STOCK TITAN

[Form 4] HUMANA INC Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

Kurt J. Hilzinger, a director of Humana Inc. (HUM), reported changes in beneficial ownership on Form 4. The filing shows previously held Humana common shares and restricted stock units (RSUs) that are deferred and payable 1-for-1 in common stock upon his resignation as a director. The report records 24,034 RSUs and 2,753 deferred dividend stock units previously held, and a transaction on 09/30/2025 acquiring 364 RSUs at a price of $257.7925, resulting in 15,408 shares reported as beneficially owned following the transaction. Explanations state these RSUs arise from annual director fees, dividend reinvestment, and an elected conversion of cash fees into stock units, all deferred under the company plan and claimed exempt under Rule 16(b)-3.

Kurt J. Hilzinger, direttore di Humana Inc. (HUM), ha segnalato cambiamenti nella proprietà beneficiaria nel modulo 4. La presentazione mostra azioni ordinarie Humana precedentemente possedute e unità di stock trasferite come RSU che sono differite e pagabili 1-1 in azioni ordinarie al momento delle sue dimissioni da consigliere. Il rapporto registra 24.034 RSU e 2.753 unità azionarie differite da dividendi precedentemente detenute, e una transazione del 30/09/2025 che acquisisce 364 RSU al prezzo di 257,7925 USD, risultando in 15.408 azioni riportate come possedute beneficiariamente dopo la transazione. Le spiegazioni indicano che queste RSU derivano da onorari annuali per i membri del consiglio, dal reinvestimento dei dividendi e da una conversione elettiva degli onorari in contanti in unità azionarie, tutte differite secondo il piano aziendale e dichiarate esenti ai sensi della Regola 16(b)-3.

Kurt J. Hilzinger, director de Humana Inc. (HUM), informó cambios en la propiedad beneficiosa en el Formulario 4. La presentación muestra acciones comunes de Humana poseídas anteriormente y unidades de acciones restringidas (RSU) que son diferidas y pagaderas 1-1 en acciones comunes al momento de su renuncia como director. El informe registra 24,034 RSU y 2,753 unidades de dividendos diferidos previamente poseídas, y una operación el 30/09/2025 que adquiere 364 RSU a un precio de 257,7925 USD, resultando en 15.408 acciones reportadas como poseídas beneficiosamente tras la operación. Las explicaciones indican que estas RSU provienen de honorarios anuales de director, reinversión de dividendos y una conversión electa de honorarios en efectivo en unidades de acciones, todo diferido bajo el plan de la empresa y declarado exento conforme a la Regla 16(b)-3.

Kurt J. Hilzinger, Humana Inc.(HUM) 이사의 수혜 소유 변경 사항을 Form 4에 보고했습니다. 제출서는 이사가 보유하던 Humana 보통주와 제한 주식 RSU가 이사직 사임 시 1대1 비율로 보통주로 지급되도록 연기되었음을 보여줍니다. 보고서는 24,034 RSU와 2,753 연기된 배당 주식 유닛을 기록하고 있으며, 2025년 9월 30일에 364 RSU를 257.7925달러에 취득한 거래가 있어 거래 후 보유 주식 수가 15,408주로 보고됩니다. 설명에 따르면 이 RSU는 연간 이사 보수, 배당 재투자, 현금 보수의 주식 단위 전환 선택에서 유래했으며, 모두 회사 계획에 따라 연기되었고 Rule 16(b)-3에 따라 면제로 선언되었습니다.

Kurt J. Hilzinger, administrateur de Humana Inc. (HUM), a signalé des changements dans la propriété bénéficiaire sur le formulaire 4. Le dépôt montre des actions ordinaires Humana détenues auparavant et des unités d’actions restreintes (RSU) qui sont différées et payables 1 pour 1 en actions ordinaires lors de sa démission en tant qu’administrateur. Le rapport indique 24 034 RSU et 2 753 unités d’actions différées détenues précédemment, et une opération du 30/09/2025 achetant 364 RSU à un prix de 257,7925 USD, entraînant 15 408 actions déclarées comme détenues bénéficiaires après l’opération. Les explications précisent que ces RSU proviennent des indemnités annuelles des administrateurs, du réinvestissement des dividendes et d’une conversion electe des frais en espèces en unités d’actions, toutes différées selon le plan de la société et déclarées exonérées en vertu de la Rule 16(b)-3.

