Cincinnati Financial EVP exercises stock units

Cincinnati Financial Corp executive Will H. Van Den Heuvel reported multiple equity award transactions.

Rhea-AI Filing Summary

Cincinnati Financial Corp executive Will H. Van Den Heuvel reported multiple equity award transactions. On March 2, 2026, he acquired common shares through exercises or conversions of performance stock units and restricted stock units that vested on March 1, 2026, after performance goals were met at the maximum level and service-based vesting schedules were satisfied.

To cover tax liabilities, he disposed of blocks of common stock at a price of $163.43 per share, leaving 38,410 shares owned directly after these withholding transactions. He also reports indirect ownership of 3,036 shares through the company 401(k) plan.

Insider Trade Summary

8,229 shares exercised/converted

Exercise 13 txns

Insider Van Den Heuvel Will H

Role Exec Vice President - Sub

Type	Security	Shares	Price	Value
Exercise	Performance Stock Units	7,006	$0.00	$0.00
Exercise	Restricted Stock Units	389	$0.00	$0.00
Exercise	Restricted Stock Units	452	$0.00	$0.00
Exercise	Restricted Stock Units	382	$0.00	$0.00
Exercise	Common Stock	382	$0.00	$0.00
Exercise	Common Stock	389	$0.00	$0.00
Exercise	Common Stock	7,006	$0.00	$0.00
Exercise	Common Stock	452	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	197	$163.43	$32K
Exercise Price or Tax Liability	Common Stock	167	$163.43	$27K
Exercise Price or Tax Liability	Common Stock	170	$163.43	$28K
Exercise Price or Tax Liability	Common Stock	2,340	$163.43	$382K
holding	Common Stock	--	--	--

Holdings After Transaction: Performance Stock Units — 0 contracts (Direct); Restricted Stock Units — 1,216 contracts (Direct); Common Stock — 38,410 shares (Direct); Common Stock — 3,036 shares (Indirect, By 401(k) Plan)

Footnotes (5)

1. F1. 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. F2. The restricted stock units became payable March 1, 2026. The performance goals were met at maximum level.
3. F3. 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.
4. F4. 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.
5. F5. 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.

FAQ

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What insider transactions did CINCINNATI FINANCIAL CORP (CINF) report for Will H. Van Den Heuvel?

Cincinnati Financial’s executive Will H. Van Den Heuvel reported exercising performance and restricted stock units into common shares on March 2, 2026. These awards had vested on March 1, 2026, reflecting met performance goals and completed service-based vesting schedules under prior grant agreements.

How many Cincinnati Financial (CINF) shares does Will H. Van Den Heuvel own after the reported Form 4?

After the reported transactions, Will H. Van Den Heuvel directly owns 38,410 shares of Cincinnati Financial common stock. He also reports indirect ownership of 3,036 additional shares held through the company’s 401(k) plan, which are invested within that retirement account structure.

What was the purpose of the Cincinnati Financial (CINF) stock dispositions reported in this Form 4?

The common stock dispositions were reported with transaction code F, indicating shares were withheld to pay tax liabilities. Shares were delivered at a price of $163.43 per share, reflecting tax-withholding dispositions rather than open-market selling activity by the executive officer.

What triggered the vesting of restricted stock units for Cincinnati Financial (CINF) executive Will H. Van Den Heuvel?

Restricted stock units vested on March 1, 2026, under grant agreements providing for ratable vesting over three-year service periods. Separate tranches referenced service periods ending March 1 of 2026, 2027, and 2028, indicating ongoing, multi-year equity incentive structures for the executive.

How were performance stock units treated in the Cincinnati Financial (CINF) Form 4 filing?

Performance stock units became payable on March 1, 2026, after performance goals were achieved at the maximum level. Following this achievement, they were exercised or converted into common stock for Will H. Van Den Heuvel, contributing to his updated reported direct share ownership.

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Accepted by SEC EDGAR 03/04/2026 - 03:47 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^*

Van Den Heuvel Will H

(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)
	Exec Vice President - Sub

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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	03/02/2026		M		382	A	$0.00	33,437	D
Common Stock	03/02/2026		M		389	A	$0.00	33,826	D
Common Stock	03/02/2026		M		7,006	A	$0.00	40,832	D
Common Stock	03/02/2026		M		452	A	$0.00	41,284	D
Common Stock	03/02/2026		F		197	D	$163.43	41,087	D
Common Stock	03/02/2026		F		167	D	$163.43	40,920	D
Common Stock	03/02/2026		F		170	D	$163.43	40,750	D
Common Stock	03/02/2026		F		2,340	D	$163.43	38,410	D
Common Stock								3,036(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	03/02/2026		M			7,006	(2)	(2)	Common Stock	7,006	$0.00	0.00	D
Restricted Stock Units	$0.00	03/02/2026		M			389	(3)	(3)	Common Stock	389	$0.00	0.00	D
Restricted Stock Units	$0.00	03/02/2026		M			452	(4)	(4)	Common Stock	452	$0.00	453	D
Restricted Stock Units	$0.00	03/02/2026		M			382	(5)	(5)	Common Stock	382	$0.00	763	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 became payable March 1, 2026. The performance goals were met at maximum level.

3. 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.

4. 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.

5. 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.

Remarks:

	/s/ Will H. Van Den Heuvel	03/03/2026
	** 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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