CRD.B Crawford and Company

On March 13, 2018, Crawford & Company (the “Company”) and David Brocklehurst entered into a Stock Purchase and Sale Agreement (the “Stock Repurchase Agreement”). The Stock Repurchase Agreement is entered into pursuant to the Company’s board-authorized share repurchase program. The Stock Repurchase Agreement provides that the Company will repurchase 801,472 shares of the Company’s Class A Common Stock, par value $1.00 per share, from Mr. Brocklehurst at a price of $8.21 per share, for an aggregate purchase price of $6,580,085.12 (the “Purchase Price”).    The consummation of the stock repurchase contemplated by the Stock Repurchase Agreement is expected to occur on March 23, 2018, or on such other date as is mutually agreed to by the Company and Mr. Brocklehurst (the “Closing Date”). The Company has agreed to pay the Purchase Price in four equal installments of $1,645,021.28 with interest of 3.5% per annum paid upon the second, third and fourth installments. The installment payments will be made on the following dates and in the following amounts: (i) $1,645,021.28 on the Closing Date; (ii) $1,645,021.28, plus 3.5% interest per annum thereon from the Closing Date, on or before April 30, 2018; (iii) $1,645,021.28, plus 3.5% interest per annum thereon from the Closing Date, on or before July 31, 2018; and (iv) $1,645,021.28, plus 3.5% interest per annum thereon from the Closing Date, on or before October 31, 2018.

The foregoing description of the Stock Repurchase Agreement is qualified in its entirety by reference to the Stock Repurchase Agreement, a copy of which is filed as Exhibits 10.1 to this Report and is incorporated herein by reference.