STEVEN J. JOHNSTON - 31 Oct 2023 Form 4 Insider Report for CINCINNATI FINANCIAL CORP (CINF)

Role
Chairman & CEO, Director
Signature
/s/ Steven J Johnston
Issuer symbol
CINF
Transactions as of
31 Oct 2023
Transactions value $
-$292,332
Form type
4
Filing time
02 Nov 2023, 15:04:09 UTC
Previous filing
03 Mar 2023
Next filing
21 Nov 2023
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 $603K +12.9K +7.24% $46.81 191K 31 Oct 2023 Direct
transaction CINF Common Stock Tax liability -$895K -8.97K -4.71% $99.79 182K 31 Oct 2023 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 Stock Option (Right to Buy) Options Exercise $0 -12.9K -100% $0.00* 0 31 Oct 2023 Common Stock 12.9K $46.81 Direct F1
holding CINF Phantom Stock Shares 169K 31 Oct 2023 Common Stock 169K $0.00 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 annual 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.