Steven J. Johnston - Nov 3, 2022 Form 4 Insider Report for CINCINNATI FINANCIAL CORP (CINF)

Role
Chairman & CEO, Director
Signature
/s/ Steven J Johnston
Stock symbol
CINF
Transactions as of
Nov 3, 2022
Transactions value $
-$297,122
Form type
4
Date filed
11/7/2022, 02:37 PM
Previous filing
Mar 3, 2022
Next filing
Nov 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CINF Common Stock Options Exercise $585K +13.1K +7.62% $44.70 185K Nov 3, 2022 Direct
transaction CINF Common Stock Tax liability -$882K -9.03K -4.88% $97.67 176K Nov 3, 2022 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 -13.1K -100% $0.00* 0 Nov 3, 2022 Common Stock 13.1K $44.70 Direct F1
holding CINF Phantom Stock Shares 161K Nov 3, 2022 Common Stock 161K $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.