Form 4: Cincinnati Financial Corp: Chairman Steven J Johnston Executes Stock Option and Disposes of Shares
SEC Form 4
Chairman Steven J Johnston exercised stock options and disposed of shares of Cincinnati Financial Corp on October 28, 2024.
Summary
- On October 28, 2024, Steven J Johnston, Chairman of Cincinnati Financial Corp, exercised a stock option to acquire 13,573 shares of common stock at a price of $52.25.
- Following the exercise, Johnston disposed of 8,646 shares at $143.25.
- After these transactions, Johnston directly owns 187,928 shares of Cincinnati Financial Corp common stock.
- Johnston also holds 177,192 phantom stock shares through the company's Top Hat Savings Plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in beneficial ownership.
- The transactions do not appear to have any impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/13/2016 | Start date of option vesting in three annual installments |
| 02/13/2025 | Expiration date of stock options |
| 10/28/2024 | Date of stock option exercise and share disposal |
| 10/30/2024 | Date of signature |
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