Aflac DEF 14A: Executive Pay & Stock Awards Detailed
Ticker: AFL · Form: DEF 14A · Filed: 2025-03-20T00:00:00.000Z
Sentiment: neutral
Topics: executive-compensation, stock-awards, corporate-governance, pension-benefits
TL;DR
Aflac's 2025 DEF 14A drops: exec pay details, stock awards, pension values for 2024. Check it.
AI Summary
Aflac Inc. filed its DEF 14A on March 20, 2025, detailing executive compensation and corporate governance for the fiscal year ending December 31, 2024. The filing includes information on stock awards, pension benefits, and other compensation elements for its Named Executive Officers (NEOs) and Non-NEOs. Specific financial data related to these benefits, such as the grant date fair value of stock awards and changes in actuarial present value of pension members, are presented for the fiscal year 2024.
Why It Matters
This filing provides crucial transparency into how Aflac compensates its top executives, impacting investor confidence and corporate governance assessments.
Risk Assessment
Risk Level: medium — DEF 14A filings are routine disclosures, but they can reveal significant details about executive compensation and corporate actions that may influence stock performance.
Key Numbers
- 2024 — Fiscal Year (Data pertains to the fiscal year ending December 31, 2024.)
- 2023 — Prior Fiscal Year (Comparative data for the fiscal year ending December 31, 2023.)
Key Players & Entities
- AFLAC INC (company) — Filer
- 0000004977 (company) — Central Index Key
- 20250320 (date) — Filing Date
- 20250505 (date) — Period of Report
- 1231 (date) — Fiscal Year End
FAQ
What is the grant date fair value of stock awards granted to NEOs in fiscal year 2024?
The filing indicates 'GrantDateFairValueOfStockAwardsGrantedDuringFiscalYearMember' for NEOs, with specific dollar amounts to be detailed within the full report.
What was the change in actuarial present value of pension members for Aflac in 2024?
The DEF 14A reports on 'ChangeInActuarialPresentValueOfPensionMember' for both PEO and Non-PEO/NEO members for the fiscal year 2024.
What is the year-end value of stock awards granted during fiscal year 2024?
The filing references 'YearEndValueOfStockAwardsGrantedDuringFiscalYearMember' for fiscal year 2024, indicating a specific valuation at year-end.
What is the change in the value of vested stock awards granted in prior years for fiscal year 2024?
The DEF 14A includes data on 'ChangeInValueOfVestedStockAwardsGrantedInPriorYearsMember' for the fiscal year 2024.
When was Aflac Inc. previously known as American Family Corp?
The filing states the former company name was AMERICAN FAMILY CORP, with a date of name change on 19920306.
From the Filing
0000004977-25-000059.txt : 20250320 0000004977-25-000059.hdr.sgml : 20250320 20250320094536 ACCESSION NUMBER: 0000004977-25-000059 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 170 CONFORMED PERIOD OF REPORT: 20250505 FILED AS OF DATE: 20250320 DATE AS OF CHANGE: 20250320 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AFLAC INC CENTRAL INDEX KEY: 0000004977 STANDARD INDUSTRIAL CLASSIFICATION: ACCIDENT & HEALTH INSURANCE [6321] ORGANIZATION NAME: 02 Finance IRS NUMBER: 581167100 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-07434 FILM NUMBER: 25754736 BUSINESS ADDRESS: STREET 1: 1932 WYNNTON RD CITY: COLUMBUS STATE: GA ZIP: 31999 BUSINESS PHONE: 7063233431 MAIL ADDRESS: STREET 1: 1932 WYNNTON ROAD CITY: COLUMBUS STATE: GA ZIP: 31999 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN FAMILY CORP DATE OF NAME CHANGE: 19920306 DEF 14A 1 afl-20250319.htm DEF 14A afl-20250319 DEF 14A 0000004977 FALSE iso4217:USD xbrli:pure 0000004977 2024-01-01 2024-12-31 0000004977 2023-01-01 2023-12-31 0000004977 2022-01-01 2022-12-31 0000004977 2021-01-01 2021-12-31 0000004977 2020-01-01 2020-12-31 0000004977 1 2024-01-01 2024-12-31 0000004977 afl:ChangeInActuarialPresentValueOfPensionMember ecd:PeoMember 2024-01-01 2024-12-31 0000004977 afl:GrantDateFairValueOfStockAwardsGrantedDuringFiscalYearMember ecd:PeoMember 2024-01-01 2024-12-31 0000004977 afl:ValueOfServiceCostsAndPriorServiceCostsOfPensionBenefitsMember ecd:PeoMember 2024-01-01 2024-12-31 0000004977 afl:YearEndValueOfStockAwardsGrantedDuringFiscalYearMember ecd:PeoMember 2024-01-01 2024-12-31 0000004977 afl:ChangeInValueOfStockAwardsGrantedInPriorYearsMember ecd:PeoMember 2024-01-01 2024-12-31 0000004977 afl:ChangeInValueOfVestedStockAwardsGrantedInPriorYearsMember ecd:PeoMember 2024-01-01 2024-12-31 0000004977 afl:ChangeInActuarialPresentValueOfPensionMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0000004977 afl:GrantDateFairValueOfStockAwardsGrantedDuringFiscalYearMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0000004977 afl:ValueOfServiceCostsAndPriorServiceCostsOfPensionBenefitsMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0000004977 afl:YearEndValueOfStockAwardsGrantedDuringFiscalYearMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0000004977 afl:ChangeInValueOfStockAwardsGrantedInPriorYearsMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0000004977 afl:ChangeInValueOfVestedStockAwardsGrantedInPriorYearsMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0000004977 afl:ChangeInActuarialPresentValueOfPensionMember ecd:PeoMember 2023-01-01 2023-12-31 0000004977 afl:GrantDateFairValueOfStockAwardsGrantedDuringFiscalYearMember ecd:PeoMember 2023-01-01 2023-12-31 0000004977 afl:ValueOfServiceCostsAndPriorServiceCostsOfPensionBenefitsMember ecd:PeoMember 2023-01-01 2023-12-31 0000004977 afl:YearEndValueOfStockAwardsGrantedDuringFiscalYearMember ecd:PeoMember 2023-01-01 2023-12-31 0000004977 afl:ChangeInValueOfStockAwardsGrantedInPriorYearsMember ecd:PeoMember 2023-01-01 2023-12-31 0000004977 afl:ChangeInValueOfVestedStockAwardsGrantedInPriorYearsMember ecd:PeoMember 2023-01-01 2023-12-31 0000004977 afl:ChangeInActuarialPresentValueOfPensionMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000004977 afl:GrantDateFairValueOfStockAwardsGrantedDuringFiscalYearMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000004977 afl:ValueOfServiceCostsAndPriorServiceCostsOfPensionBenefitsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000004977 afl:YearEndValueOfStockAwardsGrantedDuringFiscalYearMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000004977 afl:ChangeInValueOfStockAwardsGrantedInPriorYearsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000004977 afl:ChangeInValueOfVestedStockAwardsGrantedInPriorYearsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000004977 afl:ChangeInActuarialPresentValueOfPensionMember ecd:PeoMember 2022-01-01 2022-12-31 0000004977 afl:GrantDateFairValueOfStockAwardsGrantedDurin