Michael J. Sewell - 24 Feb 2022 Form 4 Insider Report for CINCINNATI FINANCIAL CORP (CINF)

Role
CFO, Sr Vice Pres & Treasurer
Signature
/s/ Michael J Sewell
Issuer symbol
CINF
Transactions as of
24 Feb 2022
Transactions value $
-$166,079
Form type
4
Filing time
28 Feb 2022, 14:49:44 UTC
Previous filing
23 Feb 2022
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
transaction CINF Common Stock Options Exercise $358,315 +8,016 +9.9% $44.7 89,253 24 Feb 2022 Direct
transaction CINF Common Stock Tax liability -$524,394 -4,435 -5% $118.24 84,818 24 Feb 2022 Direct
holding CINF Common Stock 869 24 Feb 2022 By Children

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 Stock Option (Right to Buy) Options Exercise $0 -8,016 -100% $0* 0 24 Feb 2022 Common Stock 8,016 $44.7 Direct F1
holding CINF Phantom Stock Shares 13,011 24 Feb 2022 Common Stock 13,011 $0 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option vests in three installments beginning on the first anniversary of the date of grant.
F2 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.