Cincinnati Financial VP exercises stock options
CINCINNATI FINANCIAL CORP senior vice president and chief actuary Luyang Fu exercised employee stock options and had shares withheld for taxes.
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Form Type
4
Rhea-AI Filing Summary
CINCINNATI FINANCIAL CORP senior vice president and chief actuary Luyang Fu exercised employee stock options and had shares withheld for taxes. On April 29, 2026, Fu exercised 957 shares of common stock at $71.19 per share and 147 shares of common stock were disposed of to cover tax obligations at $163.92 per share. After these transactions, Fu held 10,670.127 shares of common stock directly, 1,010.43 shares of common stock indirectly through a 401(k) plan, and 2,426.51 phantom stock units tied to common stock under a deferred compensation plan.
Insider Trade Summary
957 shares exercised/converted
Exercise
5 txns
Insider
Fu Luyang
Role
Sr. VP, Chief Actuary - Sub
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 957 | $0.00 | $0.00 |
| Exercise | Common Stock | 957 | $71.19 | $68K |
| Exercise Price or Tax Liability | Common Stock | 147 | $163.92 | $24K |
| holding | Phantom Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 contracts (Direct);
Common Stock — 10,670.127 shares (Direct);
Phantom Stock — 2,426.51 contracts (Direct);
Common Stock — 1,010.43 shares (Indirect, By 401(K) Plan)
Footnotes (4)
- F1. The reporting person is enrolled in quarterly dividend reinvestment. The beneficially owned shares have been adjusted to reflect shares purchased through the reinvestment plan.
- F2. 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.
- F3. The option vests in three annual installments beginning on the first anniversary of the date of grant.
- F4. 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.
Key Figures
Options exercised: 957 shares
Option exercise price: $71.19 per share
Shares for tax withholding: 147 shares
+4 more
7 metrics
Options exercised
957 shares
Common stock options exercised on April 29, 2026 at $71.19
Option exercise price
$71.19 per share
Exercise price for 957 common stock options
Shares for tax withholding
147 shares
Common shares disposed at $163.92 to cover tax liabilities
Tax withholding price
$163.92 per share
Value assigned to 147 common shares delivered for taxes
Direct common shares after
10,670.127 shares
Direct Cincinnati Financial common stock holdings post-transaction
401(k) common shares
1,010.43 shares
Indirect holdings via company 401(k) plan after adjustments
Phantom stock units
2,426.51 units
Phantom stock under Top Hat Savings Plan, settled at retirement
Key Terms
Phantom Stock, Top Hat Savings Plan, Excess Benefits Plan, Rule 16b-3(b)(2), +2 more
6 terms
Phantom Stock financial
"The reported phantom stock shares were acquired under the company's Top Hat Savings Plan"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Top Hat Savings Plan financial
"acquired under the company's Top Hat Savings Plan, an "Excess Benefits Plan""
Excess Benefits Plan financial
"an "Excess Benefits Plan" within the meaning of Rule 16b-3(b)(2)"
Rule 16b-3(b)(2) regulatory
"an "Excess Benefits Plan" within the meaning of Rule 16b-3(b)(2)"
401(k) plan financial
"The reported stock was acquired under the company's 401(k) plan."
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did CINCINNATI FINANCIAL (CINF) executive Luyang Fu report on this Form 4?
Luyang Fu, a senior vice president and chief actuary, reported exercising 957 stock options and a related tax-withholding disposition of 147 common shares. The filing also updates his direct, 401(k) and phantom stock holdings tied to Cincinnati Financial common stock.
How many CINCINNATI FINANCIAL (CINF) options did Luyang Fu exercise and at what price?
Fu exercised 957 common stock options at an exercise price of $71.19 per share. This derivative exercise converted stock options into an equivalent number of Cincinnati Financial common shares as part of his compensation program, reflecting routine option use rather than an open-market purchase.
What phantom stock position did Luyang Fu report at CINCINNATI FINANCIAL (CINF)?
Fu reported 2,426.51 phantom stock units tied to Cincinnati Financial common stock. These units were acquired under the company’s Top Hat Savings Plan and are intended to be settled upon retirement or other termination of service, functioning as deferred compensation rather than tradable shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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