Cincinnati Financial director reports 27,122-share trust move
CINCINNATI FINANCIAL CORP director Charles Odell Schiff reported trust-related changes in his indirect holdings of common stock.
Rhea-AI Filing Summary
CINCINNATI FINANCIAL CORP director Charles Odell Schiff reported trust-related changes in his indirect holdings of common stock. The Form 4 shows an "other" code J transaction for 27,122 shares involving a grandchildren's irrevocable trust, described as a distribution of shares made without consideration from a family trust where he serves as co-trustee.
The filing also updates indirect holdings held by his spouse, children and a charitable foundation, plus a direct holding of 746,695 common shares, reflecting totals after these trust and dividend reinvestment adjustments. The footnotes state he is enrolled in quarterly dividend reinvestment, and beneficially owned shares were adjusted for purchases through that plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Other: 27,122 shares
Other
5 txns
Insider
Schiff Charles Odell
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 27,122 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 122,910.572 shares (Indirect, By Grandchildren's Irrevocable Trust);
Common Stock — 746,695 shares (Direct);
Common Stock — 181,055 shares (Indirect, By Charitable Foundation);
Common Stock — 67,037.634 shares (Indirect, By Children);
Common Stock — 29,627 shares (Indirect, By Spouse)
Footnotes (2)
- 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. Represents a distribution of shares from a trust established for the benefit of the reporting person's family members. The reporting person serves as co-trustee of the trust. The distribution was made without consideration.
Key Figures
Trust-related shares: 27,122 shares
Direct holding: 746,695 shares
Spouse indirect holding: 29,627 shares
+4 more
7 metrics
Trust-related shares
27,122 shares
Code J transaction for grandchildren's irrevocable trust
Direct holding
746,695 shares
Common Stock held directly after reported updates
Spouse indirect holding
29,627 shares
Common Stock held indirectly by spouse
Children indirect holding
67,037.634 shares
Common Stock held indirectly by children
Charitable foundation holding
181,055 shares
Common Stock held indirectly by charitable foundation
Grandchildren trust holding
122,910.572 shares
Common Stock held through grandchildren's irrevocable trust
Transaction price per share
$0.0000
Code J trust distribution made without consideration
Key Terms
dividend reinvestment, beneficially owned shares, irrevocable trust, co-trustee, +1 more
5 terms
dividend reinvestment financial
"The reporting person is enrolled in quarterly dividend reinvestment."
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
irrevocable trust financial
"By Grandchildren's Irrevocable Trust"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
co-trustee financial
"The reporting person serves as co-trustee of the trust."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did CINF director Charles Odell Schiff report on this Form 4?
Charles Odell Schiff reported an "other" code J transaction involving 27,122 Cincinnati Financial common shares tied to a grandchildren's irrevocable trust. The filing also updates several indirect family and foundation holdings and confirms ongoing adjustments from quarterly dividend reinvestment enrollment.
How does dividend reinvestment affect Charles Odell Schiff’s reported CINF holdings?
A footnote states Schiff is enrolled in quarterly dividend reinvestment, so some dividends are automatically used to purchase additional Cincinnati Financial shares. The beneficially owned share totals reported in the Form 4 are adjusted to include these shares acquired through the reinvestment plan over time.
AI-generated analysis. How Rhea-AI works. Not financial advice.
