Cincinnati Financial (CINF) senior vice president exercises and settles stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Senior vice president Angela Ossello Delaney reported multiple equity award transactions for Cincinnati Financial Corp. On March 2, 2026, she exercised performance stock units and restricted stock units at $163.4300 per share equivalent, converting them into common stock and triggering related tax-withholding dispositions. After these transactions, she directly held 18,470 shares of common stock and had an additional 1,316 shares held indirectly by her spouse. Footnotes state the restricted stock units vested on March 1, 2026, with performance goals met at the maximum level and service vesting schedules running through March 1, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,661 shares exercised/converted
Mixed
13 txns
Insider
Delaney Angela Ossello
Role
Senior Vice President- Sub
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 6,522 | $0.00 | -- |
| Exercise | Restricted Stock Units | 355 | $0.00 | -- |
| Exercise | Restricted Stock Units | 422 | $0.00 | -- |
| Exercise | Restricted Stock Units | 362 | $0.00 | -- |
| Exercise | Common Stock | 422 | $0.00 | -- |
| Exercise | Common Stock | 362 | $0.00 | -- |
| Exercise | Common Stock | 6,522 | $0.00 | -- |
| Exercise | Common Stock | 355 | $0.00 | -- |
| Tax Withholding | Common Stock | 155 | $163.43 | $25K |
| Tax Withholding | Common Stock | 184 | $163.43 | $30K |
| Tax Withholding | Common Stock | 158 | $163.43 | $26K |
| Tax Withholding | Common Stock | 2,558 | $163.43 | $418K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Stock Units — 0 shares (Direct);
Restricted Stock Units — 711 shares (Direct);
Common Stock — 14,286 shares (Direct);
Common Stock — 1,316 shares (Indirect, By Spouse)
Footnotes (1)
- The restricted stock units became payable March 1, 2026. The performance goals were met at maximum level. 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. 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. 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.
FAQ
What insider transactions did Angela Ossello Delaney report at Cincinnati Financial (CINF)?
Angela Ossello Delaney reported exercising performance stock units and restricted stock units, which converted into Cincinnati Financial common stock. The filing also shows related tax-withholding share dispositions and updated direct and indirect share holdings after these equity award events.
Were the Cincinnati Financial (CINF) performance targets for Angela Delaney’s awards achieved?
Yes. The Form 4 footnotes state that the performance stock unit goals were met at the maximum level. As a result, the units became payable and were converted into common stock following vesting, increasing Angela Delaney’s direct share ownership in Cincinnati Financial.
What does the transaction code M mean in the Cincinnati Financial (CINF) Form 4?
Transaction code M indicates an exercise or conversion of a derivative security, such as stock units converting into common shares. In this filing, it reflects performance stock units and restricted stock units turning into Cincinnati Financial common stock without an open-market purchase.
How do vesting schedules affect Angela Delaney’s Cincinnati Financial (CINF) stock units?
Footnotes explain that restricted stock units vested on March 1, 2026, under grant agreements providing ratable vesting over three-year service periods ending March 1 of 2026, 2027, or 2028. This vesting triggered conversion of units into Cincinnati Financial common stock.