Cigna Group (CI) executive sells shares and receives new stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cigna Group executive Neville Everett reported several equity transactions involving company stock. On March 2, he completed an open-market sale of 1,719 common shares at a price of $288.91 per share under a pre-arranged Rule 10b5-1 trading plan adopted on May 22, 2025.
On February 27, he received equity awards tied to company performance and compensation programs, including 2,602 and 2,678 common shares granted at no cost and 4,127 employee stock options that vest in three equal annual installments beginning March 1, 2027. Some common shares (883 and 517) were withheld to cover tax obligations upon settlement of strategic performance shares and vesting of restricted shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,719 shares ($496,636)
Net Sell
6 txns
Insider
Neville Everett
Role
See Remarks
Sold
1,719 shs ($497K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, $.01 Par Value | 1,719 | $288.91 | $497K |
| Grant/Award | Employee Stock Option (Right to Buy) | 4,127 | $0.00 | -- |
| Grant/Award | Common Stock, $.01 Par Value | 2,602 | $0.00 | -- |
| Grant/Award | Common Stock, $.01 Par Value | 2,678 | $0.00 | -- |
| Tax Withholding | Common Stock, $.01 Par Value | 883 | $287.55 | $254K |
| Tax Withholding | Common Stock, $.01 Par Value | 517 | $287.55 | $149K |
Holdings After Transaction:
Common Stock, $.01 Par Value — 5,670 shares (Direct);
Employee Stock Option (Right to Buy) — 4,127 shares (Direct)
Footnotes (1)
- The reported securities are shares of common stock received pursuant to the settlement of strategic performance shares for the 2023-2025 three-year performance period. The number of shares of common stock received was based upon actual performance against pre-established Company performance goals. These restricted shares vest in three equal annual installments beginning March 1, 2027. Represents shares withheld to satisfy tax obligations upon settlement of strategic performance shares. Represents shares withheld to satisfy tax obligations upon vesting of restricted shares. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 22, 2025. This option vests in three equal annual installments beginning March 1, 2027.
FAQ
What insider transactions did Neville Everett report at Cigna Group (CI)?
Neville Everett reported an open-market sale of 1,719 Cigna Group common shares and several equity awards, including restricted stock and employee stock options. Some shares were also withheld to satisfy tax obligations related to performance-based and restricted share settlements.
What stock awards did Neville Everett receive from Cigna Group (CI)?
Neville Everett received 2,602 and 2,678 Cigna Group common shares as equity awards at no cost, plus 4,127 employee stock options. These awards relate to performance periods and compensation programs and include vesting schedules beginning March 1, 2027 for the options.
What is the vesting schedule for Neville Everett’s new Cigna (CI) equity awards?
Neville Everett’s newly granted employee stock options vest in three equal annual installments beginning March 1, 2027. Certain restricted share awards are also scheduled to vest in three equal annual installments starting the same date, aligning with Cigna’s long-term incentive structure.