Schnell Andrew Michael 4

What Happened
Andrew Michael Schnell, Senior Vice President (Sub) of Cincinnati Financial Corp. (CINF), was granted equity awards on 2026-02-25. The filing shows three derivative awards acquired at $0.00: 3,434 restricted stock units (RSUs), 573 RSUs, and 5,310 stock options. These are grants (awards), not open-market purchases or sales, so no cash changed hands at grant.

Key Details

• Transaction date: 2026-02-25; Form 4 filed 2026-02-27 (timely).
• Reported acquisition amounts and prices:
  • 3,434 units @ $0.00 (Derivative) — footnote F1 (performance-based RSUs; maximum number that may vest; vest March 1, 2029 if performance goals met).
  • 573 units @ $0.00 (Derivative) — footnote F2 (time-based RSUs; vest in three annual installments on March 1 subject to service).
  • 5,310 units @ $0.00 (Derivative) — footnote F3 (stock option; vests in three annual installments beginning on the first anniversary of grant).
• Total cash paid at grant: $0.00 (awarded).
• Shares owned after the transaction: not provided in the supplied summary.
• No 10b5-1 plan, tax-withholding, or late-filing flags noted in the provided data.

Context

• RSUs and stock options are common long-term compensation. RSUs convert to shares upon vesting; options give the right to buy shares at a set price once vested. These awards are subject to vesting conditions (time or performance) and are not immediate purchases or sales.
• Because these are grants, they do not by themselves indicate the insider is buying or selling stock in the open market; they reflect compensation and future potential ownership if vesting conditions are met.