Brown Roger A 4
Research Summary
AI-generated summary
Cincinnati Financial (CINF) COO Roger A. Brown Receives Equity Awards
What Happened
Roger A. Brown, Senior Vice President and COO of a Cincinnati Financial subsidiary, was granted equity awards on February 25, 2026. The filing shows three derivative awards totaling a maximum of 11,749 underlying shares: 4,330 restricted stock units (performance-based), 722 restricted stock units (time-based), and 6,697 stock option units. All awards were granted at $0.00 (i.e., granted as compensation rather than purchased).
Key Details
- Transaction date: 2026-02-25; grant price reported $0.00 (code A — award/grant).
- Total potential shares shown: 11,749 (4,330 + 722 + 6,697).
- Shares owned after the transaction: Not specified in this filing.
- Footnotes from the filing:
- F1: 4,330 RSUs vest March 1, 2029 if performance goals are met; number shown is the maximum that may vest.
- F2: 722 RSUs vest in three annual installments on March 1 if service requirements are met.
- F3: 6,697 option vests in three annual installments beginning on the first anniversary of the grant.
- Filing date: Form 4 filed Feb 27, 2026 (filed two days after the grant; within the typical two-business-day reporting window).
Context
These are compensation grants (restricted stock units and an option) and represent potential future ownership if vesting conditions are met. Performance-based RSUs only convert to shares if stated goals are achieved; time-based RSUs vest with continued service; options must be vested and then exercised to become shares. Grants reported at $0 reflect issuance terms, not immediate cash value or proceeds.