Cigna CEO Cordani reports new stock awards, withholdings
The Cigna Group Chairman & CEO David Cordani reported new equity awards and related tax withholdings.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (Right to Buy) | 37,516 | $0.00 | $0.00 |
| Grant/Award | Common Stock, $.01 Par Value | 23,788 | $0.00 | $0.00 |
| Grant/Award | Common Stock, $.01 Par Value | 17,389 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, $.01 Par Value | 11,024 | $287.55 | $3.17M |
| Exercise Price or Tax Liability | 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 | -- | -- | -- |
Footnotes (6)
- F1. 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.
- F2. These restricted shares vest in three equal annual installments beginning March 1, 2027.
- F3. Represents shares withheld to satisfy tax obligations upon settlement of strategic performance shares.
- F4. Represents shares withheld to satisfy tax obligations upon vesting of restricted shares.
- F5. Represents shares acquired through ongoing participation in The Cigna Group's 401(k) Plan.
- F6. 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?
How do the new Cigna (CI) stock options granted to David Cordani vest?
What indirect Cigna (CI) holdings does David Cordani report in this Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.