Cincinnati Financial EVP exercises stock options
Cincinnati Financial Corp executive John S. Kellington reported routine equity-compensation activity.
Rhea-AI Filing Summary
Cincinnati Financial Corp executive John S. Kellington reported routine equity-compensation activity. On April 29, 2026, he exercised stock options to acquire 28,156 shares of Common Stock at $71.19 per share and had 18,935 shares of Common Stock withheld at $163.92 per share to cover tax obligations.
The filing notes that he is enrolled in quarterly dividend reinvestment, so his beneficially owned shares are adjusted for shares purchased through that plan. These transactions do not represent an open-market purchase or sale of shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
28,156 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) | 28,156 | $0.00 | $0.00 |
| Exercise | Common Stock | 28,156 | $71.19 | $2.00M |
| Exercise Price or Tax Liability | Common Stock | 18,935 | $163.92 | $3.10M |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 contracts (Direct);
Common Stock — 120,366.658 shares (Direct)
Footnotes (2)
- F1. The reporting person is enrolled in quarterly dividend reinvestment. The beneficially owned shares have been adjusted to reflect shares purchased through the reinvestment plan.
- F2. The option vests in three annual installments beginning on the first anniversary of the date of grant.
Key Figures
Options exercised: 28,156 shares
Exercise price: $71.19/share
Shares withheld for taxes: 18,935 shares
+3 more
6 metrics
Options exercised
28,156 shares
Common Stock acquired via option exercise at $71.19 per share
Exercise price
$71.19/share
Stock Option (Right to Buy) for Common Stock
Shares withheld for taxes
18,935 shares
Common Stock withheld at $163.92 per share for tax obligations
Withholding price
$163.92/share
Valuation used for tax-withholding disposition of Common Stock
Option expiration
February 9, 2028
Expiration date of exercised Stock Option (Right to Buy)
Option vesting
Three annual installments
Vesting began on first anniversary of grant date
Key Terms
tax-withholding disposition, Stock Option (Right to Buy), derivative security, dividend reinvestment, +1 more
5 terms
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
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.
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy) derivative security related to Common Stock"
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
dividend reinvestment financial
"enrolled in quarterly dividend reinvestment"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Cincinnati Financial (CINF) executive John S. Kellington report in this Form 4?
He reported exercising stock options and related tax withholding. On April 29, 2026, he exercised options for 28,156 Common Stock shares at $71.19 and had 18,935 shares withheld at $163.92 to satisfy tax liabilities, with no open-market trades disclosed.
What type of derivative security did John S. Kellington exercise at Cincinnati Financial (CINF)?
He exercised a Stock Option (Right to Buy) derivative security. The option related to 28,156 underlying Common Stock shares, had an exercise price of $71.19, vested in three annual installments, and carried an expiration date of February 9, 2028, according to the disclosure.
What do the footnotes in John S. Kellington’s Cincinnati Financial (CINF) Form 4 explain?
The footnotes state he is enrolled in quarterly dividend reinvestment, so beneficially owned shares are adjusted for reinvested dividends. They also explain the option vests in three annual installments beginning on the first anniversary of the grant date, clarifying the award’s vesting schedule.
AI-generated analysis. How Rhea-AI works. Not financial advice.
