Stephen M Spray Gives Spouse Cincinnati Financial Shares Worth An Estimated $10.4 Million
The estate-planning gift leaves the CEO reporting 72,731 shares, including the stock held through his spouse.
Stephen M Spray, president and CEO of Cincinnati Financial, a property casualty insurance holding company, gave his spouse 55,000 shares Friday for estate planning, according to an SEC insider-trading report filed Tuesday. The gift was worth an estimated $10.4 million at prices in Tuesday trading.
Shares Stay In Reported Holdings
Spray reported 17,731 shares directly following the transfer, alongside 55,000 held through his spouse. His reported holdings total 72,731 shares, worth an estimated $13.8 million at prices in Tuesday trading.
The transaction records both sides of the gift: 55,000 shares left his direct ownership, and the same amount entered the ownership line for his spouse. The transfer therefore changes how those shares are held within his reported stake.
An Advance For The Insurer
Cincinnati Financial shares gained 14% this year through Monday's close. Over the past 12 months through that same session, the stock rose about 13%.
The insurer sells policies through independent agencies in 46 states. Commercial insurance accounted for 47.9% of its $10.4 billion in net written premiums in 2025, with personal insurance the next-largest contributor.
The 55,000 gifted shares remain part of Spray's reported holdings, now held through his spouse rather than directly.
Sources
- Form 4 — Stephen M Spray (CINF) — SEC EDGAR
