Michael J. Sewell - Aug 3, 2023 Form 4 Insider Report for CINCINNATI FINANCIAL CORP (CINF)

Role
CFO, EVP & Treasurer
Signature
/s/ Michael J Sewell
Stock symbol
CINF
Transactions as of
Aug 3, 2023
Transactions value $
-$209,451
Form type
4
Date filed
8/7/2023, 03:21 PM
Previous filing
Mar 3, 2023
Next filing
Aug 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CINF Common Stock Options Exercise $369K +7.89K +8.64% $46.81 99.2K Aug 3, 2023 Direct
transaction CINF Common Stock Tax liability -$579K -5.32K -5.36% $108.77 93.9K Aug 3, 2023 Direct
holding CINF Common Stock 869 Aug 3, 2023 By Children

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 -7.89K -100% $0.00* 0 Aug 3, 2023 Common Stock 7.89K $46.81 Direct F1
holding CINF Phantom Stock Shares 13.5K Aug 3, 2023 Common Stock 13.5K $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.