Cincinnati Financial (CINF) CFO exercises and withholds stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cincinnati Financial executive Michael J. Sewell, the CFO, EVP and Treasurer, reported multiple equity award transactions. On March 2, 2026, he exercised 14,996 Performance Stock Units and several tranches of Restricted Stock Units that had vested after meeting performance and service conditions.
These derivative exercises converted into shares of common stock, increasing his direct holdings before shares were withheld to cover tax obligations. Tax-withholding dispositions included up to 5,914 common shares at $163.43 per share. He also holds 14,393 phantom stock shares under a company savings plan, to be settled at retirement or other service termination.
Positive
- None.
Negative
- None.
Insider Trade Summary
17,090 shares exercised/converted
Mixed
13 txns
Insider
Sewell Michael J
Role
CFO, EVP & Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 14,996 | $0.00 | -- |
| Exercise | Restricted Stock Units | 667 | $0.00 | -- |
| Exercise | Restricted Stock Units | 774 | $0.00 | -- |
| Exercise | Restricted Stock Units | 653 | $0.00 | -- |
| Exercise | Common Stock | 653 | $0.00 | -- |
| Exercise | Common Stock | 774 | $0.00 | -- |
| Exercise | Common Stock | 667 | $0.00 | -- |
| Exercise | Common Stock | 14,996 | $0.00 | -- |
| Tax Withholding | Common Stock | 281 | $163.43 | $46K |
| Tax Withholding | Common Stock | 326 | $163.43 | $53K |
| Tax Withholding | Common Stock | 275 | $163.43 | $45K |
| Tax Withholding | Common Stock | 5,914 | $163.43 | $967K |
| holding | Phantom Stock Shares | -- | -- | -- |
Holdings After Transaction:
Performance Stock Units — 0 shares (Direct);
Restricted Stock Units — 0 shares (Direct);
Common Stock — 102,282 shares (Direct);
Phantom Stock Shares — 14,393 shares (Direct)
Footnotes (1)
- The restricted stock units became payable March 1, 2026. The performance goals were met at maximum level. The restricted stock units vested March 1, 2026, as set forth in the grant agreement providing for ratable vesting over a three year service period ending March 1, 2026. The restricted stock units vested March 1, 2026, as set forth in the grant agreement providing for ratable vesting over a three year service period ending March 1, 2027. The restricted stock units vested March 1, 2026, as set forth in the grant agreement providing for ratable vesting over a three year service period ending March 1, 2028. 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.
FAQ
What insider transactions did CINCINNATI FINANCIAL (CINF) report for its CFO?
Cincinnati Financial reported that CFO Michael J. Sewell exercised performance stock units and restricted stock units into common shares. He also had shares withheld to cover tax obligations and continues to hold phantom stock units under a deferred compensation plan.
Did performance goals affect the Cincinnati Financial (CINF) equity awards in this filing?
Yes. The filing notes that certain restricted and performance stock units became payable on March 1, 2026, after performance goals were met at the maximum level. Other restricted stock units vested based on three-year service periods ending in 2026, 2027, and 2028.