Aflac President and COO Frederick Crawford to retire Sept 30, 2024; transition to EVP in Jan 2024

AFLAC INC

Crawford steps down as President/COO Dec 31, 2023; becomes EVP Jan 1 through retirement.
Annual base salary set at $997,500 from Oct 30, 2023 through Sept 30, 2024.
Outstanding PBRS grants (43,479 shares from Feb 2022, 42,978 from Feb 2023) will vest on original schedule based on actual performance.
No future equity grants; deferred compensation plan becomes fully vested on retirement date plus 15% 2023 contribution.
Lump sum COBRA payment of $36,537 for 18 months of continued health coverage.

item 5.02

Executive movements

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Departed

Frederick J. Crawford

President and Chief Operating Officer

AFL · AFLAC INC

Effective: 2024-09-30
Filed: November 1, 2023, 7:59 PM ET

Mr. Crawford will retire from service as an employee of the Company on September 30, 2024.

Role change

Frederick J. Crawford

Executive Vice President

AFL · AFLAC INC

Effective: 2024-01-01
Filed: November 1, 2023, 7:59 PM ET

Mr. Crawford will continue to serve as President and Chief Operating Officer of Aflac Incorporated through December 31, 2023, then serve as Executive Vice President of the Company from January 1, 2024 through his retirement date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Frederick J. Crawford retired as President and Chief Operating Officer at AFLAC INC.

Action: retired
Role: President and Chief Operating Officer

Exact text from the filing

Mr. Crawford will retire from service as an employee of the Company on September 30, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Frederick J. Crawford was appointed as Executive Vice President at AFLAC INC.

Action: appointed
Role: Executive Vice President

Exact text from the filing

Mr. Crawford will continue to serve as President and Chief Operating Officer of Aflac Incorporated through December 31, 2023, then serve as Executive Vice President of the Company from January 1, 2024 through his retirement date.

View on SEC.gov

AFLAC INC filing history →

Source: SEC EDGAR

accession 0000004977-23-000174

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