Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-26

Crawford & Co (CRD-B)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$1,394,129
Rohit Verma total, FY2025
10th
CEO pay percentile vs peers
24:1
CEO-to-median pay ratio
97.01%
Say-on-pay support, latest vote
Companies that benchmark against CRD-B
2 companies name CRD-B as a compensation peer

Each company listed discloses CRD-B in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named CRD-B in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Rohit Verma$805,000$0$479,159$0$0$50,501$59,469$1,394,129
Former President and Chief Executive Officer
Andrew Bart471,3440239,5740336,1930115,7871,162,898
Executive Vice President and CEO of International Operations
W. Bruce Swain498,26925,417239,5740286,06938,08138,2921,125,702
Executive Vice President and Chief Financial Officer
Michael Hoberman412,1150249,9900197,6755,197258,7371,123,714
Senior Vice President and President, TPA North America
Larry Thomas485,0000239,5740188,09538,03340,879991,581
Executive Vice President and Global President - Platform Solutions

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Rohit Verma$1,394,129$2,163,638$2,354,525−769,509
Andrew Bart1,162,8981,298,3261,371,739−135,428
W. Bruce Swain1,125,7021,119,9301,310,689+5,772
Michael Hoberman1,123,7141,216,8331,002,450−93,119
Larry Thomas991,5811,101,6361,290,556−110,055

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Tami E. StevensonSVP-GC & Corp Secy2026-05-07D10,220$9$93,544CommonForm 4 ↗
Tami E. StevensonSVP-GC & Corp Secy2026-05-07D4,0001039,600CommonForm 4 ↗
Tami E. StevensonSVP-GC & Corp Secy2026-05-07D5,0001048,750CommonForm 4 ↗
Tami E. StevensonSVP-GC & Corp Secy2026-05-07D7,0621069,914CommonForm 4 ↗
Andrew BartExecutive Vice President2026-05-18D8,0001081,080CommonForm 4 ↗
Andrew BartExecutive Vice President2026-05-18D8,0001081,066CommonForm 4 ↗
Andrew BartExecutive Vice President2026-05-18D14,00510144,478CommonForm 4 ↗
Andrew BartExecutive Vice President2026-05-18D8,0001080,881CommonForm 4 ↗
Andrew BartExecutive Vice President2026-05-22D1,9951020,692CommonForm 4 ↗
Jesse C. CrawfordGreater-than-10% holder2026-06-01D11,11100CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Andrew BartRSU2025-02-0520,424$239,574
Michael HobermanRSU2025-02-0520,424249,990
Larry ThomasRSU2025-02-0520,424239,574
W. Bruce SwainRSU2025-02-0520,424239,574
Rohit VermaRSU2025-02-0540,849479,159
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Andrew Bart$239,574$0$00.0%
Michael Hoberman249,990000.0%
Larry Thomas239,574000.0%
W. Bruce Swain239,574000.0%
Rohit Verma479,159000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Rohit VermaPSU41,186$463,343
W. Bruce SwainPSU13,685153,956
Rohit VermaPSU14,004157,545
Rohit VermaPSU27,369307,901
Andrew BartPSU13,685153,956
Michael HobermanPSU20,593231,671
W. Bruce SwainPSU20,593231,671
Andrew BartPSU20,593231,671
W. Bruce SwainPSU7,00378,784
Larry ThomasPSU20,593231,671
Larry ThomasPSU13,685153,956
Andrew BartPSU7,00378,784
Larry ThomasPSU7,00378,784
Michael HobermanPSU7,00378,784
05

Incentive-plan design — the Compensation Discussion & Analysis

The fundamental philosophy of the Compensation and Human Capital Committee (the Compensation Committee) with respect to executive compensation is to ensure that our compensation programs will enable us to attract and retain key executives critical to our long-term success, through the establishment of a performance-oriented environment that rewards the achievement of both short- and long-term strategic management goals, with the attendant enhancement of shareholder value.

CEO STI target (% of salary)100%
CEO LTI target (% of salary)
Independent consultantPay Governance LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-05-0817,553,429541,45241,32197.01%Passed
20232023-05-1217,512,908389,64717,68097.82%Passed
20212021-05-1420,283,323305,67243,14098.52%Passed
20192019-05-0820,629,76452,0434,70099.75%Passed
20172017-05-1020,624,27973,0011,476,87599.65%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20252025-05-0897.01%a
20232023-05-1297.82%b
20212021-05-1498.52%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes are not considered to be votes cast and therefore will have no effect on the outcome of the vote on these matters.”.

b. Approved under the standard stated in the filing — “With respect to Proposal 2 (advisory vote on compensation of the named executive officers) and Proposal 3 (advisory vote on frequency of future advisory votes on executive compensation), abstentions and broker non-votes are not considered to be votes cast and therefore will have no effect on the outcome of the vote on these matters.”.

