Schnell Andrew Michael 4

What Happened

• Andrew Michael Schnell, Senior Vice President (Sub) at Cincinnati Financial (CINF), had 641 restricted stock units (RSUs) convert into common shares on February 12, 2026. The conversion shows an acquisition of 641 shares at $0.00 (derivative conversion).
• To satisfy tax withholding, 224 of those shares were surrendered/withheld at $163.12 per share, totaling $36,539 (reported as a disposition under code F). The filing also records the cancellation/disposition entry for the derivative instrument tied to the 641 RSUs.
• This was an award/vesting event (not an open-market purchase or sale) — routine compensation-related vesting rather than a directional buy or sell of the insider’s stock.

Key Details

• Transaction dates: February 12, 2026 (vesting/conversion and tax withholding). Filing date: February 17, 2026.
• Prices and amounts: 641 shares converted at $0.00 (M = conversion of derivative); 224 shares withheld at $163.12 each for taxes = $36,539 (F = tax withholding).
• Shares owned after transaction: not specified in the provided Form 4 excerpt.
• Footnote: The RSUs vested on February 12, 2026 per the award agreement, subject to service requirements (F1).
• Filing timeliness: The Form 4 was filed Feb 17 for a Feb 12 transaction; this is later than the typical two-business-day Form 4 deadline and is noted in the filing.

Context

• This was a vesting/conversion of RSUs with shares withheld to cover tax obligations — a common, routine corporate compensation event. Such withholding is not a market sale signal about the insider’s view of the company.
• Transaction codes: M = conversion/exercise of a derivative (RSU conversion here); F = shares withheld/used to pay taxes.