Steven J. Johnston - Oct 29, 2021 Form 4 Insider Report for CINCINNATI FINANCIAL CORP (CINF)

Role: Chairman, President & CEO, Director
Signature: /s/ Steven J Johnston
Stock symbol: CINF
Transactions as of: Oct 29, 2021
Transactions value $: -$509,191
Form type: 4
Date filed: 11/2/2021, 03:04 PM
Next filing: Nov 9, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CINF	Common Stock	Options Exercise	$480K	+13.5K	+8.54%	$35.63	171K	Oct 29, 2021	Direct
transaction	CINF	Common Stock	Tax liability	-$989K	-7.99K	-4.66%	$123.82	163K	Oct 29, 2021	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	-13.5K	-100%	$0.00^*	0	Oct 29, 2021	Common Stock	13.5K	$35.63	Direct	F1
holding	CINF	Phantom Stock Shares						144K	Oct 29, 2021	Common Stock	144K	$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.