Management Change/Compensation – Form 8-K

U.S. Markets (Alternative Disclosure) via PUBT

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Aflac Incorporated (the "Company") was notified on December 5, 2023, that June P. Howard, Senior Vice President and Chief Accounting Officer of the Company, will retire from these positions effective December 31, 2023. The Company has appointed Robin Blackmon as Senior Vice President and Chief Accounting Officer of the Company, effective January 1, 2024.

Ms. Blackmon, age 60, has served as the Company's Vice President and Deputy Chief Accounting Officer since January 2023. She is responsible for financial reporting, investment accounting, corporate financial planning and analysis, accounting policy and investment advisory.

Ms. Blackmon joined the Company's subsidiary, American Family Life Assurance Company of Columbus ("Aflac"), in May 2011 and has held various positions with Aflac and the Company in Finance and Human Resources. Most recently, she served as Director, Executive Compensation of Aflac between June 2016 and February 2018, Director, Corporate HR and Executive Compensation of the Company between February 2018 and April 2019, Director, Corporate Financial Planning & Analysis of the Company between May 2019 and December 2019, and Vice President, Corporate Financial Planning & Analysis of the Company between January 2020 and December 2022. In the 10 year period before joining Aflac, Ms. Blackmon also held positions in Finance and Human Resources at other companies, including working as an auditor with Ernst & Young.

Beginning January 1, 2024, Ms. Blackmon's initial base salary will be $400,000 and she will be eligible for a target annual bonus of 65% of her base salary. Ms. Blackmon is also expected to receive an equity award in February 2024 with a grant-date value of approximately $400,000 in the form of performance-based restricted stock, with vesting contingent upon the Company's achievement of performance goals over a three-year period.

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Aflac Incorporated published this content on 08 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 December 2023 21:34:47 UTC.