Kurt J. Hilzinger, ein Direktor von Humana Inc. (HUM), hat Änderungen des wirtschaftlichen Eigentums im Formular 4 gemeldet. Die Einreichung zeigt zuvor gehaltene Humana- Stammaktien und Restricted Stock Units (RSUs), die deferiert sind und bei seinem Rücktritt als Direktor 1-zu-1 in Stammaktien ausbezahlt werden. Der Bericht verzeichnet 24.034 RSUs und 2.753 zuvor gehaltene deferred dividend stock units, und eine Transaktion am 30.09.2025, bei der 364 RSUs zu einem Preis von 257,7925 USD erworben wurden, was dazu führt, dass 15.408 Aktien nach der Transaktion als wirtschaftlich gehalten gemeldet werden. Erklärungen besagen, dass diese RSUs aus jährlichen Direktorenhonoraren, Dividendensparplänen und einer gewählten Umwandlung von Barhonoraren in Aktien-Einheiten stammen, alle gemäß dem Unternehmensplan deferiert und gemäß Rule 16(b)-3 als befreit geltend gemacht.

كيرت ج. هيلزينجر، مدير في Humana Inc. (HUM)، أبلغ عن تغييرات في الملكية المفيدة في النموذج 4. يُظهر الإبلاغ أسهم Humana العادية التي كانت مملوكة سابقاً ووحدات أسهم مقيدة (RSUs) مؤجلة وقابلة للدفع 1-1 بالأسهم العادية عند استقالته من منصبه كمدير. يسجل التقرير 24,034 RSU و2,753 وحدة أسهم مقسّمة مؤجلة مملوكة سابقاً، وتُشير صفقة في 30/09/2025 إلى اكتساب 364 RSU بسعر 257.7925 دولار، مما يؤدي إلى 15,408 سهماً يتم الإبلاغ عنها كمتعِدّلة الملكية بعد الصفقة. تذكر الشروحات أن هذه RSUs ناتجة عن أتعاب المدير السنوية، وإعادة استثمار الأرباح، وتحويل اختياري لأتعاب نقدية إلى وحدات الأسهم، وكلها مؤجلة وفقاً لخطة الشركة ومعلَن عنها كمعفاة وفق Rule 16(b)-3.

Kurt J. Hilzinger,Humana Inc.(HUM)的董事,已在 Form 4 中报告了受益所有权的变动。 申报显示先前持有的 Humana 普通股和受限股票单位(RSU)被延迟并在他辞任董事时按1:1的比例以普通股给付。报告记录了先前持有的 24,034 份 RSU 和 2,753 份递延股息单位,并且在 2025-09-30 发生一笔交易,取得 364 份 RSU,价格为 257.7925 美元,交易后报告的实益拥有股票为 15,408 股。说明指出这些 RSU 来自年度董事酬金、股息再投資,以及以现金酬金转换成股票单位的选举转换,全部按照公司计划递延并根据 Rule 16(b)-3 声明豁免。

Positive
  • Director compensation converted into equity through RSUs, aligning director interests with shareholders via deferred stock units payable 1-for-1 in common stock
  • Clear disclosure of amounts and exemption basis (Rule 16(b)-3) with specific transaction detail: 364 RSUs acquired at $257.7925 on 09/30/2025
Negative
  • None.

Insights

TL;DR: Routine director compensation deferrals reported; no unusual trading or material disposition indicated.

