Stephen M. Spray - Mar 3, 2025 Form 4 Insider Report for CINCINNATI FINANCIAL CORP (CINF)

Role: President & CEO, Director
Signature: /s/ Stephen M Spray
Stock symbol: CINF
Transactions as of: Mar 3, 2025
Transactions value $: -$248,487
Form type: 4
Date filed: 3/5/2025, 04:20 PM
Previous filing: Feb 19, 2025
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	$0	+778	+1.56%	$0.00	50.8K	Mar 3, 2025	Direct
transaction	CINF	Common Stock	Options Exercise	$0	+533	+1.05%	$0.00	51.3K	Mar 3, 2025	Direct
transaction	CINF	Common Stock	Options Exercise	$0	+606	+1.18%	$0.00	51.9K	Mar 3, 2025	Direct
transaction	CINF	Common Stock	Options Exercise	$0	+1.8K	+3.47%	$0.00	53.7K	Mar 3, 2025	Direct
transaction	CINF	Common Stock	Tax liability	-$35.6K	-243	-0.45%	$146.60	53.5K	Mar 3, 2025	Direct
transaction	CINF	Common Stock	Tax liability	-$40.5K	-276	-0.52%	$146.60	53.2K	Mar 3, 2025	Direct
transaction	CINF	Common Stock	Tax liability	-$52K	-355	-0.67%	$146.60	52.9K	Mar 3, 2025	Direct
transaction	CINF	Common Stock	Tax liability	-$120K	-821	-1.55%	$146.60	52.1K	Mar 3, 2025	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	Options Exercise	$0	-1.8K	-100%	$0.00	0	Mar 3, 2025	Common Stock	1.8K	$0.00	Direct	F1
transaction	CINF	Restricted Stock Units	Options Exercise	$0	-533	-100%	$0.00	0	Mar 3, 2025	Common Stock	533	$0.00	Direct	F2
transaction	CINF	Restricted Stock Units	Options Exercise	$0	-606	-50.04%	$0.00	605	Mar 3, 2025	Common Stock	606	$0.00	Direct	F3
transaction	CINF	Restricted Stock Units	Options Exercise	$0	-778	-33.33%	$0.00	1.56K	Mar 3, 2025	Common Stock	778	$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 became payable March 1, 2025. The performance goals were met at threshold level.
F2	The restricted stock units vested March 1, 2025, as set forth in the grant agreement providing for ratable vesting over a three year service period ending March 1, 2025.
F3	The restricted stock units vested March 1, 2025, as set forth in the grant agreement providing for ratable vesting over a three year service period ending March 1, 2026.
F4	The restricted stock units vested March 1, 2025, as set forth in the grant agreement providing for ratable vesting over a three year service period ending March 1, 2027.