Cincinnati Financial (CINF) EVP exercises awards and withholds shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cincinnati Financial Corp executive Will H. Van Den Heuvel reported multiple equity award transactions. On March 2, 2026, he acquired common shares through exercises or conversions of performance stock units and restricted stock units that vested on March 1, 2026, after performance goals were met at the maximum level and service-based vesting schedules were satisfied.
To cover tax liabilities, he disposed of blocks of common stock at a price of $163.43 per share, leaving 38,410 shares owned directly after these withholding transactions. He also reports indirect ownership of 3,036 shares through the company 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,229 shares exercised/converted
Mixed
13 txns
Insider
Van Den Heuvel Will H
Role
Exec Vice President - Sub
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 7,006 | $0.00 | -- |
| Exercise | Restricted Stock Units | 389 | $0.00 | -- |
| Exercise | Restricted Stock Units | 452 | $0.00 | -- |
| Exercise | Restricted Stock Units | 382 | $0.00 | -- |
| Exercise | Common Stock | 382 | $0.00 | -- |
| Exercise | Common Stock | 389 | $0.00 | -- |
| Exercise | Common Stock | 7,006 | $0.00 | -- |
| Exercise | Common Stock | 452 | $0.00 | -- |
| Tax Withholding | Common Stock | 197 | $163.43 | $32K |
| Tax Withholding | Common Stock | 167 | $163.43 | $27K |
| Tax Withholding | Common Stock | 170 | $163.43 | $28K |
| Tax Withholding | Common Stock | 2,340 | $163.43 | $382K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Stock Units — 0 shares (Direct);
Restricted Stock Units — 0 shares (Direct);
Common Stock — 33,437 shares (Direct);
Common Stock — 3,036 shares (Indirect, By 401(k) Plan)
Footnotes (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 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, 2026. 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, 2028.
FAQ
What insider transactions did CINCINNATI FINANCIAL CORP (CINF) report for Will H. Van Den Heuvel?
Cincinnati Financial’s executive Will H. Van Den Heuvel reported exercising performance and restricted stock units into common shares on March 2, 2026. These awards had vested on March 1, 2026, reflecting met performance goals and completed service-based vesting schedules under prior grant agreements.
What was the purpose of the Cincinnati Financial (CINF) stock dispositions reported in this Form 4?
The common stock dispositions were reported with transaction code F, indicating shares were withheld to pay tax liabilities. Shares were delivered at a price of $163.43 per share, reflecting tax-withholding dispositions rather than open-market selling activity by the executive officer.
What triggered the vesting of restricted stock units for Cincinnati Financial (CINF) executive Will H. Van Den Heuvel?
Restricted stock units vested on March 1, 2026, under grant agreements providing for ratable vesting over three-year service periods. Separate tranches referenced service periods ending March 1 of 2026, 2027, and 2028, indicating ongoing, multi-year equity incentive structures for the executive.
How were performance stock units treated in the Cincinnati Financial (CINF) Form 4 filing?
Performance stock units became payable on March 1, 2026, after performance goals were achieved at the maximum level. Following this achievement, they were exercised or converted into common stock for Will H. Van Den Heuvel, contributing to his updated reported direct share ownership.