Renaudin George II 4

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.