Cracas Teresa C 4
Research Summary
AI-generated summary
Cincinnati Financial (CINF) EVP Teresa Cracas Receives Equity Awards
What Happened
- Teresa C. Cracas, EVP and Chief Risk Officer of Cincinnati Financial Corp (CINF), received three derivative equity awards on February 25, 2026. The awards are reported as: 8,160 units, 1,088 units, and 12,623 units (total 21,871 units) at a reported acquisition price of $0. These are grants/awards (Form 4 code A), not open-market purchases or sales.
Key Details
- Transaction date: 2026-02-25; Form 4 filed: 2026-02-27 (appears to be filed within the usual two-business-day window).
- Reported amounts: 8,160; 1,088; and 12,623 units (total 21,871 units). Each line is reported as acquired at $0 (derivative awards).
- Shares owned after the transaction: not provided in the supplied details (not reported here).
- Footnote summaries from the filing:
- F1: One set of restricted stock units (RSUs) vests on March 1, 2029 if performance goals are met (the number shown is the maximum that may vest).
- F2: One set of RSUs vests in three annual installments on March 1 subject to service requirements.
- F3: One option vests in three annual installments beginning on the first anniversary of grant.
- Transaction code: A = Award/Grant. No 10b5-1 plan, tax withholding, or late-filing flags were noted in the information provided.
Context
- These are compensation/retention awards (RSUs/options) with vesting and/or performance conditions; they do not represent an immediate cash purchase or sale. The reported $0 acquisition price reflects the grant nature; any future value depends on vesting and company stock performance. Grants are common for executive pay and do not by themselves indicate a trading view.