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The Capital Management Corporation filed Amendment No. 1 to a Schedule 13G/A regarding its holdings of Crawford & Co common stock. The filing, triggered by an event on 12/31/2025, reports beneficial ownership of 5 percent or less of this class of securities.
The firm certifies that the Crawford & Co shares were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of the company or participating in any control-related transaction, other than activities solely related to a nomination under Rule 240.14a-11.
Crawford & Company is reorganizing how it runs its business worldwide. The company announced a new global operating structure that will be effective January 1, 2026. Under this structure, Crawford will be managed through two main operating divisions: U.S. Operations and International Operations.
The change is intended to realign the organization around its domestic and overseas activities and is described in more detail in a press release issued on January 21, 2026. That press release is included as Exhibit 99.1 to this report.
Crawford & Company entered into a new Executive Employment Agreement with Michael J. Hoberman in connection with his promotion to CEO – US Operations, effective January 1, 2026. The agreement sets an annual base salary of $475,000 starting January 1, 2026.
For 2026, Hoberman is eligible for an annual bonus under the Short Term Incentive Plan with a target payout of 57.5% of base salary, plus Long Term Incentive Plan awards targeted at $550,000. He is also entitled to a sales incentive payment equal to 0.5% of quarterly billed US service fees for the first 24 months of each sale. The full terms are contained in the employment agreement filed as an exhibit.
Crawford & Company executive Holly B. Boudreau, who serves as Executive Vice President and Chief Financial Officer, reported her beneficial ownership in the company’s common stock as of January 1, 2026. She directly holds 22,795 shares of Class A Common Stock and holds no shares of Class B Common Stock. The holdings are reported as being owned directly, with no indirect ownership structures disclosed.
Crawford & Company executive Nidhi Verma, a Senior Vice President, reported acquiring 2,868 shares of Class A common stock on 07/01/2025 at $7.25 per share. The shares were obtained through the qualified Crawford & Company Employee Stock Purchase Plan. Following this transaction, Verma beneficially owned 9,909 Class A shares as of 12/16/2025, all held as direct ownership by a single reporting person on this Form 4/A amendment.
Crawford & Company senior vice president Patrick J. Van Bakel reported insider transactions in the company’s Class A common stock. On 12/16/2025, he acquired 19,182 Class A shares at $0 per share in a transaction coded 'A', then disposed of 10,271 Class A shares at $11 per share in a transaction coded 'F'. After these transactions, he directly beneficially owned 93,056 shares of Crawford & Company Class A common stock.
Crawford & Co Executive Vice President Andrew J. Bart reported insider transactions in Class A Common Stock. On 12/16/2025, he acquired 27,401 Class A shares at $0 per share and disposed of 12,760 Class A shares at $11 per share. After these transactions, he beneficially owns 121,228 Class A Common Stock shares held directly.
Crawford & Company officer Anthony P. Belcastro, SVP-Controller, reported beneficial ownership changes in Class A common stock based on transactions dated 12/16/2025.
He acquired 3,369 Class A shares at $0 and disposed of 1,375 Class A shares at $11, resulting in 1,994 Class A shares beneficially owned directly after these transactions.
Crawford & Company executive Tami E. Stevenson, SVP–GC & Corporate Secretary, reported transactions in Class A common stock. On December 16, 2025, she acquired 8,320 Class A shares at $ 0 per share and, in a separate Code F transaction the same day, disposed of 3,704 Class A shares at $ 11 per share. Following these transactions, she directly beneficially owned 30,898 shares of Crawford & Company Class A common stock.
Crawford & Company's executive vice president and CFO, William B. Swain, reported transactions in the company’s Class A common stock dated 12/16/2025. He acquired 27,401 shares at a stated price of $0 per share and disposed of 12,203 shares at $11 per share on the same day.
After these transactions, Swain directly beneficially owned 334,529 shares of Crawford & Company Class A common stock, as reported in the filing.
