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HealthSpring Inc.

Cigna CEO's Pay Package Last Year More Than Quadrupled 2012

Cigna Corp. CEO David M. Cordani's compensation last year was 4.5 times the amount he received the year before, according to an annual notice of executive compensation filed Friday with the U.S. Securities and Exchange Commission.

He received $3.97 million in 2012.

Cordani's compensation was $17.76 million last year, not including in stock and stock options for which he will receive value in future years. The stock and options were valued at $9 million, but their ultimate value will depend on how well the company's stock performs.

Cordani's total pay received includes $1 million in salary, $2.16 million in incentive-plan compensation, $3.25 million in value realized upon...