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AI brief of an SEC Form 8-K · Cigna (CI)

Cigna executive Eric Palmer to leave company April 26, 2025, with $5.2 million payment

Neutral Impact 3 of 5 leadership Written later

Cigna Group said Eric P. Palmer, Executive Vice President for Enterprise Strategy and President and Chief Executive Officer of Evernorth Health Services, will leave the company on April 26, 2025. Under an agreement signed April 15, 2025, he will receive a $5.2 million cash payment and continued vesting of certain equity awards, which the company estimates at about $4.8 million. The filing does not give a reason for the departure or name a successor.

Key points

  • Employment ends April 26, 2025; Palmer is EVP for Enterprise Strategy and President and CEO of Evernorth Health Services
  • Cash payment of $5.2 million, including 78 weeks of base pay and 150% of his 2025 EIP target
  • Equity treatment estimated at about $4.8 million, based on the April 15, 2025 closing price of $328.63 per share
  • Stock options granted before 2021 expire on the lesser of their original date or 90 days after April 26, 2025

The filing

CompanyCigna (CI)
Form8-K, current report
Filed with the SECApr 18, 2025, 4:20 PM ET
Accession number0001140361-25-014574

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 18, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.