Sandercox Robert Philip 4

What Happened

• Robert Philip Sandercox, Senior Vice President of Cincinnati Financial Corp (CINF), reported the vesting/conversion of 1,829 restricted/derivative shares on Feb 12, 2026. The vested shares were reported at $0 per share (typical for RSU conversions).
• To satisfy tax withholding, 616 of those shares were disposed/withheld at $163.12 per share for a total withholding amount of $100,482. The filing also shows a second derivative line for 1,829 shares reported as disposed at $0 (likely a reporting/mechanics entry).

Key Details

• Transaction date: February 12, 2026.
• Primary entries: 1,829 shares converted/vested (derivative exercise/conversion, code M) at $0; 616 shares withheld/disposed for taxes (code F) at $163.12 each = $100,482.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes of note:
  • F2: These were restricted stock units that vest Feb 12, 2026 (if service requirements are met).
  • F3: The filing also references phantom stock under the company’s Top Hat Savings Plan (Excess Benefits Plan) that is settled on retirement/termination.
  • F1: Mentions shares acquired under the company 401(k) plan (plan mechanics/transferability).
• Filing date: Feb 17, 2026 (five days after the reported transaction). Form 4s are normally due within 2 business days; check the official filing for any timeliness flag.

Context

• This was not an open-market purchase or investment decision — it reflects RSU vesting and standard tax withholding (a common administrative sale of shares to cover taxes).
• The taxable value realized by the withholding was about $100.5k. Such withholding transactions are routine and do not by themselves indicate a buy or sell signal from the insider.