Cincinnati Financial exec exercises 6,900 options
CINCINNATI FINANCIAL CORP senior vice president and subsidiary COO Roger A. Brown exercised stock options and made related share transfers.
Rhea-AI Filing Summary
CINCINNATI FINANCIAL CORP senior vice president and subsidiary COO Roger A. Brown exercised stock options and made related share transfers. He exercised options to acquire 6,900 shares of common stock at $71.19 per share and had 4,685 shares withheld at a price of $159.88 per share to cover tax or exercise obligations. Brown also made a bona fide gift of 2,500 shares of common stock. After these transactions, he directly owned 61,813 common shares and retained 2,414 stock options, and an additional 14,838.527 shares were held indirectly by his children through dividend reinvestment.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,900 shares exercised/converted
Exercise
5 txns
Insider
Brown Roger A
Role
Sr VP, COO - Subsidary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 6,900 | $0.00 | $0.00 |
| Exercise | Common Stock | 6,900 | $71.19 | $491K |
| Exercise Price or Tax Liability | Common Stock | 4,685 | $159.88 | $749K |
| Gift | Common Stock | 2,500 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 2,414 contracts (Direct);
Common Stock — 61,813 shares (Direct);
Common Stock — 14,838.527 shares (Indirect, By Children)
Footnotes (2)
- F1. The option vests in three annual installments beginning on the first anniversary of the date of grant.
- F2. The reporting person is enrolled in quarterly dividend reinvestment. The beneficially owned shares have been adjusted to reflect shares purchased through the reinvestment plan.
Key Figures
Options exercised: 6,900 shares at $71.19
Tax-withheld shares: 4,685 shares at $159.88
Gifted shares: 2,500 shares
+3 more
6 metrics
Options exercised
6,900 shares at $71.19
Stock options exercised into common stock on May 5, 2026
Tax-withheld shares
4,685 shares at $159.88
Shares delivered to satisfy exercise price or tax liability
Gifted shares
2,500 shares
Bona fide gift of common stock on May 5, 2026
Direct holdings after transaction
61,813 shares
Directly owned CINCINNATI FINANCIAL common stock after Form 4 transactions
Indirect holdings by children
14,838.527 shares
Indirectly owned through children, reflecting dividend reinvestment adjustments
Remaining stock options
2,414 options at $71.19
Stock options outstanding, expiring February 9, 2028
Key Terms
bona fide gift, tax-withholding disposition, Stock Option (Right to Buy), dividend reinvestment
4 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Stock Option (Right to Buy) financial
"security_title": "Stock Option (Right to Buy)""
dividend reinvestment financial
"enrolled in quarterly dividend reinvestment. The beneficially owned shares"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did CINCINNATI FINANCIAL (CINF) executive Roger A. Brown report?
Roger A. Brown reported exercising 6,900 stock options, a tax-withholding disposition of 4,685 shares, and a bona fide gift of 2,500 common shares. These actions changed his direct and indirect ownership but involved no open-market purchases or sales.
How many CINCINNATI FINANCIAL (CINF) options did Roger A. Brown exercise and at what price?
Roger A. Brown exercised 6,900 stock options (right to buy) for CINCINNATI FINANCIAL common stock at an exercise price of $71.19 per share. The options originally vested in three annual installments beginning on the first anniversary of the grant date.
How did tax withholding affect Roger A. Brown’s CINCINNATI FINANCIAL (CINF) holdings?
To satisfy exercise price or tax obligations, 4,685 CINCINNATI FINANCIAL shares were disposed of at $159.88 per share. This tax-withholding disposition reduced Brown’s direct share count without representing an open-market sale driven by an investment view of the stock.
What is Roger A. Brown’s direct and indirect ownership in CINCINNATI FINANCIAL (CINF) after these transactions?
After the reported transactions, Roger A. Brown directly owned 61,813 CINCINNATI FINANCIAL common shares and indirectly held 14,838.527 shares through his children. Both positions reflect adjustments from option exercises, tax withholding, gifting, and dividend reinvestment activity.
Did Roger A. Brown retain any CINCINNATI FINANCIAL (CINF) stock options after exercising?
Yes. Following the exercise of 6,900 options, Roger A. Brown still held 2,414 stock options with an exercise price of $71.19 per share and an expiration date of February 9, 2028, providing remaining derivative exposure to CINCINNATI FINANCIAL shares.
What type of non-market transaction did Roger A. Brown make in CINCINNATI FINANCIAL (CINF) stock?
Roger A. Brown executed a bona fide gift of 2,500 CINCINNATI FINANCIAL common shares. A gift transfer is a non-market disposition, meaning there was no sale on the open market and no sale proceeds received from this transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
