Cincinnati Financial EVP exercises options, pays taxes in stock
CINCINNATI FINANCIAL CORP executive John S. Kellington, EVP and Chief Information Officer – Subsidiaries, exercised stock options and settled related taxes in shares.
Rhea-AI Filing Summary
CINCINNATI FINANCIAL CORP executive John S. Kellington, EVP and Chief Information Officer – Subsidiaries, exercised stock options and settled related taxes in shares. He exercised options for 24,221 shares of Common Stock at $85.67 per share and 17,536 shares were disposed of at $163.73 per share to cover tax obligations. After these transactions, he directly owns 127,051.658 shares of Common Stock, indicating this was primarily a compensation-related option exercise with tax-withholding rather than an open-market trade.
Positive
- None.
Negative
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Insider Trade Summary
24,221 shares exercised/converted
Exercise
3 txns
Insider
KELLINGTON JOHN S
Role
EVP, Chief Info Off. -Sub
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 24,221 | $0.00 | $0.00 |
| Exercise | Common Stock | 24,221 | $85.67 | $2.08M |
| Exercise Price or Tax Liability | Common Stock | 17,536 | $163.73 | $2.87M |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 contracts (Direct);
Common Stock — 127,051.658 shares (Direct)
Footnotes (1)
- F1. The option vests in three annual installments beginning on the first anniversary of the date of grant.
Key Figures
Option exercise shares: 24,221 shares
Option exercise price: $85.67 per share
Tax-withholding shares: 17,536 shares
+4 more
7 metrics
Option exercise shares
24,221 shares
Common Stock acquired via option exercise on 2026-06-08
Option exercise price
$85.67 per share
Exercise price for Stock Option (Right to Buy)
Tax-withholding shares
17,536 shares
Shares disposed to cover tax liability on 2026-06-08
Tax-withholding price
$163.73 per share
Value per share for tax-withholding disposition
Shares owned after
127,051.658 shares
Direct Common Stock holdings following transactions
Option grant exercise date
2020-02-21
Original exercise/vesting start date for option
Option expiration date
2029-02-21
Expiration date of Stock Option (Right to Buy)
Key Terms
Stock Option (Right to Buy), tax-withholding disposition, Exercise or conversion of derivative security, Common Stock
4 terms
Stock Option (Right to Buy) financial
"Security title listed as Stock Option (Right to Buy) with underlying shares."
tax-withholding disposition financial
"Transaction coded F is described as a tax-withholding disposition of shares."
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 M is labeled Exercise or conversion of derivative security."
Common Stock financial
"Non-derivative transactions involve Common Stock as the underlying security."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did CINCINNATI FINANCIAL (CINF) report for John S. Kellington?
Cincinnati Financial reported that EVP John S. Kellington exercised stock options for 24,221 common shares at $85.67 and had 17,536 shares withheld at $163.73 to cover tax obligations, reflecting a compensation-related transaction rather than an open-market trade.
Was the CINCINNATI FINANCIAL (CINF) Form 4 a stock purchase or sale by John S. Kellington?
The Form 4 shows a stock option exercise and tax-withholding disposition, not an open-market buy or sell. Kellington acquired 24,221 shares through option exercise and 17,536 shares were disposed of to pay taxes, a routine compensation-related event.
What price was used for John S. Kellington’s CINCINNATI FINANCIAL (CINF) option exercise?
John S. Kellington exercised stock options at an exercise price of $85.67 per share for 24,221 Cincinnati Financial common shares. These options were originally granted with this fixed strike price and later converted into common stock on the reported transaction date.
What does the tax-withholding disposition mean in the CINCINNATI FINANCIAL (CINF) Form 4?
The tax-withholding disposition means 17,536 shares of Cincinnati Financial common stock were delivered at $163.73 per share to cover tax liabilities from the option exercise. This is not an open-market sale but a standard mechanism to satisfy withholding requirements.
Did John S. Kellington retain a significant position in CINCINNATI FINANCIAL (CINF) after the transactions?
Yes. Following the option exercise and tax-withholding disposition, John S. Kellington directly holds 127,051.658 Cincinnati Financial common shares. This indicates he continues to maintain a substantial equity position in the company after the compensation-related transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
