Cincinnati Financial (CINF) COO exercises options and gifts shares

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.

Insider Trade Summary

6,900 shares exercised/converted

Mixed 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	--
Exercise	Common Stock	6,900	$71.19	$491K
Tax Withholding	Common Stock	4,685	$159.88	$749K
Gift	Common Stock	2,500	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Option (Right to Buy) — 2,414 shares (Direct, null); Common Stock — 68,998 shares (Direct, null); Common Stock — 14,838.527 shares (Indirect, By Children)

Footnotes (1)

1. The option vests in three annual installments beginning on the first anniversary of the date of grant. 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.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Brown Roger A

(Last) (First) (Middle)

PO BOX 145496

(Street)

CINCINNATI OHIO 45250

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CINCINNATI FINANCIAL CORP [ CINF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr VP, COO - Subsidary

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/05/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/05/2026		M		6,900	A	$71.19	68,998	D
Common Stock	05/05/2026		F		4,685	D	$159.88	64,313	D
Common Stock	05/05/2026		G		2,500	D	$0	61,813	D
Common Stock								14,838.527(2)	I	By Children

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$71.19	05/05/2026		M			6,900	02/09/2019	02/09/2028(1)	Common Stock	6,900	$0	2,414	D

Explanation of Responses:

1. The option vests in three annual installments beginning on the first anniversary of the date of grant.

2. The reporting person is enrolled in quarterly dividend reinvestment. The beneficially owned shares have been adjusted to reflect shares purchased through the reinvestment plan.

	/s/Roger A. Brown	05/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

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.