c. Approved under the standard stated in the filing — “With respect to Proposal 2 (advisory vote of compensation of the named executive officers) and Proposal 3 (approval of the Company's independent registered public accounting firm), abstentions and broker non-votes are not considered to be votes cast and therefore will have no effect on the outcome of the vote on these matters.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)24 : 1
CEO total compensation$1,394,129
Median employee compensation$58,086
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Jesse C. Crawford, JrIndependent · Board Chair · Executive (Chair) · Governance$187,000$120,000$0$0$0$307,000
Fred R. DonnerIndependent · Audit (Chair) · Compensation and Human Capital100,000120,000000220,000
Inga K. BealeIndependent · Compensation and Human Capital (Chair) · Audit90,000120,000000210,000
Rahul PatelIndependent · Governance (Chair) · Executive87,500120,000000207,500
Jesse C. CrawfordIndependent · Executive · Governance · Compensation and Human Capital75,000120,000000195,000
Lisa G. HannuschIndependent · Audit · Governance75,000120,000000195,000
Cameron M. BreadyIndependent · Audit75,000120,000000195,000
Joel T. MurphyIndependent · Governance · Compensation and Human Capital75,000120,000000195,000
Amy T. ShoreIndependent · Compensation and Human Capital · Governance · Partial-year service · Newly elected42,55066,916000109,466
W. Bruce Swain, JrEmployee director · Executive · Newly elected00000
W. Bruce SwainEmployee director · Executive · Partial-year service · Newly elected00000
Rohit VermaEmployee director · Not standing for re-election · Departed during FY00000
09

Board fee structure and ownership guideline

Annual cash retainer$75,000
Annual equity retainer$120,000
Per board meeting fee$1,500
Committee chair fees (audit / comp / nom-gov)25,000 / 15,000 / 12,500
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$807,050
Equity awards (grant-date value)$1,026,916
All other compensation$0
Total cost of the board$1,833,966

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Crawford & Co names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Crawford & Co.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1CSG Systems International, Inc.2024Brian Shepherd$754,519$9,467,733$0$682,898$11,394,373
2AMN Healthcare Services, Inc.2025Cary Grace1,060,0008,363,11701,146,12510,669,780
3CBIZ, Inc.2025Jerome P. Grisko Jr.993,7505,237,6770576,0007,063,348
4Kforce Inc.2025Joseph Liberatore925,0003,217,50401,029,0635,415,821
5Barrett Business Services Inc.2025Gary Kramer887,2582,524,72301,359,2895,002,291
6True Blue, Inc.2025Taryn Owen950,0002,545,47901,118,6254,614,104
7Mistras Group, Inc.2025Natalia Shuman850,0001,971,413190,482510,0003,610,368
8Resources Connection2025Kate Duchene825,0001,832,485002,673,316
9Cross Country Healthcare, Inc.2025Kevin Clark18,2692,177,134002,355,403
10Crawford & Co2025Rohit Verma805,000479,159001,394,129
11CorVel Corporation2026Michael Combs679,3270101,716498,8091,285,043

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Crawford & Conot disclosedRSU 50 · Cash LTI 50NoPay Governance LLC
AMN Healthcare Services, Inc.87%PSU 65 · RSU 35Yes — Relative TSRFW Cook
Barrett Business Services Inc.164%not disclosedNoMercer
CBIZ, Inc.64.0%RSU 50 · PSU 50NoMeridian Compensation Partners
CorVel CorporationBetween approximately 28% and 75% of base salary across NEOs%not disclosedNonot disclosed
Cross Country Healthcare, Inc.20%RSU 60 · PSU 40NoPearl Meyer
CSG Systems International, Inc.60.3%PSU 75 · RSU 25Yes — Three-Year Relative TSRSemler Brossy
Kforce Inc.89%RSU 100Yes — Three-year TSR performance relative to Performance Peer GroupPay Governance LLC
Mistras Group, Inc.60%RSU 100NoPay Governance LLC
Resources Connectionnot disclosedPSU 50 · RSU 50Nonot disclosed
True Blue, Inc.79%RSU 50 · PSU 50NoMercer (US) LLC

