Cincinnati Financial (CINF) EVP exercises options, withholds shares for taxes

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.

Insider Trade Summary

28,156 shares exercised/converted

Mixed 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	--
Exercise	Common Stock	28,156	$71.19	$2.00M
Tax Withholding	Common Stock	18,935	$163.92	$3.10M

Holdings After Transaction: Stock Option (Right to Buy) — 0 shares (Direct, null); Common Stock — 138,736.373 shares (Direct, null)

Footnotes (1)

1. The reporting person is enrolled in quarterly dividend reinvestment. The beneficially owned shares have been adjusted to reflect shares purchased through the reinvestment plan. 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.

beneficially owned shares financial

"The beneficially owned shares have been adjusted"

Form 4 Insider Transactions: What Each Field Means →

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^*

KELLINGTON JOHN S

(Last) (First) (Middle)

6200 SOUTH GILMORE RD

(Street)

FAIRFIELD OHIO 45014

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	EVP, Chief Info Off. -Sub

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/29/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	04/29/2026		M		28,156	A	$71.19	138,736.373	D
Common Stock	04/29/2026		F		18,935	D	$163.92	120,366.658(1)	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
Stock Option (Right to Buy)	$71.19	04/29/2026		M			28,156	02/09/2019(2)	02/09/2028(2)	Common Stock	28,156	$0.00	0.00	D

Explanation of Responses:

1. The reporting person is enrolled in quarterly dividend reinvestment. The beneficially owned shares have been adjusted to reflect shares purchased through the reinvestment plan.

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

Remarks:

	/s/ John S Kellington	04/30/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

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.

Did John S. Kellington buy or sell Cincinnati Financial (CINF) shares on the open market?

The filing shows no open-market buying or selling. It reports an option exercise for 28,156 shares at $71.19 and a tax-withholding disposition of 18,935 shares at $163.92, both treated as compensation-related events rather than discretionary market trades.

How many Cincinnati Financial (CINF) shares were exercised and withheld in this Form 4?

Kellington exercised options covering 28,156 Common Stock shares at $71.19 per share. To cover associated tax obligations, 18,935 shares were withheld at $163.92 per share, leaving the net remaining shares from the exercise reflected in his updated direct holdings.

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.