Sundar PichaiSundar Pichai earned $164M in 2023

David M. Cordani is the CEO of The Cigna Group, a leading health service organization, since 2009. He has been with Cigna since 1991, working his way up from various roles including President and Chief Operating Officer. Cordani's journey is...

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David M. Cordani

Ex-CEO of Cigna

Education

Bachelor's degree from Central Connecticut State University; MBA from the University of Hartford.

Field of Expertise

Healthcare & Life Sciences - Healthcare

Sector of Economy

Healthcare

Born

January 1, 1970 - 55 years ago

CEO of Cigna for

14 years 1 month (Jan 2010 - Feb 2024)

Previous Experience

President, CIGNA HealthCare

Holdings

See how much did David M. Cordani make over time.

David Cordani has a significant stake in Cigna, with his holdings valued at over $231 million as of early 2024. This large investment signals his deep commitment to the company's success and aligns his interests with those of the shareholders....

Total Stock Sold

$388.20M

CI

$385.41M

2,096,904 CI shares

GIS

$2.80M

34,775 GIS shares

What if they kept their stock?

If David M. Cordani didn't sell their stock, today they would have:
Extra CI2,096,904 shares worth $381.28M and GIS34,775 shares worth $2.00M.
This is -1.27% and $4.93M less than what they got when they sold the stock.

Charitable Transactions

CI

165,801 shares

CI

Recent Charitable Transactions

CI

63,306 shares

CI

Dec 18, 2023

Charity

CI

50,700 shares

CI

Jan 9, 2023

Charity

CI

39,795 shares

CI

Oct 13, 2021

Charity

CI

12,000 shares

CI

Dec 31, 2016

Charity

Insider Trading

See recent insider trades of David M. Cordani.

CI

$8.17M

CI at $308.12/share

Feb 28, 2025

Sale

CI

60,554 shares

CI

Feb 28, 2025

Received

CI

$14.15M

CI at $355.10/share

Mar 21, 2024

Sale

CI

$5.55M

CI at $346.77/share

Mar 12, 2024

Sale

CI

$1.80M

CI at $345.76/share

Mar 7, 2024

Sale

CI

$6.42M

CI at $332.62/share

Mar 1, 2024

Sale

CI

35,946 shares

CI

Mar 1, 2024

Received

CI

9,927 shares

CI

Feb 28, 2024

Received

CI

$6.49M

CI at $345.83/share

Feb 23, 2024

Sale

CI

$13.49M

CI at $336.18/share

Feb 9, 2024

Sale

Compensation History

See how much did David M. Cordani make over time.

David Cordani's compensation in 2023 totaled $5.25 million, which was a performance-based mix of salary, bonuses, and vested stock. His base salary was $1.5 million, with a performance bonus of $500,000 based on Cigna’s metrics. Additionally, he saw $3 million in vested stock from long-term incentive plans. This structure emphasizes pay that motivates and aligns with the company's achievements. Over the years, his compensation has reflected the ups and downs of Cigna's performance, with years like 2022 showing a significant drop due to lack of bonuses but still keeping most of his wealth tied to company stock and options.

Year

2023

Total Compensation

$5.25M

Salary

$1.50M

Board Justification

The compensation philosophy aligns with company performance, peer benchmarking, and retention strategies to ensure competitive compensation for the CEO.

Bonus

$500.00K

Board Justification

The bonus is based on the company's performance metrics including revenue growth and operating income for the fiscal year 2023.

Other

$250.00K

Board Justification

Other compensation includes retirement contributions and health benefits paid in 2023.

Restricted Stock

$3.00M(20K RSU)

Board Justification

The stock that vested in 2023 was part of the long-term incentive plan awarded in previous years, based on performance criteria met in 2023.

Performance Metrics

Performance metrics include revenue growth, operating income, and total shareholder return.