Cincinnati Financial (CINF) SVP exercises stock awards, with share withholdings

Rhea-AI Filing Summary

Cincinnati Financial Corp senior vice president Chet Hogan Swisher reported equity award activity. On March 2, 2026, he exercised or converted derivative awards into common stock, including 282 shares from restricted stock units and 846 shares from a stock option. On the same date, 81 and 491 common shares were withheld and disposed of at prices of $163.43 and $167.16 per share, respectively, to cover the exercise price or tax liabilities, rather than as open-market sales.

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

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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^*

Swisher Chet Hogan

(Last) (First) (Middle)

6200 SOUTH GILMORE RD

(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)
	Senior Vice President - Sub

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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	03/02/2026		M		282	A	$0.00	5,549.472	D
Common Stock	03/02/2026		F		81	D	$163.43	5,468.472	D
Common Stock	03/02/2026		M		846	A	$70.7	6,314.472	D
Common Stock	03/02/2026		F		491	D	$167.16	5,823.472	D

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
Restricted Stock Units	$0.00	03/02/2026		M			282	(1)	(1)	Common Stock	282	$0.00	563	D
Stock Option (Right to Buy)	$70.7	03/02/2026		M			846	02/10/2018(2)	02/10/2027(2)	Common Stock	846	$0.00	0.00	D

Explanation of Responses:

1. 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.

2. The option vests in three annual installments beginning on the first anniversary of the date of grant.

Remarks:

	/s/ Chet Hogan Swisher	03/03/2026
	** 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).
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FAQ

What insider transactions did CINF executive Chet Hogan Swisher report?

Chet Hogan Swisher reported exercising equity awards into common stock and related share dispositions. He converted restricted stock units and a stock option into shares, then had some shares withheld and disposed of to satisfy exercise price or tax liabilities, rather than executing open-market sales.

Did CINF’s Chet Hogan Swisher buy or sell Cincinnati Financial common stock on the open market?

The filing shows no open-market buys or sells. Reported transactions are derivative exercises (code M) converting awards into common stock, and dispositions coded F, which reflect shares withheld to pay exercise price or tax obligations instead of discretionary market sales.

What types of securities were involved in CINF insider Chet Hogan Swisher’s Form 4?

The Form 4 lists restricted stock units, a stock option (right to buy), and resulting common stock. Restricted stock units vested, and a stock option was exercised in installments, leading to new common shares and related tax-withholding share dispositions.

How many Cincinnati Financial shares did CINF insider Chet Hogan Swisher dispose of for taxes?

He reported two tax-withholding dispositions coded F: 81 common shares at $163.43 per share and 491 common shares at $167.16 per share. These transactions reflect payment of exercise price or tax liabilities by delivering shares instead of cash.

What do the vesting footnotes in CINF insider Chet Hogan Swisher’s Form 4 explain?

One footnote states the restricted stock units vested on March 1, 2026 under a three-year service schedule ending March 1, 2028. Another explains the stock option vests in three annual installments beginning on the first anniversary of its grant date.

How did Chet Hogan Swisher’s direct ownership in CINF common stock change after these transactions?

After derivative exercises, one line shows direct ownership of 6,314.472 common shares, while a subsequent tax-withholding disposition line shows 5,823.472 shares. These figures reflect reported balances following specific transactions on March 2, 2026, as disclosed in the Form 4.