1 unchanged sentence
Issuer Purchases of Equity Securities
−Removed: The following table provides information about Cigna's share repurchase activity for the quarter ended September 30, 2022:
+Added: The following table provides information about The Cigna Group's share repurchase activity for the quarter ended March 31, 2023:
Period Total # of shares purchased (1)
4 unchanged sentences
that may yet be purchased as part
−Removed: of publicly announced program (3)
−Removed: July 1-31, 2022 10,450,133 (1) 10,446,592 $ 5,323,335,866
−Removed: August 1-31, 2022 557 $ 294.64 — $ 5,323,335,866
−Removed: September 1-30, 2022 1,479 $ 284.43 — $ 5,323,335,866
+Added: of publicly announced program (3) (in millions)
+Added: January 1-31, 2023 1,645,320 $ 312.03 1,645,228 $ 3,060
+Added: February 1-28, 2023 836,644 $ 297.60 675,164 $ 2,860
+Added: March 1-31, 2023 1,070,256 $ 279.47 878,786 $ 2,619
Total 3,552,220 $ 298.82 3,199,178 N/A
1 unchanged sentence
1) payment of taxes on vesting of restricted stock (grants and units) and strategic performance shares and 2) payment of the exercise price and taxes for certain stock options exercised.
−Removed: Employees tendered 3,541 shares in July, 557 shares in August and 1,479 shares in September 2022.
−Removed: Amount purchased in July 2022 also reflects the initial delivery of 10.4 million shares pursuant to the ASR agreements discussed in the Liquidity and Capital Resources section of Management's Discussion and Analysis of Financial Condition and Results of Operations in Part I, Item 2.
−Removed: Such repurchase was made pursuant to the Company's share repurchase program described in note (2) below.
−Removed: Average price paid per share for the period July 1 - July 31, 2022 for shares not purchased pursuant to the ASR agreements was $270.27.
−Removed: (2) Additionally, the Company maintains a share repurchase program authorized by the Board of Directors.
+Added: Employees tendered 92 shares in January, 161,480 shares in February and 191,470 shares in March 2023.
+Added: (2) Additionally, the Company maintains a share repurchase program authorized by the Board.
Under this program, the Company may repurchase shares from time to time, depending on market conditions and alternate uses of capital.
2 unchanged sentences
The program may be suspended or discontinued at any time and does not have an expiration date.
−Removed: From October 1, 2022 through November 2, 2022, we did not repurchase shares except for the 1.9 million shares we expect to receive as final settlement of the ASR agreements discussed in the Liquidity and Capital Resources section of Management's Discussion and Analysis of Financial Condition and Results of Operations in Part I, Item 2 of this Quarterly Report on Form 10-Q.
−Removed: The total number of shares of our common stock repurchased under the ASR agreements is expected to be 12.3 million.
−Removed: Such repurchases were made pursuant to the Company's share repurchase program described above.
−Removed: Share repurchase authority was $5.3 billion as of November 2, 2022.
−Removed: (3) Approximate dollar value of shares is as of the last date of the applicable month.
+Added: From April 1, 2023 through May 4, 2023, the Company repurchased 0.5 million shares for approximately $139 million, leaving repurchase authority at $2.5 billion as of May 4, 2023.
+Added: (3) Approximate dollar value of shares is as of the last date of the applicable month and excludes the impact of excise tax.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.