Cigna EVP has 729 shares withheld for taxes
Cigna Group executive Durga Prasad Koka, EVP and Global CIO, reported a routine tax-related share disposition.
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Rhea-AI Filing Summary
Cigna Group executive Durga Prasad Koka, EVP and Global CIO, reported a routine tax-related share disposition. On the vesting of restricted shares, 729 common shares were withheld to cover tax obligations at an indicated value of $275.53 per share. After this withholding, Koka directly holds 6,552 Cigna common shares. This was not an open-market sale, but an automatic mechanism tied to equity compensation.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, $.01 Par Value | 729 | $275.53 | $201K |
Footnotes (1)
- F1. Represents shares withheld to satisfy tax obligations upon vesting of restricted shares.
Key Figures
Key Terms
tax obligations financial
tax-withholding disposition financial
Form 4 regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Cigna (CI) report for EVP Durga Prasad Koka?
Was the Cigna (CI) EVP’s Form 4 transaction an open-market stock sale?
What does transaction code F mean in the Cigna (CI) Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.