Cigna exec adds phantom stock in deferred plan

Q: What did Cigna Group (CI) executive Bryan Holgerson report in this Form 4?

He reported grants of phantom stock units on three dates in July and August 2026 under Cigna’s Executive Deferred Compensation Plan, plus an updated holding of 735.9274 CI common shares held indirectly through The Cigna Group’s 401(k) Plan.

Q: How many phantom stock units did Bryan Holgerson acquire tied to CI?

He acquired 0.8873 phantom stock units on 2026-07-09, 0.9458 units on 2026-07-23, and 0.9837 units on 2026-08-06. Each unit is economically equivalent to one share of Cigna Group common stock and will be settled in cash.

Q: What are the per-unit values of the phantom stock units reported for CI?

The reported per-unit values were $291.80 for 0.8873 units on 2026-07-09, $286.29 for 0.9458 units on 2026-07-23, and $275.25 for 0.9837 units on 2026-08-06, as referenced in connection with the deferred compensation awards.

Q: How many Cigna Group (CI) common shares does Bryan Holgerson hold via the 401(k) Plan?

He reports indirect ownership of 735.9274 CI common shares, held “By 401(k)” through The Cigna Group’s 401(k) Plan. A footnote explains these shares reflect ongoing participation in the plan.

Q: Will Bryan Holgerson’s phantom stock units in CI be paid in stock or cash?

The filing states that each phantom stock unit is the economic equivalent of one Cigna Group common share but will be settled in cash in accordance with The Cigna Group Executive Deferred Compensation Plan.

Cigna Group (CI) reported that executive Bryan Holgerson received small additional awards of phantom stock units linked to Cigna common stock.

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Form Type

Rhea-AI Filing Summary

Cigna Group (CI) reported that executive Bryan Holgerson received small additional awards of phantom stock units linked to Cigna common stock. On 2026-07-09, 2026-07-23, and 2026-08-06 he acquired 0.8873, 0.9458, and 0.9837 units, respectively, under the Executive Deferred Compensation Plan, which are economically equivalent to CI shares but will be settled in cash. He also reports indirect ownership of 735.9274 CI common shares held through The Cigna Group's 401(k) Plan.

Insider Trade Summary

Grant/Award: 2.8168 shares

Grant/Award 4 txns

Insider Holgerson Bryan

Role See Remarks

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units ^F2	0.9837	$275.25	$270.76
Grant/Award	Phantom Stock Units ^F2	0.9458	$286.29	$270.77
Grant/Award	Phantom Stock Units ^F2	0.8873	$291.80	$258.91
holding	Common Stock, $.01 Par Value ^F1	--	--	--

Holdings After Transaction: Phantom Stock Units — 944.6253 contracts (Direct); Common Stock, $.01 Par Value — 735.9274 shares (Indirect, By 401(k))

Footnotes (2)

F1. Represents shares acquired through ongoing participation in The Cigna Group's 401(k) Plan.
F2. Each phantom stock unit is the economic equivalent of one share of The Cigna Group's common stock and will be settled in cash in accordance with the terms of The Cigna Group Executive Deferred Compensation Plan. The reporting person may transfer his interests in The Cigna Group stock fund into an alternative investment fund.

Key Figures

Phantom stock units acquired: 0.9837 units Phantom stock units acquired: 0.9458 units Phantom stock units acquired: 0.8873 units +4 more

7 metrics

Phantom stock units acquired 0.9837 units Grant on 2026-08-06 under Executive Deferred Compensation Plan

Phantom stock units acquired 0.9458 units Grant on 2026-07-23 under Executive Deferred Compensation Plan

Phantom stock units acquired 0.8873 units Grant on 2026-07-09 under Executive Deferred Compensation Plan

Per-unit value $275.25 Phantom stock units grant dated 2026-08-06

Per-unit value $286.29 Phantom stock units grant dated 2026-07-23

Per-unit value $291.80 Phantom stock units grant dated 2026-07-09

Indirect CI common stock holding 735.9274 shares Shares held by 401(k) plan following 2026-07-09 entry

Key Terms

Phantom Stock Units, Executive Deferred Compensation Plan, economic equivalent, 401(k) Plan

4 terms

Phantom Stock Units financial

"Represents grants of Phantom Stock Units economically equivalent to CI common stock"

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.

Executive Deferred Compensation Plan financial

"settled in cash in accordance with the terms of The Cigna Group Executive Deferred Compensation Plan"

economic equivalent financial

"Each phantom stock unit is the economic equivalent of one share of The Cigna Group's common stock"

401(k) Plan financial

"shares acquired through ongoing participation in The Cigna Group's 401(k) Plan"

A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Cigna Group (CI) executive Bryan Holgerson report in this Form 4?

He reported grants of phantom stock units on three dates in July and August 2026 under Cigna’s Executive Deferred Compensation Plan, plus an updated holding of 735.9274 CI common shares held indirectly through The Cigna Group’s 401(k) Plan.

How many phantom stock units did Bryan Holgerson acquire tied to CI?

He acquired 0.8873 phantom stock units on 2026-07-09, 0.9458 units on 2026-07-23, and 0.9837 units on 2026-08-06. Each unit is economically equivalent to one share of Cigna Group common stock and will be settled in cash.

What are the per-unit values of the phantom stock units reported for CI?

The reported per-unit values were $291.80 for 0.8873 units on 2026-07-09, $286.29 for 0.9458 units on 2026-07-23, and $275.25 for 0.9837 units on 2026-08-06, as referenced in connection with the deferred compensation awards.

How many Cigna Group (CI) common shares does Bryan Holgerson hold via the 401(k) Plan?

He reports indirect ownership of 735.9274 CI common shares, held “By 401(k)” through The Cigna Group’s 401(k) Plan. A footnote explains these shares reflect ongoing participation in the plan.

Will Bryan Holgerson’s phantom stock units in CI be paid in stock or cash?

The filing states that each phantom stock unit is the economic equivalent of one Cigna Group common share but will be settled in cash in accordance with The Cigna Group Executive Deferred Compensation Plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/20/2026 - 05:13 PM EDT

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^*

Holgerson Bryan

(Last)

(First)

(Middle)

900 COTTAGE GROVE RD

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/09/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, $.01 Par Value								735.9274⁽¹⁾	I	By 401(k)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock Units	⁽²⁾	07/09/2026		A		0.8873		⁽²⁾	⁽²⁾	Common Stock, $.01 Par Value	0.8873	$291.8	942.6958	D
Phantom Stock Units	⁽²⁾	07/23/2026		A		0.9458		⁽²⁾	⁽²⁾	Common Stock, $.01 Par Value	0.9458	$286.29	943.6416	D
Phantom Stock Units	⁽²⁾	08/06/2026		A		0.9837		⁽²⁾	⁽²⁾	Common Stock, $.01 Par Value	0.9837	$275.25	944.6253	D

Explanation of Responses:

1. Represents shares acquired through ongoing participation in The Cigna Group's 401(k) Plan.

2. Each phantom stock unit is the economic equivalent of one share of The Cigna Group's common stock and will be settled in cash in accordance with the terms of The Cigna Group Executive Deferred Compensation Plan. The reporting person may transfer his interests in The Cigna Group stock fund into an alternative investment fund.

Remarks:

Title - President, Cigna Healthcare U.S. and EVP, Customer Health Outcomes

	Tyler Gratton, attorney-in-fact	08/20/2026
	** 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)

Source: View Original Filing on SEC EDGAR