Renaudin George II 4
4 · HUMANA INC · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
Humana (HUM) President George Renaudin Exercises Options, Withholds Shares
What Happened
- George Renaudin II, President, Insurance at Humana, recorded a conversion/exercise of a derivative on 02/24/2026 that resulted in acquiring 1,035 shares at an exercise/conversion price of $0.00 (transaction code M).
- On the same date, 419 shares were withheld/disposed to cover tax liability at $177.07 per share, totaling approximately $74,194 (transaction code F). Footnote F7 states the withheld shares were used to pay taxes on performance stock vesting and that no cash value was received in return.
Key Details
- Transaction date: 2026-02-24 (reported on Form 4 filed 2026-02-26 — filed timely).
- Acquired: 1,035 shares @ $0.00 (code M — exercise/conversion).
- Withheld/Disposed for taxes: 419 shares @ $177.07 = ~$74,194 (code F — tax withholding).
- Shares owned after transaction: not specified in the provided summary of the filing.
- Notable footnotes: F6 indicates Performance Stock Units vesting on 2/24/26; F7 confirms the 419-share disposition was to satisfy taxes on that vesting. F2/F3 reference stock option grants and F4/F5 note other plan holdings (RSUs, phantom units).
- Interpretation of codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (withholding). This withholding is not an open-market sale.
Context
- This filing reflects routine equity compensation activity (vesting/exercise and tax withholding), not an indicated open-market sale for cash. Tax-withholding by retaining shares to cover liabilities is common when restricted/performance shares vest and does not necessarily signal insider buying or selling intent.
Insider Transaction Report
Form 4
HUMANA INCHUM
Renaudin George II
President, Insurance
Transactions
- Exercise/Conversion
Humana Common
[F6]2026-02-24+1,035→ 16,494 total - Tax Payment
Humana Common
[F7][F4]2026-02-24$177.07/sh−419$74,194→ 16,075 total
Holdings
- 529(indirect: See Footnote)
Humana Common
[F1] - 4,162
Options
[F2]Exercise: $510.24Exp: 2030-02-24→ Humana Common (4,162 underlying) - 6,966
Options
[F3]Exercise: $367.21Exp: 2031-02-21→ Humana Common (6,966 underlying) - 174(indirect: See Footnote)
Phantom Stock Units
[F5]→ Humana Common (174 underlying)
Footnotes (7)
- [F1]Shares held for the benefit of reporting person as of January 31, 2026 under the Humana Retirement Savings Plan including routine payroll deductions, quarterly dividend allocation, and a routine disposition of shares to fund an administrative fee assessment under a Tax-Conditioned Plan, exempt under Rule 16b-3(c).
- [F2]Right to buy pursuant to Company's 2019 Amended & Restated Stock Incentive Plan. Incentive and Non-Qualified stock options granted to reporting person on 02/24/2023, vesting in three annual increments from 2/24/24 to 2/24/26.
- [F3]Right to buy pursuant to Company's 2019 Amended & Restated Stock Incentive Plan. Incentive and Non-Qualified stock options granted to reporting person on 02/21/2024, vesting in three annual increments from 2/21/25 to 2/21/27.
- [F4]Includes 9,059 restricted stock units representing a contingent right to receive one share of Humana Inc. common stock, exempt under Rule 16b-3(d)(1)&(3) under the Company's 2019 Amended & Restated Plan.
- [F5]Phantom Stock Units held for the benefit of reporting person as of January 31, 2026 based on the value of Humana common stock on a 1-for-1 basis, under the Humana Retirement Equalization Plan. Contributions are made once annually and reported within 2 business days of the contribution date with the transaction code "J". The ending number of units reflects normal fluctuation due to changes in stock price.
- [F6]Includes Performance Stock Units not required to be reported until vesting on 2/24/26.
- [F7]Shares disposed of represent payment for tax liability on performance stock vesting on 2/24/26. No value was received in return.
Signature
George Renaudin II|2026-02-26