Cincinnati Financial (CINF) SVP awarded PSUs, RSUs and options in new grants

Rhea-AI Filing Summary

Fu Luyang reported acquisition or exercise transactions in this Form 4 filing.

Cincinnati Financial Corp senior vice president Luyang Fu reported equity awards and updated holdings. On February 25, 2026, Fu was granted 4,738 Performance Stock Units, 790 Restricted Stock Units, and a stock option for 7,328 shares, all at a price of $0.00 per unit.

The performance stock units can vest on March 1, 2029 if performance goals are met, and the number reported is the maximum that may vest. The restricted stock units vest in three annual installments on March 1 if service requirements are met, while the option vests in three annual installments starting on the first anniversary of the grant date.

Following these awards, Fu directly holds phantom stock representing 2,361.530 shares under the company’s Top Hat Savings Plan, to be settled upon retirement or other termination of service, and 9,804.333 shares of common stock directly. Fu also indirectly holds 993.260 common shares through the company’s 401(k) plan.

Insider Trade Summary

6 transactions reported

Mixed 6 txns

Insider Fu Luyang

Role Senior Vice President-Sub

Type	Security	Shares	Price	Value
Grant/Award	Performance Stock Units	4,738	$0.00	--
Grant/Award	Restricted Stock Units	790	$0.00	--
Grant/Award	Stock Option (Right to Buy)	7,328	$0.00	--
holding	Phantom Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Performance Stock Units — 4,738 shares (Direct); Restricted Stock Units — 790 shares (Direct); Stock Option (Right to Buy) — 7,328 shares (Direct); Phantom Stock — 2,361.53 shares (Direct); Common Stock — 9,804.333 shares (Direct); Common Stock — 993.26 shares (Indirect, By 401(K) Plan)

Footnotes (1)

1. 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. The restricted stock units vest March 1, 2029 , as set forth in the grant agreement, if performance goals are met. The number of restricted stock units shown is the maximum number of such units that may vest. The restricted stock units vest in three annual installments on March 1, as set forth in the grant agreement, if service requirements are met. The option vests in three annual installments beginning on the first anniversary of the date of grant. 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.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/27/2026 - 03:28 PM Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Fu Luyang

(Last) (First) (Middle)

6200 S 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)
02/25/2026

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								9,804.333	D
Common Stock								993.26(1)	I	By 401(K) Plan

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
Performance Stock Units	$0.00	02/25/2026		A		4,738		(2)	(2)	Common Stock	4,738	$0.00	4,738	D
Restricted Stock Units	$0.00	02/25/2026		A		790		(3)	(3)	Common Stock	790	$0.00	790	D
Stock Option (Right to Buy)	$162.22	02/25/2026		A		7,328		02/25/2027(4)	02/25/2036(4)	Common Stock	7,328	$0.00	7,328	D
Phantom Stock	$0.00							(5)	(5)	Common Stock	2,361.53		2,361.53	D

Explanation of Responses:

1. 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.

2. The restricted stock units vest March 1, 2029 , as set forth in the grant agreement, if performance goals are met. The number of restricted stock units shown is the maximum number of such units that may vest.

3. The restricted stock units vest in three annual installments on March 1, as set forth in the grant agreement, if service requirements are met.

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

5. 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.

Remarks:

	/s/ Luyang Fu	02/26/2026
	** 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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What equity awards did Luyang Fu receive from Cincinnati Financial (CINF)?

Luyang Fu received grants of 4,738 Performance Stock Units, 790 Restricted Stock Units, and a stock option for 7,328 shares at $0.00 per unit. These awards are part of his compensation and vest over time based on performance and service conditions.

When do Luyang Fu’s new performance stock units at Cincinnati Financial (CINF) vest?

The performance stock units can vest on March 1, 2029, if performance goals outlined in the grant agreement are met. The 4,738 units disclosed represent the maximum number that may ultimately vest, depending on how those performance targets are achieved.

How do the restricted stock units granted to Luyang Fu by Cincinnati Financial (CINF) vest?

The 790 restricted stock units vest in three annual installments on March 1, as long as service requirements are met. This structure encourages ongoing employment and aligns Fu’s interests with long-term company performance through time-based vesting.

What are the vesting terms of Luyang Fu’s new stock option at Cincinnati Financial (CINF)?

The stock option covering 7,328 shares vests in three annual installments starting on the first anniversary of the grant date. This staged vesting provides a long-term incentive, rewarding continued service and potential future share price appreciation if exercised later.

What phantom stock holdings does Luyang Fu report at Cincinnati Financial (CINF)?

Fu reports phantom stock equivalent to 2,361.530 shares under the company’s Top Hat Savings Plan. These units are settled upon retirement or other termination of service, and he may reallocate their value among investment options within the plan before settlement.

How many Cincinnati Financial (CINF) common shares does Luyang Fu hold directly and through the 401(k) plan?

Fu directly holds 9,804.333 shares of Cincinnati Financial common stock and indirectly holds 993.260 shares through the company’s 401(k) plan. Within the 401(k), he may transfer the value of those shares into other investment selections offered by the plan.