Humana (NYSE: HUM) grants director $200,000 in restricted stock units

Rhea-AI Filing Summary

Smith Paul John reported acquisition or exercise transactions in this Form 4 filing.

Humana Inc. director Paul John Smith received an initial grant of restricted stock units under the company’s 2026 Stock Incentive Plan and annual Director Compensation Program. The award covers 544 restricted stock units, valued at $200,000, each representing a contingent right to receive one share of Humana common stock, and will be forfeited in its entirety if his board service is less than one year.

Insider Trade Summary

Net Buyer: 544 shares

Net Buy 1 txn

Insider Smith Paul John

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Humana Common F2, F1	544	$0.00	$0.00

Holdings After Transaction: Humana Common — 544 shares (Direct)

Footnotes (2)

1. F1. Right to receive one share per restricted stock unit pursuant to the Company's 2026 Stock Incentive Plan. Includes 544 restricted stock units representing a contingent right to receive one share of Humana Inc. common stock, exempt under Rule 16b-3(d)(1) & (3).
2. F2. Initial award of $200,000 worth of restricted stock units pursuant to the annual Director Compensation Program. Award will be forfeited in its entirety if service is less than one year.

Key Figures

Restricted stock units granted: 544 units Award grant value: $200,000 Units outstanding after grant: 544 units

3 metrics

Restricted stock units granted 544 units Initial award of restricted stock units to director Paul John Smith

Award grant value $200,000 Initial award of restricted stock units under annual Director Compensation Program

Units outstanding after grant 544 units Restricted stock units representing contingent right to receive Humana common shares

Key Terms

restricted stock units, annual Director Compensation Program, Rule 16b-3(d)(1) & (3), contingent right

4 terms

restricted stock units financial

"Includes 544 restricted stock units representing a contingent right to receive one share"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

annual Director Compensation Program financial

"Initial award of $200,000 worth of restricted stock units pursuant to the annual Director Compensation Program"

Rule 16b-3(d)(1) & (3) regulatory

"exempt under Rule 16b-3(d)(1) & (3)"

contingent right financial

"representing a contingent right to receive one share of Humana Inc. common stock"

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Available on EDGAR 08/04/2026 - 04:52 PM Accepted by SEC EDGAR 08/04/2026 - 04:52 PM Learn about SEC filing dates

FAQ

What equity award did Humana (HUM) director Paul John Smith receive?

Paul John Smith received 544 restricted stock units valued at $200,000 as an initial director award. Each unit represents a contingent right to one Humana common share, granted under the 2026 Stock Incentive Plan and the annual Director Compensation Program.

How many Humana (HUM) shares are covered by Paul John Smith’s new award?

The award covers 544 restricted stock units, each tied to one Humana common share. These units represent a contingent right to shares rather than current share ownership and are reported as non-derivative holdings after the transaction.

What is the dollar value of Paul John Smith’s Humana (HUM) restricted stock grant?

The initial grant is valued at $200,000 in restricted stock units under Humana’s annual Director Compensation Program. This valuation defines the size of the equity award rather than specifying a per-share grant price in the disclosure.

What are the forfeiture conditions for Paul John Smith’s Humana (HUM) RSUs?

The $200,000 award of 544 restricted stock units will be forfeited in its entirety if his board service is less than one year. This condition links vesting to continued service on Humana’s board for at least a full year.

Under which plan were Paul John Smith’s Humana (HUM) restricted stock units granted?

The restricted stock units were granted under Humana’s 2026 Stock Incentive Plan and its annual Director Compensation Program. Together, these govern the structure, value, and service-based forfeiture terms of his equity award.

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Smith Paul John

(Last) (First) (Middle)

HUMANA INC.

101 E. MAIN STREET

(Street)

LOUISVILLE KENTUCKY 40202

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	08/01/2026		A		544(2)	A	$0	544(1)(2)	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

Explanation of Responses:

1. Right to receive one share per restricted stock unit pursuant to the Company's 2026 Stock Incentive Plan. Includes 544 restricted stock units representing a contingent right to receive one share of Humana Inc. common stock, exempt under Rule 16b-3(d)(1) & (3).

2. Initial award of $200,000 worth of restricted stock units pursuant to the annual Director Compensation Program. Award will be forfeited in its entirety if service is less than one year.

	Paul J. Smith	08/04/2026
	** 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.
* Form 4: SEC 1474 (03-26)