The Form 4 documents standard director remuneration elections: annual fees, dividend reinvestment, and conversion of cash fees into restricted stock units deferred under Humana's plan. The acquisition of 364 RSUs at $257.7925 appears to reflect an elective deferral rather than open-market trading. These transactions are exempted under Rule 16(b)-3, which is consistent with standard insider compensation administration and presents limited immediate governance or liquidity implications for investors.

TL;DR: Non-material insider share movement; changes arise from compensation mechanics, not a market-directional trade.

The filing lists aggregated RSUs and deferred dividend units and records the addition of 364 RSUs on 09/30/2025 at $257.7925. The reported holdings and mechanistic deferrals do not indicate disposal of significant common stock or a change in control. For investors, this is a routine disclosure of director compensation converted into equity units under the company's plan.

Kurt J. Hilzinger, direttore di Humana Inc. (HUM), ha segnalato cambiamenti nella proprietà beneficiaria nel modulo 4. La presentazione mostra azioni ordinarie Humana precedentemente possedute e unità di stock trasferite come RSU che sono differite e pagabili 1-1 in azioni ordinarie al momento delle sue dimissioni da consigliere. Il rapporto registra 24.034 RSU e 2.753 unità azionarie differite da dividendi precedentemente detenute, e una transazione del 30/09/2025 che acquisisce 364 RSU al prezzo di 257,7925 USD, risultando in 15.408 azioni riportate come possedute beneficiariamente dopo la transazione. Le spiegazioni indicano che queste RSU derivano da onorari annuali per i membri del consiglio, dal reinvestimento dei dividendi e da una conversione elettiva degli onorari in contanti in unità azionarie, tutte differite secondo il piano aziendale e dichiarate esenti ai sensi della Regola 16(b)-3.

Kurt J. Hilzinger, director de Humana Inc. (HUM), informó cambios en la propiedad beneficiosa en el Formulario 4. La presentación muestra acciones comunes de Humana poseídas anteriormente y unidades de acciones restringidas (RSU) que son diferidas y pagaderas 1-1 en acciones comunes al momento de su renuncia como director. El informe registra 24,034 RSU y 2,753 unidades de dividendos diferidos previamente poseídas, y una operación el 30/09/2025 que adquiere 364 RSU a un precio de 257,7925 USD, resultando en 15.408 acciones reportadas como poseídas beneficiosamente tras la operación. Las explicaciones indican que estas RSU provienen de honorarios anuales de director, reinversión de dividendos y una conversión electa de honorarios en efectivo en unidades de acciones, todo diferido bajo el plan de la empresa y declarado exento conforme a la Regla 16(b)-3.

Kurt J. Hilzinger, Humana Inc.(HUM) 이사의 수혜 소유 변경 사항을 Form 4에 보고했습니다. 제출서는 이사가 보유하던 Humana 보통주와 제한 주식 RSU가 이사직 사임 시 1대1 비율로 보통주로 지급되도록 연기되었음을 보여줍니다. 보고서는 24,034 RSU와 2,753 연기된 배당 주식 유닛을 기록하고 있으며, 2025년 9월 30일에 364 RSU를 257.7925달러에 취득한 거래가 있어 거래 후 보유 주식 수가 15,408주로 보고됩니다. 설명에 따르면 이 RSU는 연간 이사 보수, 배당 재투자, 현금 보수의 주식 단위 전환 선택에서 유래했으며, 모두 회사 계획에 따라 연기되었고 Rule 16(b)-3에 따라 면제로 선언되었습니다.

Kurt J. Hilzinger, administrateur de Humana Inc. (HUM), a signalé des changements dans la propriété bénéficiaire sur le formulaire 4. Le dépôt montre des actions ordinaires Humana détenues auparavant et des unités d’actions restreintes (RSU) qui sont différées et payables 1 pour 1 en actions ordinaires lors de sa démission en tant qu’administrateur. Le rapport indique 24 034 RSU et 2 753 unités d’actions différées détenues précédemment, et une opération du 30/09/2025 achetant 364 RSU à un prix de 257,7925 USD, entraînant 15 408 actions déclarées comme détenues bénéficiaires après l’opération. Les explications précisent que ces RSU proviennent des indemnités annuelles des administrateurs, du réinvestissement des dividendes et d’une conversion electe des frais en espèces en unités d’actions, toutes différées selon le plan de la société et déclarées exonérées en vertu de la Rule 16(b)-3.

