Cigna Group (NYSE: CI) EVP granted new equity awards and tax withholdings filed
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cigna Group executive Durga Prasad Koka reported new equity awards and related tax share withholdings. On February 27, 2026, he was granted an employee stock option for 4,127 shares at a price of $0.00 per share, which vests in three equal annual installments beginning March 1, 2027. He also acquired common stock through settlement of strategic performance shares for the 2023–2025 period and through restricted share grants, with vesting for certain restricted shares also starting March 1, 2027. Separate transactions show small blocks of common stock withheld at $287.55 per share to cover tax obligations on these equity awards, rather than open-market sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Koka Durga Prasad
Role
EVP, Global CIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (Right to Buy) | 4,127 | $0.00 | -- |
| Grant/Award | Common Stock, $.01 Par Value | 499 | $0.00 | -- |
| Grant/Award | Common Stock, $.01 Par Value | 2,678 | $0.00 | -- |
| Tax Withholding | Common Stock, $.01 Par Value | 122 | $287.55 | $35K |
| Tax Withholding | Common Stock, $.01 Par Value | 98 | $287.55 | $28K |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 4,127 shares (Direct);
Common Stock, $.01 Par Value — 4,823 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 option vests in three equal annual installments beginning March 1, 2027.
FAQ
What insider transactions did Cigna (CI) report for Durga Prasad Koka?
Cigna reported equity grants and tax-related withholdings for EVP and Global CIO Durga Prasad Koka. He received an option for 4,127 shares and additional common stock awards, while smaller share amounts were withheld to cover tax obligations tied to these equity settlements.
Were Durga Prasad Koka’s Cigna (CI) transactions open-market buys or sells?
The reported Cigna transactions were equity grants and tax withholdings, not open-market trades. Awards were classified as acquisitions, while Form 4 code “F” dispositions reflected shares withheld to satisfy tax liabilities on performance share settlements and restricted share vesting.