Michael J. Sewell - 19 Feb 2024 Form 4 Insider Report for CINCINNATI FINANCIAL CORP (CINF)

Role: CFO, EVP & Treasurer
Signature: /s/ Michael J Sewell
Issuer symbol: CINF
Transactions as of: 19 Feb 2024
Net transactions value: +$3,321,811
Form type: 4
Filing time: 21 Feb 2024, 15:32:27 UTC
Previous filing: 21 Nov 2023
Next filing: 01 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CINF	Common Stock						92,625	19 Feb 2024	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	+17,430		$0.000000	17,430	19 Feb 2024	Common Stock	17,430	$0.000000	Direct	F1
transaction	CINF	Restricted Stock Units	Award	$0	+2,324		$0.000000	2,324	19 Feb 2024	Common Stock	2,324	$0.000000	Direct	F2
transaction	CINF	Stock Option (Right to Buy)	Award	$3,321,811	+29,564		$112.36	29,564	19 Feb 2024	Common Stock	29,564	$112.36	Direct	F3
holding	CINF	Phantom Stock Shares						13,719	19 Feb 2024	Common Stock	13,719	$0.000000	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, 2027, 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 annual 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.