secwatch.observer — SEC 8-K summary
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Issuer:     Cigna Group (CI)
CIK:        0001739940
Form:       8-K
Filed at:   2025-04-18T23:59:59+00:00
Accession:  0001140361-25-014574
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1739940/000114036125014574/0001140361-25-014574-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1739940/000114036125014574/ef20047681_form8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-014574

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