Cigna director adds 109 phantom stock units

Cigna director George Kurian increased his deferred, cash-settled phantom stock balance through a grant tied to his board retainer and dividend reinvestment.

Rhea-AI Filing Summary

Cigna Group (CI) director George Kurian reported an acquisition of 108.6642 phantom stock units on August 31, 2026 under the company’s director Deferral Plan, increasing his directly held phantom stock balance to 2,041.8523 units. These units represent voluntary deferral of a portion of his cash retainer into a hypothetical stock fund and are economically equivalent to Cigna common shares but will be settled in cash.

Insider Trade Summary

Grant/Award: 108.6642 shares

Grant/Award 1 txn

Insider Kurian George

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units F1, F2	108.6642	$276.08	$30K

Holdings After Transaction: Phantom Stock Units — 2,041.8523 contracts (Direct)

Footnotes (2)

1. F1. Under the Deferred Compensation Plan of 2005 for Directors of Cigna Corporation ("Deferral Plan"), directors may elect to defer the payment of the cash and/or common stock portion of their retainers beyond the designated payment date. The phantom stock units described in Table II represent the voluntary deferral of a portion of the reporting person's cash retainer into the hypothetical stock fund under the Deferral Plan. Each phantom stock unit is the economic equivalent of one share of The Cigna Group's common stock and will be settled in cash.
2. F2. Includes 10.7387 phantom stock units acquired pursuant to a dividend reinvestment feature of the Deferral Plan.

Key Figures

Phantom stock units acquired: 108.6642 units Dividend reinvestment phantom units: 10.7387 units Phantom stock units after transaction: 2,041.8523 units +1 more

4 metrics

Phantom stock units acquired 108.6642 units Grant/award acquisition on August 31, 2026 under the director Deferral Plan

Dividend reinvestment phantom units 10.7387 units Portion of the reported acquisition from the Deferral Plan’s dividend reinvestment feature

Phantom stock units after transaction 2,041.8523 units Total phantom stock units directly held by George Kurian following the August 31, 2026 transaction

Reference transaction value per unit $276.08 per unit Price field associated with the 108.6642 phantom stock units acquisition, footnote-qualified under the Deferral Plan

Key Terms

Phantom Stock Units, Deferred Compensation Plan of 2005 for Directors of Cigna Corporation, hypothetical stock fund, dividend reinvestment feature

4 terms

Phantom Stock Units financial

"The phantom stock units described in Table II represent the voluntary deferral"

Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.

Deferred Compensation Plan of 2005 for Directors of Cigna Corporation financial

"Under the Deferred Compensation Plan of 2005 for Directors of Cigna Corporation"

hypothetical stock fund financial

"into the hypothetical stock fund under the Deferral Plan"

dividend reinvestment feature financial

"Includes 10.7387 phantom stock units acquired pursuant to a dividend reinvestment feature"

FAQ

What did Cigna Group (CI) director George Kurian report on this Form 4?

He reported an acquisition of 108.6642 phantom stock units on August 31, 2026, received through voluntary deferral of a portion of his cash retainer into a hypothetical stock fund under Cigna’s director Deferral Plan.

How many phantom stock units does George Kurian hold in total at Cigna Group (CI)?

After the reported transaction, George Kurian directly holds 2,041.8523 phantom stock units under the director Deferral Plan, each economically equivalent to one share of Cigna Group’s common stock but ultimately settled in cash.

What portion of the new Cigna (CI) phantom stock units came from dividend reinvestment?

Of the 108.6642 phantom stock units acquired, the filing states that 10.7387 units were acquired pursuant to a dividend reinvestment feature of the Deferred Compensation Plan of 2005 for Directors of Cigna Corporation.

How do Cigna Group (CI) phantom stock units work under the Deferral Plan?

Each phantom stock unit is the economic equivalent of one Cigna common share, created when a director defers cash or stock retainer amounts into a hypothetical stock fund. These units will be settled in cash rather than in actual Cigna shares.

Was Cigna Group (CI) director George Kurian’s Form 4 transaction under a Rule 10b5-1 plan?

The filing shows the Rule 10b5-1 checkbox as not affirmed, and the footnotes describe the award as part of the Deferred Compensation Plan of 2005 for Directors, not as trades under a Rule 10b5-1 trading plan.

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Available on EDGAR 09/02/2026 - 04:24 PM Accepted by SEC EDGAR 09/02/2026 - 04:23 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kurian George

(Last) (First) (Middle)

900 COTTAGE GROVE ROAD

(Street)

BLOOMFIELD CONNECTICUT 06002

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Cigna Group [ CI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock Units(1)	(1)	08/31/2026		A		108.6642		(1)	(1)	Common Stock, $.01 Par Value	108.6642	$276.08	2,041.8523	D(2)

Explanation of Responses:

1. Under the Deferred Compensation Plan of 2005 for Directors of Cigna Corporation ("Deferral Plan"), directors may elect to defer the payment of the cash and/or common stock portion of their retainers beyond the designated payment date. The phantom stock units described in Table II represent the voluntary deferral of a portion of the reporting person's cash retainer into the hypothetical stock fund under the Deferral Plan. Each phantom stock unit is the economic equivalent of one share of The Cigna Group's common stock and will be settled in cash.

2. Includes 10.7387 phantom stock units acquired pursuant to a dividend reinvestment feature of the Deferral Plan.

Remarks:

	Tyler Gratton, attorney-in-fact	09/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)