KELLINGTON JOHN S 4

What Happened
John S. Kellington, EVP and Chief Information Officer of Cincinnati Financial (CINF), received three equity awards on February 25, 2026 totaling 24,020 restricted stock units (RSUs) or similar derivative awards (8,962; 1,195; and 13,863 units). Each grant is reported at $0.00 per unit (typical for RSU awards — no cash paid at grant). These are grants/awards (not open-market purchases or sales) and represent future shares subject to vesting conditions.

Key Details

• Transaction date: 2026-02-25; Form filed: 2026-02-27 (filed two days after the transaction).
• Transaction type/price: Grant/Award (derivative) — 8,962 @ $0.00; 1,195 @ $0.00; 13,863 @ $0.00. Total = 24,020 units.
• Shares owned after transaction: Not disclosed in the provided filing extract.
• Relevant footnotes:
  • F1: Beneficial ownership adjusted for quarterly dividend reinvestment.
  • F2: Some RSUs are performance-based — the number shown may be the maximum that can vest; vesting date referenced March 1, 2029.
  • F3: Some RSUs vest in three annual installments on March 1 if service requirements are met.
  • F4: (relates to option vesting schedules in the filing) option vesting occurs in three annual installments beginning on the first anniversary of grant.
• Implication: These awards are compensation-based grants (derivatives) and do not involve an immediate cash purchase or sale of stock.

Context
RSUs/derivative awards are promises to deliver shares in the future if vesting and/or performance conditions are satisfied; they do not represent an immediate market transaction or realized proceeds. Such grants are common as executive compensation and should be viewed as future potential dilution rather than an active buy/sell endorsement.