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Rohit VermaDEF 14A2026-04-090001104659-26-041532Section “Summary Compensation Table”. As printed: 1,394,129. Filing ↗machine: t70 · r9 · c26 · span 575385–575394
2Section 01, Andrew BartDEF 14A2026-04-090001104659-26-041532Section “Summary Compensation Table”. As printed: 1,162,898. Filing ↗machine: t70 · r15 · c26 · span 616018–616027
3Section 01, W. Bruce SwainDEF 14A2026-04-090001104659-26-041532Section “Summary Compensation Table”. As printed: 1,125,702. Filing ↗machine: t70 · r12 · c26 · span 596266–596275
4Section 01, Michael HobermanDEF 14A2026-04-090001104659-26-041532Section “Summary Compensation Table”. As printed: 1,123,714. Filing ↗machine: t70 · r21 · c26 · span 657188–657197
5Section 01, Larry ThomasDEF 14A2026-04-090001104659-26-041532Section “Summary Compensation Table”. As printed: 991,581. Filing ↗machine: t70 · r18 · c26 · span 637359–637366
6Section 03, Andrew Bart RSUDEF 14A2026-04-090001104659-26-041532Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t70 · r15 · c11 · span 612057–612064
7Section 03, Michael Hoberman RSUDEF 14A2026-04-090001104659-26-041532Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t76 · r14 · c29 · span 791509–791516
8Section 03, Larry Thomas RSUDEF 14A2026-04-090001104659-26-041532Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t70 · r18 · c11 · span 633708–633715
9Section 03, W. Bruce Swain RSUDEF 14A2026-04-090001104659-26-041532Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t76 · r11 · c29 · span 767173–767180
10Section 03, Rohit Verma RSUDEF 14A2026-04-090001104659-26-041532Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t76 · r10 · c29 · span 759442–759449
11Section 07, pay ratioDEF 14A2026-04-090001104659-26-041532Section “CEO Pay Ratio”. As printed: 24 : 1. Filing ↗machine: t97 · span 1323672–1323737
12Section 08, Jesse C. Crawford, JrDEF 14A2026-04-090001104659-26-041532Section “Director Compensation”. As printed: 307,000. Filing ↗
13Section 08, Fred R. DonnerDEF 14A2026-04-090001104659-26-041532Section “Director Compensation”. As printed: 220,000. Filing ↗
14Section 08, Inga K. BealeDEF 14A2026-04-090001104659-26-041532Section “Director Compensation”. As printed: 210,000. Filing ↗
15Section 08, Rahul PatelDEF 14A2026-04-090001104659-26-041532Section “Director Compensation”. As printed: 207,500. Filing ↗
16Section 08, Jesse C. CrawfordDEF 14A2026-04-090001104659-26-041532Section “Director Compensation”. As printed: 195,000. Filing ↗
17Section 08, Lisa G. HannuschDEF 14A2026-04-090001104659-26-041532Section “Director Compensation”. As printed: 195,000. Filing ↗
18Section 08, Cameron M. BreadyDEF 14A2026-04-090001104659-26-041532Section “Director Compensation”. As printed: 195,000. Filing ↗
19Section 08, Joel T. MurphyDEF 14A2026-04-090001104659-26-041532Section “Director Compensation”. As printed: 195,000. Filing ↗
20Section 08, Amy T. ShoreDEF 14A2026-04-090001104659-26-041532Section “Director Compensation”. As printed: 109,466. Filing ↗machine: t41 · r16 · c15 · span 276638–276645
21Section 08, W. Bruce Swain, JrDEF 14A2026-04-090001104659-26-041532Section “Director Compensation”. As printed: 0. Filing ↗
22Section 08, W. Bruce SwainDEF 14A2026-04-090001104659-26-041532Section “Director Compensation”. As printed: 0. Filing ↗
23Section 08, Rohit VermaDEF 14A2026-04-090001104659-26-041532Section “Director Compensation”. As printed: 0. Filing ↗
24Section 02, Tami E. Stevenson 2026-05-07Form 42026-05-110000025475-26-000054Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Tami E. Stevenson 2026-05-07Form 42026-05-110000025475-26-000054Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Tami E. Stevenson 2026-05-07Form 42026-05-110000025475-26-000054Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Tami E. Stevenson 2026-05-07Form 42026-05-110000025475-26-000054Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Andrew Bart 2026-05-18Form 42026-05-200000025475-26-000057Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Andrew Bart 2026-05-18Form 42026-05-220000025475-26-000059Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Andrew Bart 2026-05-18Form 42026-05-220000025475-26-000059Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Andrew Bart 2026-05-18Form 42026-05-200000025475-26-000057Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Andrew Bart 2026-05-22Form 42026-05-260000025475-26-000061Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Jesse C. Crawford 2026-06-01Form 42026-06-020000025475-26-000063Insider equity transaction reported since the proxy statement. Filing ↗
