Cincinnati Financial SVP exercises 774 stock options
CINCINNATI FINANCIAL CORP senior vice president and chief actuary Luyang Fu reported routine equity compensation activity.
Rhea-AI Filing Summary
CINCINNATI FINANCIAL CORP senior vice president and chief actuary Luyang Fu reported routine equity compensation activity. On May 28, 2026, Fu exercised stock options to acquire 774 shares of Common Stock at $85.67 per share and delivered 99 shares at $161.20 per share to cover tax obligations.
After these transactions, Fu directly holds 11,345.127 shares of Common Stock, plus 1,020.36 shares indirectly through the company 401(k) plan and 2,468.6 phantom stock units under the Top Hat Savings Plan, which are to be settled at retirement or other termination of service.
Positive
- None.
Negative
- None.
Insider Trade Summary
774 shares exercised/converted
Exercise
5 txns
Insider
Fu Luyang
Role
Sr. VP, Chief Actuary - Sub
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 774 | $0.00 | $0.00 |
| Exercise | Common Stock | 774 | $85.67 | $66K |
| Exercise Price or Tax Liability | Common Stock | 99 | $161.20 | $16K |
| holding | Phantom Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 contracts (Direct);
Common Stock — 11,345.127 shares (Direct);
Phantom Stock — 2,468.6 contracts (Direct);
Common Stock — 1,020.36 shares (Indirect, By 401(K) Plan)
Footnotes (3)
- 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.
- F2. The option vests in three annual installments beginning on the first anniversary of the date of grant.
- F3. 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: 774 shares
Option exercise price: $85.67 per share
Shares withheld for taxes: 99 shares
+5 more
8 metrics
Options exercised
774 shares
Common Stock acquired via option exercise on May 28, 2026
Option exercise price
$85.67 per share
Stock Option (Right to Buy) for 774 shares
Shares withheld for taxes
99 shares
Tax-withholding disposition at $161.20 per share
Tax-withholding price
$161.20 per share
Common Stock delivered to satisfy tax or exercise obligations
Direct common shares after transactions
11,345.127 shares
Direct ownership of Cincinnati Financial Common Stock
401(k) plan holdings
1,020.36 shares
Common Stock held indirectly through company 401(k) plan
Phantom stock units
2,468.6 units
Phantom Stock under Top Hat Savings Plan linked to Common Stock
Underlying shares for phantom stock
2,468.6 shares
Common Stock underlying reported Phantom Stock position
Key Terms
tax-withholding disposition, Phantom Stock, Top Hat Savings Plan, Stock Option (Right to Buy), +1 more
5 terms
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.
Phantom Stock financial
""security_title": "Phantom Stock""
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Top Hat Savings Plan financial
"reported phantom stock shares were acquired under the company's Top Hat Savings Plan"
Stock Option (Right to Buy) financial
""security_title": "Stock Option (Right to Buy)""
Excess Benefits Plan financial
"an "Excess Benefits Plan" within the meaning of Rule 16b-3(b)(2)"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did CINF executive Luyang Fu report in this Form 4 filing?
Luyang Fu reported exercising stock options for 774 Cincinnati Financial common shares and delivering 99 shares to cover tax obligations. Following these routine equity compensation transactions, Fu directly and indirectly holds over 14,800 common-share equivalents, including phantom stock units.
What type of stock option exercise did CINF executive Luyang Fu complete?
Luyang Fu exercised a Stock Option (Right to Buy) covering 774 Cincinnati Financial common shares at an exercise price of $85.67 per share. The related derivative position now shows zero remaining option shares after this exercise transaction on May 28, 2026.
What are the phantom stock holdings reported by Luyang Fu at Cincinnati Financial?
Fu reported 2,468.6 phantom stock units under the company’s Top Hat Savings Plan, an excess benefits plan. These units track Cincinnati Financial common stock value and are scheduled to be settled upon his retirement or other termination of service, providing deferred compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
