CINF Insider Filing: EVP/CLO Hogan Exercises Options and Reports Sale

Rhea-AI Filing Summary

Insider transactions by Thomas C. Hogan at Cincinnati Financial Corp (CINF)

Thomas C. Hogan, EVP/CLO & Corporate Secretary, reported transactions dated 08/27/2025 showing acquisitions and a sale. He acquired 500 shares through exercise of a stock option with an exercise price of $70.70 and 500 shares reported as a non-derivative acquisition at $70.70, increasing his direct beneficial ownership to 16,560.4185 shares. He also disposed of 116 shares at a price of $153.76, reducing direct holdings to 16,444.4185 shares after the sale. Additionally, he holds 1,102 shares indirectly through the company 401(k) plan. The option referenced vests in three annual installments from the grant date and had an original exercisable/expiration schedule tied to 02/10/2018 and 02/10/2027.

Positive

• Direct holdings increased via exercise and acquisition to 16,560.4185 shares before the sale was recorded
• Option exercise executed converting 500 options to common stock at the stated exercise price of $70.70
• Continued participation in company 401(k) plan with 1,102 shares held indirectly

Negative

• Disposition of 116 shares at $153.76 reduced direct holdings to 16,444.4185 shares

Insights

Corporate Governance Expert

TL;DR: Routine option exercise and small open-market sale; increases direct share count modestly, with remaining indirect 401(k) holdings.

The filing documents a standard Section 16 transaction: exercise of a previously granted option that vests in installments and a contemporaneous small disposition. The exercise price of $70.70 and the transaction codes indicate a vested option exercise producing 500 underlying shares. The reported sale of 116 shares at $153.76 is small relative to total holdings, leaving total direct ownership above 16,400 shares. From a governance perspective, these are routine insider activities that update beneficial ownership records without signaling a material restructuring or compensation change.

Securities Analyst

TL;DR: Net increase in direct holdings after option exercise; transactions are modest in size and informational for ownership tracking.

The Form 4 shows an option exercise converting to 500 common shares and a separate recorded acquisition of 500 shares at $70.70, alongside a 116-share disposition at $153.76. Post-transactions, direct beneficial ownership rounds to 16,444.4185 shares with 1,102 shares held indirectly via the 401(k). These entries primarily update outstanding insider ownership and option-exercise history; they do not, on their face, represent material changes to company capital structure or control.

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
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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^*

Hogan Thomas Christopher

(Last) (First) (Middle)

6200 S. GILMORE ROAD

(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/CLO & Corp Secretary

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2025

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	08/27/2025		M		500	A	$70.7	16,560.4185	D
Common Stock	08/27/2025		F		116	D	$153.76	16,444.4185	D
Common Stock								1,102(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
Stock Option (Right to Buy)	$70.7	08/27/2025		M			500	02/10/2018(2)	02/10/2027(2)	Common Stock	500	$0.00	0.00	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 option vests in three annual installments beginning on the first anniversary of the date of grant.

Remarks:

	/s/ Thomas C Hogan	08/28/2025
	** 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.

FAQ

What transactions did Thomas C. Hogan report on Form 4 for CINF?

The Form 4 reports a 500-share option exercise (exercise price $70.70) and a 500-share non-derivative acquisition on 08/27/2025, and a disposition of 116 shares at $153.76.

How many Cincinnati Financial (CINF) shares does Hogan directly own after these transactions?

After the reported transactions, Hogan's direct beneficial ownership is reported as 16,444.4185 shares.

Does Hogan have any indirect holdings reported?

Yes, the filing shows 1,102 shares are held indirectly through the company 401(k) plan.

What were the key dates and prices in the Form 4?

Transaction date is 08/27/2025. Option exercise and acquisition price is $70.70; the sale price for 116 shares is $153.76.

What is the option exercisability and expiration information disclosed?

The derivative section references an option with exercisability beginning 02/10/2018 and expiration 02/10/2027, and notes vesting in three annual installments beginning on the first anniversary of grant.