Steven J. Johnston - Mar 1, 2023 Form 4 Insider Report for CINCINNATI FINANCIAL CORP (CINF)

Role
Chairman & CEO, Director
Signature
/s/ Steven J Johnston
Stock symbol
CINF
Transactions as of
Mar 1, 2023
Transactions value $
-$89,265
Form type
4
Date filed
3/3/2023, 02:17 PM
Previous filing
Feb 22, 2023
Next filing
Nov 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CINF Common Stock Options Exercise $0 +956 +0.54% $0.00 177K Mar 1, 2023 Direct
transaction CINF Common Stock Options Exercise $0 +765 +0.43% $0.00 178K Mar 1, 2023 Direct
transaction CINF Common Stock Options Exercise $0 +817 +0.46% $0.00 178K Mar 1, 2023 Direct
transaction CINF Common Stock Tax liability -$28.8K -240 -0.13% $119.98 178K Mar 1, 2023 Direct
transaction CINF Common Stock Tax liability -$26.8K -223 -0.13% $119.98 178K Mar 1, 2023 Direct
transaction CINF Common Stock Tax liability -$33.7K -281 -0.16% $119.98 178K Mar 1, 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 Restricted Stock Units Options Exercise $0 -817 -100% $0.00* 0 Mar 1, 2023 Common Stock 817 $0.00 Direct F1
transaction CINF Restricted Stock Units Options Exercise $0 -956 -50% $0.00 956 Mar 1, 2023 Common Stock 956 $0.00 Direct F2
transaction CINF Restricted Stock Units Options Exercise $0 -765 -33.32% $0.00 1.53K Mar 1, 2023 Common Stock 765 $0.00 Direct F3
holding CINF Phantom Stock Shares 165K Mar 1, 2023 Common Stock 165K $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 vested March 1, 2023, as set forth in the grant agreement providing for ratable vesting over a three year service period ending March 1, 2023.
F2 The restricted stock units vested March 1, 2023, as set forth in the grant agreement providing for ratable vesting over a three year service period ending March 1, 2024.
F3 The restricted stock units vested March 1, 2023, as set forth in the grant agreement providing for ratable vesting over a three year service period ending March 1, 2025.
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.