STEVEN J. JOHNSTON - 21 Feb 2022 Form 4 Insider Report for CINCINNATI FINANCIAL CORP (CINF)

Role
Chairman, President & CEO, Director
Signature
/s/ Steven J Johnston
Issuer symbol
CINF
Transactions as of
21 Feb 2022
Transactions value $
$7,001,990
Form type
4
Filing time
23 Feb 2022, 14:36:24 UTC
Previous filing
09 Nov 2021
Next filing
03 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CINF Common Stock 163K 21 Feb 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CINF Performance Stock Units Award $0 +27.5K $0.00 27.5K 21 Feb 2022 Common Stock 27.5K $0.00 Direct F1
transaction CINF Restricted Stock Units Award $0 +2.3K $0.00 2.3K 21 Feb 2022 Common Stock 2.3K $0.00 Direct F2
transaction CINF Stock Option (Right to Buy) Award $7M +56.5K $123.94 56.5K 21 Feb 2022 Common Stock 56.5K $123.94 Direct F3
holding CINF Phantom Stock Shares 147K 21 Feb 2022 Common Stock 147K $0.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units vest March 1, 2025, as set forth in the grant agreement, if performance goals are met. The number of restricted stock units shown is the maximum number of such units that may vest.
F2 The restricted stock units vest in three annual installments on March 1, as set forth in the grant agreement, if service requirements are met.
F3 The option vests in three installments beginning on the first anniversary of the date of grant.
F4 The reported phantom stock shares were acquired under the company's Top Hat Savings Plan, an "Excess Benefits Plan" within the meaning of Rule 16b-3(b)(2), and are to be settled upon the reporting person's retirement or other termination of service. The reporting person may transfer the value of his phantom stock shares into an alternative investment selection within the plan.