Change | ​ |
|:-------------|:--|:------------|--------:|:--|:------------|--------:|:--|---------:|:--|
| Mr. Verma    | ​ | $           | 716,250 | ​ | $           | 803,293 |   |     12.2 | % |
| Mr. Swain    | ​ | ​           | 475,000 | ​ | ​           | 484,808 |   |      2.1 | % |
| Mr. Bart     | ​ | ​           | 426,768 | ​ | ​           | 438,757 |   |      2.8 | % |
| Mr. Thomas   | ​ | ​           | 474,500 | ​ | ​           | 484,798 |   |      2.2 | % |
| Mr. Hoberman | ​ | ​           | 365,000 | ​ | ​           | 399,327 |   |      9.4 | % |

Annual Cash Incentive Opportunity Annual cash incentive award opportunities are intended to align our annual performance and results with the compensation paid to the persons who are most responsible for such performance, and to motivate and reward achievement of operational and strategic business goals. For 2024, the Compensation Committee approved award opportunities for our executive officers, including our named executive officers. These awards were granted under the Company’s short-term incentive plan