Cigna Group (NYSE: CI) CEO Cordani gets major stock awards and tax withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
The Cigna Group Chairman & CEO David Cordani reported new equity awards and related tax withholdings. He was granted 37,516 employee stock options at an exercise price of $0, vesting in three equal annual installments beginning March 1, 2027.
He also acquired 23,788 shares of common stock from settlement of strategic performance shares for the 2023–2025 period and 17,389 restricted shares that vest in three equal annual installments beginning March 1, 2027. To cover tax obligations on these awards, 11,024 and 4,408 shares were disposed of at $287.55 per share. The filing also lists indirect holdings in common stock through a trust, a GRAT, and ongoing participation in The Cigna Group's 401(k) Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
Cordani David
Role
Chairman & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (Right to Buy) | 37,516 | $0.00 | -- |
| Grant/Award | Common Stock, $.01 Par Value | 23,788 | $0.00 | -- |
| Grant/Award | Common Stock, $.01 Par Value | 17,389 | $0.00 | -- |
| Tax Withholding | Common Stock, $.01 Par Value | 11,024 | $287.55 | $3.17M |
| Tax Withholding | Common Stock, $.01 Par Value | 4,408 | $287.55 | $1.27M |
| holding | Common Stock, $.01 Par Value | -- | -- | -- |
| holding | Common Stock, $.01 Par Value | -- | -- | -- |
| holding | Common Stock, $.01 Par Value | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 37,516 shares (Direct);
Common Stock, $.01 Par Value — 45,144 shares (Direct);
Common Stock, $.01 Par Value — 157,935 shares (Indirect, By Trust)
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. Represents shares acquired through ongoing participation in The Cigna Group's 401(k) Plan. This option vests in three equal annual installments beginning March 1, 2027.
FAQ
What equity awards did Cigna (CI) CEO David Cordani receive in this Form 4?
David Cordani received 37,516 employee stock options and 41,177 shares of Cigna common stock. The shares include 23,788 from strategic performance share settlement and 17,389 restricted shares, both tied to company performance and multi-year vesting schedules.
How do the new Cigna (CI) stock options granted to David Cordani vest?
The 37,516 employee stock options granted to David Cordani vest in three equal annual installments beginning March 1, 2027. This means the options become exercisable over three years, aligning his compensation with Cigna’s longer-term performance and shareholder outcomes.
What indirect Cigna (CI) holdings does David Cordani report in this Form 4?
Cordani reports indirect ownership of Cigna common stock through a trust, a GRAT, and The Cigna Group’s 401(k) Plan. These entries reflect shares held in estate-planning and retirement vehicles rather than additional market transactions on the Form 4 date.