---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-014574"
form_type: "8-K"
ticker: "CI"
cik: "0001739940"
company_name: "Cigna Group"
filed_at: "2025-04-18T23:59:59+00:00"
generated_at: "2026-05-23T11:05:02.899957+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Cigna finalizes severance agreement with departing EVP Eric Palmer; $10M total value

## Summary
- Eric Palmer's employment ends April 26, 2025; severance includes $5.2M cash and ~$4.8M in equity value.
- Cash comprises 78 weeks base pay, 150% of 2025 EIP target, prorated EIP, and 18-month COBRA subsidy.
- Equity: options/RSUs/SPSs vesting within 12 months continue; SPS paid on actual performance at $328.63/share.
- Agreement includes customary confidentiality, non-solicitation, non-competition, and non-disparagement clauses.

## SEC filing metadata
- accession: 0001140361-25-014574
- form_type: 8-K
- ticker: CI
- cik: 0001739940
- company_name: Cigna Group
- filed_at: 2025-04-18T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1739940/000114036125014574/0001140361-25-014574-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1739940/000114036125014574/ef20047681_form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-014574
- JSON: https://secwatch.observer/filing/0001140361-25-014574.json
- Plain text: https://secwatch.observer/filing/0001140361-25-014574.txt

## Key facts
- Executive change
  Eric P. Palmer resigned as Executive Vice President for Enterprise Strategy, The Cigna Group and President and Chief Executive Officer, Evernorth Health Services at Cigna Group.
  - Action: resigned
  - Role: Executive Vice President for Enterprise Strategy, The Cigna Group and President and Chief Executive Officer, Evernorth Health Services
  source text: On March 13, 2025, The Cigna Group (the “Company”) filed a Form 8-K disclosing that the employment of Eric P. Palmer, Executive Vice President for Enterprise Strategy, The Cigna Group and President and Chief Executive Officer, Evernorth Health Services, will end April 26, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1739940/000114036125014574/0001140361-25-014574-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.