Cincinnati Financial (CINF) SVP receives new PSUs, RSUs, options and updates holdings

Rhea-AI Filing Summary

Sandercox Robert Philip reported acquisition or exercise transactions in this Form 4 filing.

Cincinnati Financial Corp Senior Vice President Robert Philip Sandercox reported equity awards and updated holdings. On February 25, 2026, he was granted 5,168 Performance Stock Units, 862 Restricted Stock Units, and 7,995 stock options, all at a grant price of $0.00 per unit.

The performance units vest on March 1, 2029 if performance goals are met, and the amount reported is the maximum that may vest. The restricted stock units vest in three annual installments on March 1, subject to service requirements, while the options vest in three annual installments starting one year after grant.

The filing also reports 811.020 phantom stock units held under the company’s Top Hat Savings Plan, to be settled at retirement or other termination of service, 1,549.802 common shares held directly, and 811.370 common shares held indirectly through the company’s 401(k) plan.

Insights

Equity Compensation Analyst

Routine equity awards increase SVP’s long-term, performance-linked stake.

The filing shows Performance Stock Units, RSUs, and stock options granted to Senior Vice President Robert Philip Sandercox. These are compensation awards, not open-market purchases or sales, and therefore do not represent a directional trading signal on the company’s shares.

The 5,168 performance units vest only if stated performance goals are achieved by March 1, 2029, while the 862 RSUs and 7,995 options depend on continued service over three years. This structure ties a meaningful portion of the executive’s potential value to long-term company results and retention.

The phantom stock and 401(k) holdings reflect additional deferred and retirement-related exposure, with settlement upon retirement or service termination as described. Overall, this looks like a standard long-term incentive package rather than a material change in insider sentiment or company outlook.

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

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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^*

Sandercox Robert Philip

(Last) (First) (Middle)

6200 S GILMORE RD.

(Street)

FAIRFIELD OH 45014

(City) (State) (Zip)

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)
	Senior Vice President-Sub

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

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

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

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

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								1,549.802	D
Common Stock								811.37(1)	I	By 401(K) Plan

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
Performance Stock Units	$0.00	02/25/2026		A		5,168		(2)	(2)	Common Stock	5,168	$0.00	5,168	D
Restricted Stock Units	$0.00	02/25/2026		A		862		(3)	(3)	Common Stock	862	$0.00	862	D
Stock Option (Right to Buy)	$162.22	02/25/2026		A		7,995		02/25/2027(4)	02/25/2036(4)	Common Stock	7,995	$0.00	7,995	D
Phantom Stock	$0.00							(5)	(5)	Common Stock	811.02		811.02	D

Explanation of Responses:

1. The reported stock was acquired under the company's 401(k) plan. The reporting person may transfer the value of his shares into an alternative investment selection within the plan.

2. The restricted stock units vest March 1, 2029 , as set forth in the grant agreement, if performance goals are met. The number of restricted stock units shown is the maximum number of such units that may vest.

3. The restricted stock units vest in three annual installments on March 1, as set forth in the grant agreement, if service requirements are met.

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

5. 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.

Remarks:

	/s/ Robert Philip Sandercox	02/26/2026
	** 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.
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FAQ

What insider transactions did CINF executive Robert Philip Sandercox report?

Robert Philip Sandercox reported grants of performance stock units, restricted stock units, and stock options on February 25, 2026. He also updated holdings of phantom stock and common shares, including shares held directly, through a Top Hat Savings Plan, and in the company’s 401(k) plan.

How many Performance Stock Units did CINF grant to Robert Philip Sandercox?

He was granted 5,168 Performance Stock Units at a grant price of $0.00 per unit. These units vest on March 1, 2029, if specified performance goals are met, and the reported amount represents the maximum number that may ultimately vest under the award terms.

What Restricted Stock Units did CINF award to Robert Philip Sandercox?

He received 862 Restricted Stock Units on February 25, 2026, at a grant price of $0.00. These RSUs vest in three annual installments on March 1, subject to service requirements outlined in the grant agreement, providing time-based long-term incentive compensation.

What are the terms of the stock options granted to Robert Philip Sandercox at CINF?

The filing reports 7,995 stock options (right to buy) granted on February 25, 2026. These options vest in three annual installments beginning on the first anniversary of the grant date, aligning potential realized value with multi-year continued service at Cincinnati Financial Corp.

What are Robert Philip Sandercox’s phantom stock holdings at CINF?

He holds 811.020 phantom stock units under the company’s Top Hat Savings Plan, an Excess Benefits Plan. These units are scheduled to be settled upon his retirement or other termination of service, and their value can be reallocated within the plan’s investment options.

How much Cincinnati Financial (CINF) common stock does Robert Philip Sandercox hold directly and via plans?

The filing shows 1,549.802 common shares held directly and 811.370 common shares held indirectly through the company’s 401(k) plan. In addition, he has derivative interests via performance units, restricted stock units, stock options, and phantom stock units tied to Cincinnati Financial.