Lisa Anne Love - 20 Feb 2023 Form 4 Insider Report for CINCINNATI FINANCIAL CORP (CINF)

Role: EVP/CLO & Corp Secy
Signature: /s/ Lisa Anne Love
Issuer symbol: CINF
Transactions as of: 20 Feb 2023
Net transactions value: +$1,963,915
Form type: 4
Filing time: 22 Feb 2023, 14:30:52 UTC
Previous filing: 08 Nov 2022
Next filing: 03 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CINF	Common Stock						45,741	20 Feb 2023	Direct	F1
holding	CINF	Common Stock						2,264	20 Feb 2023	By Mother's Trust

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	+9,522		$0.000000	9,522	20 Feb 2023	Common Stock	9,522	$0.000000	Direct	F2
transaction	CINF	Restricted Stock Units	Award	$0	+1,270		$0.000000	1,270	20 Feb 2023	Common Stock	1,270	$0.000000	Direct	F3
transaction	CINF	Stock Option (Right to Buy)	Award	$1,963,915	+15,640		$125.57	15,640	20 Feb 2023	Common Stock	15,640	$125.57	Direct	F4
holding	CINF	Phantom Stock Shares						15,531	20 Feb 2023	Common Stock	15,531	$0.000000	Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reporting person is enrolled in quarterly dividend reinvestment. The beneficially owned shares have been adjusted to reflect shares purchased through the reinvestment plan.
F2	The restricted stock units vest March 1, 2026, 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.
F3	The restricted stock units vest in three annual installments on March 1, as set forth in the grant agreement, if service requirements are met.
F4	The option vests in three installments beginning on the first anniversary of the date of grant.
F5	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.