CINCINNATI FINANCIAL (CINF) EVP exercises options and settles taxes in shares

Rhea-AI Filing Summary

CINCINNATI FINANCIAL CORP executive vice president and chief risk officer Teresa C. Cracas reported a compensation-related stock transaction. On April 29, 2026, she exercised options to acquire 15,386 shares of common stock at $70.70 per share and had 10,321 shares withheld at a market price of $163.92 per share to cover tax obligations. Following these non-open-market transactions, she directly holds about 57,442.704 shares of common stock, and the exercised stock option grant has been fully used.

Insider Trade Summary

15,386 shares exercised/converted

Mixed 3 txns

Insider Cracas Teresa C

Role EVP, Chief Risk Off. - Sub

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy)	15,386	$0.00	--
Exercise	Common Stock	15,386	$70.70	$1.09M
Tax Withholding	Common Stock	10,321	$163.92	$1.69M

Holdings After Transaction: Stock Option (Right to Buy) — 0 shares (Direct, null); Common Stock — 65,879.704 shares (Direct, null)

Footnotes (1)

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Key Figures

Options exercised: 15,386 shares Exercise price: $70.70/share Shares withheld for taxes: 10,321 shares +3 more

6 metrics

Options exercised 15,386 shares Common stock acquired via option exercise on April 29, 2026

Exercise price $70.70/share Stock option exercise price for 15,386 shares

Shares withheld for taxes 10,321 shares Common stock withheld to satisfy tax obligations

Tax withholding price $163.92/share Market price used for tax-withholding disposition

Shares held after transactions 57,442.704 shares Direct common stock holdings following transactions

Option expiration date February 10, 2027 Expiration of exercised stock option grant

Key Terms

tax-withholding disposition, derivative exercise/conversion, Stock Option (Right to Buy), Form 4

4 terms

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.

derivative exercise/conversion financial

"transaction_action": "derivative exercise/conversion""

Stock Option (Right to Buy) financial

"security_title": "Stock Option (Right to Buy)""

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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^*

Cracas Teresa C

(Last) (First) (Middle)

6200 SOUTH GILMORE RD

(Street)

FAIRFIELD OHIO 45014

(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)
	EVP, Chief Risk Off. - Sub

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/29/2026

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	04/29/2026		M		15,386	A	$70.7	65,879.704	D
Common Stock	04/29/2026		F		10,321	D	$163.92	57,442.704	D

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)	$70.7	04/29/2026		M			15,386	02/10/2018(1)	02/10/2027(1)	Common Stock	15,386	$0.00	0.00	D

Explanation of Responses:

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

Remarks:

	/s/ Teresa C Cracas	04/30/2026
	** 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 did CINCINNATI FINANCIAL (CINF) executive Teresa Cracas report in this Form 4?

Teresa C. Cracas reported an option exercise and related tax withholding. She acquired 15,386 CINCINNATI FINANCIAL common shares through option exercise and had 10,321 shares withheld to satisfy tax obligations, with no open-market buying or selling involved.

How many CINCINNATI FINANCIAL (CINF) shares did Teresa Cracas acquire and at what price?

She exercised stock options to acquire 15,386 common shares at a fixed exercise price of $70.70 per share. This represents converting a stock option award into actual shares rather than purchasing shares in the open market.

How many CINCINNATI FINANCIAL (CINF) shares were used for tax withholding in this filing?

A total of 10,321 common shares were withheld at a market price of $163.92 per share to cover tax liabilities. This tax-withholding disposition is not an open-market sale and is a routine mechanism tied to the option exercise.

What are Teresa Cracas’s CINCINNATI FINANCIAL (CINF) holdings after these transactions?

After the reported transactions, Teresa C. Cracas directly holds 57,442.704 shares of CINCINNATI FINANCIAL common stock. This figure reflects her position following the option exercise and the share withholding for tax obligations reported on April 29, 2026.

Were any stock options remaining after Teresa Cracas’s CINCINNATI FINANCIAL (CINF) transaction?

The filing shows a stock option for 15,386 shares with a $70.70 exercise price and February 10, 2027 expiration going to zero balance. This indicates that particular option grant was fully exercised, leaving no remaining options from that grant.