Cincinnati Financial chairman exercises 76.5K options
The Chairman's 190,675 phantom stock shares under the Top Hat Savings Plan are to be settled upon retirement or other termination of service.
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Rhea-AI Filing Summary
Cincinnati Financial Corp. Chairman Steven J. Johnston exercised 76,484 stock options on October 28, 2026, at an exercise price of $70.70 per share, acquiring 76,484 common shares. On the same date, 49,544 common shares were delivered or withheld for payment of exercise price or tax liability; the reported option balance afterward was zero. Johnston also held 190,675 phantom stock shares as of October 28, 2026, under the company's Top Hat Savings Plan. These shares are to be settled upon retirement or other termination of service.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F1 | 76,484 | $0.00 | $0.00 |
| Exercise | Common Stock | 76,484 | $70.70 | $5.41M |
| Exercise Price or Tax Liability | Common Stock | 49,544 | $180.52 | $8.94M |
| Holding | Phantom Stock Shares F2 | -- | -- | -- |
Footnotes (2)
- F1. The option vests in three 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
Key Terms
Stock Option (Right to Buy) financial
Top Hat Savings Plan financial
Excess Benefits Plan regulatory
FAQ
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How many CINF stock options did Chairman Steven J. Johnston exercise?
What are the terms of Steven J. Johnston's CINF phantom stock?
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