Cigna Corp President, Health Services Timothy Wentworth's 2019 pay jumps 165% to $24M
Cigna Corp reports 2019 executive compensation
By ExecPay News
Published: March 13, 2020
Cigna Corp reported fiscal year 2019 executive compensation information on March 13, 2020.
In 2019, six Cigna Corp executives received on average a compensation package of $11M, a 59% increase compared to previous year.
Average pay of disclosed executives at Cigna Corp
Timothy C. Wentworth, President, Health Services, received $24M in total, which increased by 165% compared to 2018. 74% of Wentworth's compensation, or $18M, was in stock awards. Wentworth also received $3K of change in pension value and nonqualified deferred compensation earnings, $3M in non-equity incentive plan, $1.5M in option awards, $1.5M in salary, as well as $17K in other compensation.
For fiscal year 2019, the median employee pay was $62,946 at Cigna Corp. Therefore, the ratio of Timothy C. Wentworth's pay to the median employee pay was 374 to one.
David M. Cordani, Chief Executive Officer, received a compensation package of $19M, which increased by 2% compared to previous year. 54% of the compensation package, or $10M, was in stock awards.
Matthew G. Manders, President, Strategy and Solutions, earned $6.2M in 2019, a 128% increase compared to previous year.
Eric P. Palmer, Chief Financial Officer, received $6.1M in 2019, which increases by 29% compared to 2018.
Lisa R. Bacus, Chief Marketing Officer, earned $4.6M in 2019.
Nicole S. Jones, General Counsel, received $4.6M in 2019, which increases by 14% compared to 2018.
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Source: SEC filing on March 13, 2020.