Cincinnati Financial CFO exercises stock options
Cincinnati Financial Corporation CFO Michael J. Sewell reported an option exercise and related tax withholding.
Rhea-AI Filing Summary
Cincinnati Financial Corporation CFO Michael J. Sewell reported an option exercise and related tax withholding. He exercised stock options for 36,909 shares of Common Stock at $70.70 per share and, in a separate transaction coded "F," 8,822 Common shares at $163.54 per share were disposed of to cover exercise price or tax liabilities. Following these non-derivative transactions, he directly held 140,010 Common shares. Sewell also reported 14,476 underlying shares tied to Phantom Stock Shares acquired under the company's Top Hat Savings Plan, an Excess Benefits Plan to be settled at retirement or other termination of service.
Positive
- None.
Negative
- None.
Insider Trade Summary
36,909 shares exercised/converted
Exercise
4 txns
Insider
Sewell Michael J
Role
CFO, EVP & Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 36,909 | $0.00 | $0.00 |
| Exercise | Common Stock | 36,909 | $70.70 | $2.61M |
| Exercise Price or Tax Liability | Common Stock | 8,822 | $163.54 | $1.44M |
| holding | Phantom Stock Shares | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 contracts (Direct);
Common Stock — 140,010 shares (Direct);
Phantom Stock Shares — 14,476 contracts (Direct)
Footnotes (2)
- F1. The option vests in three annual installments beginning on the first anniversary of the date of grant.
- F2. 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: 36,909 shares
Option exercise price: $70.70/share
Tax-withholding shares: 8,822 shares
+3 more
6 metrics
Options exercised
36,909 shares
Stock Option (Right to Buy) exercised at $70.70 on 2026-05-01
Option exercise price
$70.70/share
Exercise price for 36,909 Stock Options
Tax-withholding shares
8,822 shares
Common Stock disposed with code F at $163.54/share
Tax-withholding price
$163.54/share
Price per share for 8,822 Common shares used for tax/exercise payment
Common shares after transaction
140,010 shares
Direct Common Stock holdings following non-derivative transactions
Phantom stock underlying shares
14,476 shares
Underlying Common Stock tied to Phantom Stock Shares in Top Hat Savings Plan
Key Terms
Phantom Stock Shares, Top Hat Savings Plan, Excess Benefits Plan, tax-withholding disposition, +1 more
5 terms
Top Hat Savings Plan financial
"acquired under the company's Top Hat Savings Plan, an "Excess Benefits Plan""
Excess Benefits Plan regulatory
"an "Excess Benefits Plan" within the meaning of Rule 16b-3(b)(2)"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
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.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Cincinnati Financial (CINF) CFO Michael Sewell report in this Form 4?
CFO Michael Sewell reported exercising stock options and a related tax-withholding disposition. He exercised 36,909 Common Stock options and 8,822 Common shares were used to satisfy exercise price or tax liabilities, with updated direct share and phantom stock holdings disclosed.
How many Cincinnati Financial (CINF) stock options did the CFO exercise?
Michael Sewell exercised 36,909 Stock Options (Right to Buy) for Common Stock at an exercise price of $70.70 per share. These options had an original expiration date of February 10, 2027, and the exercise converted the derivative position into Common Stock ownership.
Does the Cincinnati Financial (CINF) Form 4 show remaining derivative positions for the CFO?
After exercising 36,909 Stock Options, that option position shows zero shares remaining. The filing lists Phantom Stock Shares as a remaining derivative-type position, referencing 14,476 underlying Common shares associated with the company’s Top Hat Savings Plan for future settlement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
