Mr. Cordani’s stock potential and stock options totaled $8.4 million, putting his overall compensation at roughly $21 million, according to the report.
Of the $12.5 million excluding future stock options, Mr. Cordani had a base salary of $1 million, exercised stock options of $2 million, non-equity incentives of $9.3 million and $130,494 in “other compensation.”
In February, Cigna reported net income of $290 million in the fourth quarter of fiscal year 2011, down 37 percent from the same quarter of 2010. For the entire 2011 fiscal year, Cigna recorded a profit of $1.33 billion, slightly down from the $1.35 billion recorded in FY 2010.
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