Kurt J. Hilzinger, ein Direktor von Humana Inc. (HUM), hat Änderungen des wirtschaftlichen Eigentums im Formular 4 gemeldet. Die Einreichung zeigt zuvor gehaltene Humana- Stammaktien und Restricted Stock Units (RSUs), die deferiert sind und bei seinem Rücktritt als Direktor 1-zu-1 in Stammaktien ausbezahlt werden. Der Bericht verzeichnet 24.034 RSUs und 2.753 zuvor gehaltene deferred dividend stock units, und eine Transaktion am 30.09.2025, bei der 364 RSUs zu einem Preis von 257,7925 USD erworben wurden, was dazu führt, dass 15.408 Aktien nach der Transaktion als wirtschaftlich gehalten gemeldet werden. Erklärungen besagen, dass diese RSUs aus jährlichen Direktorenhonoraren, Dividendensparplänen und einer gewählten Umwandlung von Barhonoraren in Aktien-Einheiten stammen, alle gemäß dem Unternehmensplan deferiert und gemäß Rule 16(b)-3 als befreit geltend gemacht.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
HILZINGER KURT J

(Last) (First) (Middle)
HUMANA INC.
500 W. MAIN STREET

(Street)
LOUISVILLE KY 40202

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
HUMANA INC [ HUM ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Humana Common 19,448 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units(1) (1) (1) (1) Humana Common 24,034 24,034(1) D
Restricted Stock Units(2) (2) (2) (2) Humana Common 2,753 2,753 D
Restricted Stock Units(3) (3) 09/30/2025 A 364 (3) (3) Humana Common 364 $257.7925 15,408 D
Explanation of Responses:
1. Annual Director's fee payable in stock units which have been deferred at the election of the Reporting Person until his resignation of services as a director at which time the stock units will be payable in Humana Inc. common stock on a 1-for-1 basis, exempt pursuant to Rule 16(b)-3(d)(1). Includes 783 restricted stock units which represent 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.
2. Director's dividend payment reinvested into stock units on vested and deferred stock units, deferred in accordance with the Plan until his resignation of services as a director at which time the deferred dividend stock units will be payable in Humana Inc. common stock on a 1-for-1 basis, exempt pursuant to Rule16(b)-3(d).
3. Director's cash fee elected to be converted into stock units, deferred at the election of the Reporting Person during a designated enrollment period in the year preceding the reported transactions. Stock units will be payable in Humana Inc. common stock on a 1-for-1basis, exempt pursuant to Rule 16(b)-3(d)(1), per the Director's election.
Kurt J. Hilzinger 10/02/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Humana director Kurt J. Hilzinger report on Form 4 (HUM)?

He reported holdings of restricted stock units and deferred dividend units and the acquisition of 364 RSUs on 09/30/2025 at a price of $257.7925.

How many restricted stock units did Hilzinger have before the reported transaction?

The filing lists 24,034 RSUs and 2,753 deferred dividend stock units referenced in the explanations as previously held or vested/deferred units.

What is the nature of the reported RSUs and when are they payable?

The RSUs are director fees and dividend reinvestments deferred at the reporting person's election and are payable in Humana common stock on a 1-for-1 basis upon his resignation as a director.

Is the transaction considered an open-market trade?

No. The filing indicates the units arise from director compensation elections and dividend reinvestment, and the transactions are described as exempt under Rule 16(b)-3.

What ownership total is reported following the transaction?

The Form 4 shows 15,408 shares of Humana common stock reported as beneficially owned following the reported transaction(s).
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