CINF Form 4: CIO Acquires 774 Options, Sells 580 Shares on 08/15/2025

Steven A. Soloria, Executive Vice President and Chief Investment Officer of Cincinnati Financial Corporation (CINF), reported transactions dated 08/15/2025.

Rhea-AI Filing Summary

Steven A. Soloria, Executive Vice President and Chief Investment Officer of Cincinnati Financial Corporation (CINF), reported transactions dated 08/15/2025. He acquired 774 stock option units with an exercise price of $85.67 that vest in three annual installments and expire 02/21/2029, and those options underlie 774 common shares. He also disposed of 580 shares at $152.99 each. After the transactions he directly beneficially owns 14,601 shares and indirectly owns 175 shares through his children.

Positive

• Maintains substantial direct ownership after transactions: 15,181 shares directly owned
• Option grant with multi-year vesting aligns compensation with continued service (vests in three annual installments)

Negative

• Disposition of 580 shares at $152.99 reduced direct holdings (amount of sale not stated as % of holdings)
• Potential future dilution from 774 options underlying common stock if exercised

Insights

Corporate Governance Expert

TL;DR: Insider exercised compensation-based option acquisition and a small open-market sale, leaving substantial direct ownership.

The filing documents routine Section 16 activity by a senior executive: a grant-based option acquisition (774 options at $85.67, vesting over three years) and an open-market or other sale of 580 common shares at $152.99. These transactions appear to reflect standard compensation and liquidity activity rather than a change in control or material corporate event. Reported direct ownership after the trades is 15,181 shares with an additional 175 shares held indirectly by immediate family, consistent with disclosure norms.

Securities/Compensation Analyst

TL;DR: Option grant aligns with multi-year vesting schedule; sale is modest relative to reported holdings.

The derivative entry shows a stock option grant exercisable beginning 02/21/2020 with expiration 02/21/2029 and an $85.67 strike, totaling 774 options. The report notes vesting in three annual installments, indicating staggered recognition of compensation expense and potential future dilution of 774 shares if exercised. The sale of 580 shares at $152.99 reduces direct share count but leaves the reporting person with 15,181 directly owned shares, implying this is a routine liquidity event rather than a material shift in ownership stakes.

Insider Trade Summary

774 shares exercised/converted

Exercise 4 txns

Insider Soloria Steven Anthony

Role EVP, Chief Investment Officer

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy)	774	$0.00	$0.00
Exercise	Common Stock	774	$85.67	$66K
Exercise Price or Tax Liability	Common Stock	580	$152.99	$89K
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Option (Right to Buy) — 0 contracts (Direct); Common Stock — 14,601 shares (Direct); Common Stock — 175 shares (Indirect, By Children)

Footnotes (1)

1. F1. The option vests in three annual installments beginning on the first anniversary of the date of grant.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Steven A. Soloria report for CINF on 08/15/2025?

He reported acquiring 774 stock options at a $85.67 exercise price and disposing of 580 common shares at $152.99 per share on 08/15/2025.

How many CINF shares does Steven A. Soloria own after the reported transactions?

Following the reported transactions he directly beneficially owns 15,181 shares and indirectly owns 175 shares through his children.

What are the terms of the stock option grant reported?

The option grant covers 774 options with an $85.67 exercise price, exercisable per schedule and expiring on 02/21/2029, with vesting in three annual installments.

Was the Form 4 filed jointly or by a single reporting person?

The form was filed by one reporting person (the reporting person checkbox indicates a single filer).

What is the reporting person's role at Cincinnati Financial?

The reporting person is listed as EVP, Chief Investment Officer and an officer of the issuer.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/19/2025 - 03:21 PM Learn about SEC filing dates

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^*

Soloria Steven Anthony

(Last) (First) (Middle)

6200 SOUTH 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)
	EVP, Chief Investment Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

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	08/15/2025		M		774	A	$85.67	15,181	D
Common Stock	08/15/2025		F		580	D	$152.99	14,601	D
Common Stock								175	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)	$85.67	08/15/2025		M			774	02/21/2020(1)	02/21/2029(1)	Common Stock	774	$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/ Steven A Soloria	08/18/2025
	** 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.