Cincinnati Financial (CINF) EVP nets shares after award vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cincinnati Financial Corp executive Sean Michael Givler, an executive vice president, reported multiple equity award transactions dated March 2, 2026. He exercised performance stock units and restricted stock units that had vested on March 1, 2026, with performance goals for the performance units met at the maximum level.
These awards were converted into shares of common stock at a price of $0.00 per share, increasing his direct ownership to 34,343.062 common shares. Several tax-withholding dispositions also occurred, including 2,538 shares delivered at $163.43 per share to satisfy tax liabilities tied to the vesting events.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,735 shares exercised/converted
Mixed
12 txns
Insider
Givler Sean Michael
Role
Exec Vice President - Sub
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 7,436 | $0.00 | -- |
| Exercise | Restricted Stock Units | 405 | $0.00 | -- |
| Exercise | Restricted Stock Units | 481 | $0.00 | -- |
| Exercise | Restricted Stock Units | 413 | $0.00 | -- |
| Exercise | Common Stock | 405 | $0.00 | -- |
| Exercise | Common Stock | 413 | $0.00 | -- |
| Exercise | Common Stock | 7,436 | $0.00 | -- |
| Exercise | Common Stock | 481 | $0.00 | -- |
| Tax Withholding | Common Stock | 177 | $163.43 | $29K |
| Tax Withholding | Common Stock | 210 | $163.43 | $34K |
| Tax Withholding | Common Stock | 180 | $163.43 | $29K |
| Tax Withholding | Common Stock | 2,538 | $163.43 | $415K |
Holdings After Transaction:
Performance Stock Units — 0 shares (Direct);
Restricted Stock Units — 810 shares (Direct);
Common Stock — 29,118.062 shares (Direct)
Footnotes (1)
- The restricted stock units became payable March 1, 2026. The performance goals were met at maximum level. The restricted stock units vested March 1, 2026, as set forth in the grant agreement providing for ratable vesting over a three year service period ending March 1, 2028. The restricted stock units vested March 1, 2026, as set forth in the grant agreement providing for ratable vesting over a three year service period ending March 1, 2027. The restricted stock units vested March 1, 2026, as set forth in the grant agreement providing for ratable vesting over a three year service period ending March 1, 2026.
FAQ
What insider activity did Cincinnati Financial (CINF) report for Sean Michael Givler?
Sean Michael Givler reported exercises of performance stock units and restricted stock units, converting them into common shares. The units had vested on March 1, 2026, reflecting achieved performance and service conditions, and were formally exercised on March 2, 2026.
What were the terms of the Cincinnati Financial (CINF) performance stock units exercised by Givler?
Givler exercised performance stock units that became payable on March 1, 2026, after performance goals were met at the maximum level. These units were then converted into common stock at a stated exercise price of $0.00 per share, increasing his direct holdings.
How did restricted stock units vest for Sean Michael Givler at Cincinnati Financial (CINF)?
Several restricted stock unit grants vested on March 1, 2026, under grant agreements providing ratable vesting over three-year service periods ending March 1, 2026, March 1, 2027, and March 1, 2028. Vested units were then converted into common shares on March 2, 2026.
What transaction codes appear in Sean Michael Givler’s Cincinnati Financial (CINF) Form 4?
The Form 4 shows code "M" transactions for exercises or conversions of derivative securities, and code "F" transactions where common shares were withheld or delivered to pay tax liabilities related to the vesting of stock-based awards on March 1, 2026.