−Removed: UNREGISTERED SALES OF EQUITY SECURITIES, USE OF PROCEEDS AND ISSUER PURCHASES OF EQUITY SECURITIES
+Added: UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Issuer Purchases of Equity Securities
−Removed: The following table provides information about The Cigna Group's share repurchase activity for the quarter ended September 30, 2023:
+Added: The following table provides information about The Cigna Group's share repurchase activity for the quarter ended March 31, 2024:
Period Total # of shares purchased (1)
5 unchanged sentences
of publicly announced program (3) (in millions)
−Removed: July 1-31, 2023 12,012 $ 282.98 — $ 2,474
−Removed: August 1-31, 2023 942,948 $ 283.09 941,074 $ 2,210
−Removed: September 1-30, 2023 1,442,028 $ 288.00 1,436,968 $ 1,800
+Added: January 1-31, 2024 253,716 $ 303.91 253,748 $ 11,229
+Added: February 1-29, 2024 9,832,165 (1) 9,828,122 $ 7,284
+Added: March 1-31, 2024 336,493 $ 336.19 — $ 7,284
Total 10,422,374 (1) 10,081,870 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 12,012 shares in July, 1,874 shares in August and 5,060 shares in September 2023.
+Added: Employees tendered (32) shares in January, 4,043 shares in February and 336,493 shares in March 2024.
+Added: Amount purchased in February 2024 also reflects the initial delivery of 7.6 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 1, Item 2.
+Added: Such repurchase was made pursuant to the Company's share repurchase program described in note (2) below.
+Added: Average price paid per share for the period February 1-29, 2024 for shares not purchased pursuant to the accelerated share repurchase agreements ("ASR agreements") was $331.54.
(2) Additionally, the Company maintains a share repurchase program authorized by the Board.
3 unchanged sentences
The program may be suspended or discontinued at any time and does not have an expiration date.
−Removed: From October 1, 2023 through November 1, 2023, we repurchased 1.6 million shares for approximately $474 million.
−Removed: Share repurchase authority was $1.3 billion as of November 1, 2023 .
+Added: In February 2024, as part of our share repurchase program, we entered into ASR agreements to repurchase $3.2 billion of common stock in aggregate.
+Added: In February 2024, we received an initial delivery of approximately 7.6 million shares of our common stock representing $2.6 billion of the total $3.2 billion remitted.
+Added: Remaining share repurchase authority was $7.3 billion as of May 1, 2024.
+Added: See Note 8 to the Consolidated Financial Statements for further information on our ASR agreements.
(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.