34Section 06, 2025 voteForm 8-K2025-05-130001104659-25-047739Item 5.07 · say-on-pay result. As reported: 97.01% (votes for as printed: 17,553,429). Filing ↗
35Section 06, 2023 voteForm 8-K2023-05-160001104659-23-061284Item 5.07 · say-on-pay result. As reported: 97.82% (votes for as printed: 17,512,908). Filing ↗
36Section 06, 2021 voteForm 8-K2021-05-180001104659-21-068770Item 5.07 · say-on-pay result. As reported: 98.52%. Filing ↗
37Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
38Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
39Section 09b board cost (computed)ComputedcomputedCash 807,050 + equity 1,026,916 + all other 0 = 1,833,966, summed across the director compensation table rows.machine: formula: Σ = 1,833,966
40CSG Systems International, Inc., Section 10b CEO totalDEF 14A2025-04-010001308179-25-000330CEO total compensation as printed in CSG Systems International, Inc.'s own proxy. As printed: 11,394,373. Filing ↗machine: r1 · c29 · span 542637–542647
41AMN Healthcare Services, Inc., Section 10b CEO totalDEF 14A2026-03-180001104659-26-029908CEO total compensation as printed in AMN Healthcare Services, Inc.'s own proxy. As printed: 10,669,780. Filing ↗machine: t94 · r1 · c42 · span 1287064–1287074
42CBIZ, Inc., Section 10b CEO totalDEF 14A2026-04-020001193125-26-140188CEO total compensation as printed in CBIZ, Inc.'s own proxy. As printed: 7,063,348. Filing ↗machine: t75 · span 435337–435346
43Kforce Inc., Section 10b CEO totalDEF 14A2026-03-130000930420-26-000013CEO total compensation as printed in Kforce Inc.'s own proxy. As printed: 5,415,821. Filing ↗machine: t67 · r2 · c17 · span 598740–598749
44Barrett Business Services Inc., Section 10b CEO totalDEF 14A2026-04-200001193125-26-163963CEO total compensation as printed in Barrett Business Services Inc.'s own proxy. As printed: 5,002,291. Filing ↗machine: span 513664–513673
45True Blue, Inc., Section 10b CEO totalDEF 14A2026-04-140001999371-26-008266CEO total compensation as printed in True Blue, Inc.'s own proxy. As printed: 4,614,104. Filing ↗machine: t383 · r2 · c24 · span 1124603–1124612
46Mistras Group, Inc., Section 10b CEO totalDEF 14A2026-04-070001140361-26-013689CEO total compensation as printed in Mistras Group, Inc.'s own proxy. As printed: 3,610,368. Filing ↗machine: r2 · c25 · span 790504–790513
47Resources Connection, Section 10b CEO totalDEF 14A2025-09-040001084765-25-000144CEO total compensation as printed in Resources Connection's own proxy. As printed: 2,673,316. Filing ↗machine: r5 · c30 · span 794481–794490
48Cross Country Healthcare, Inc., Section 10b CEO totalDEF 14A2026-03-300001140361-26-011981CEO total compensation as printed in Cross Country Healthcare, Inc.'s own proxy. As printed: 2,355,403. Filing ↗machine: r2 · c19 · span 890078–890087
49Crawford & Co (subject), Section 10b CEO totalDEF 14A2026-04-090001104659-26-041532CEO total compensation as printed in Crawford & Co's own proxy. As printed: 1,394,129. Filing ↗machine: t70 · r9 · c26 · span 575385–575394
50CorVel Corporation, Section 10b CEO totalDEF 14A2026-06-260001193125-26-285509CEO total compensation as printed in CorVel Corporation's own proxy. As printed: 1,285,043. Filing ↗machine: span 348386–348395
51Section 10a, True Blue, Inc. reciprocityDEF 14A0001999371-26-008266True Blue, Inc.'s most recent proxy was read; its disclosed peer group does not include Crawford & Co. Filing ↗
52Section 10a, Mistras Group, Inc. reciprocityDEF 14A0001140361-26-013689Mistras Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Crawford & Co. Filing ↗
53Section 10a, Kforce Inc. reciprocityDEF 14A0000930420-26-000013Kforce Inc.'s most recent proxy was read; its disclosed peer group does not include Crawford & Co. Filing ↗
54Section 10a, Resources Connection reciprocityDEF 14A0001084765-25-000144Resources Connection's most recent proxy was read; its disclosed peer group does not include Crawford & Co. Filing ↗
55Section 10a, CBIZ, Inc. reciprocityDEF 14A0001193125-26-140188CBIZ, Inc. names Crawford & Co in its own disclosed peer group (read from its most recent proxy). Filing ↗
56Section 10a, AMN Healthcare Services, Inc. reciprocityDEF 14A0001104659-26-029908AMN Healthcare Services, Inc.'s most recent proxy was read; its disclosed peer group does not include Crawford & Co. Filing ↗
57Section 10a, Barrett Business Services Inc. reciprocityDEF 14A0001193125-26-163963Barrett Business Services Inc.'s most recent proxy was read; its disclosed peer group does not include Crawford & Co. Filing ↗
58Section 10a, Cross Country Healthcare, Inc. reciprocityDEF 14A0001140361-26-011981Cross Country Healthcare, Inc.'s most recent proxy was read; its disclosed peer group does not include Crawford & Co. Filing ↗