Stephen Spray compensation by year
CINCINNATI FINANCIAL Summary Compensation Table · all 6 fiscal years held| Component | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2025 |
|---|---|---|---|---|---|---|
| Salary | $606,692 | $735,773 | $733,252 | $784,082 | $893,786 | $1,130,250 |
| Bonus | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock awards | $463,731 | $530,243 | $658,933 | $1,033,715 | $1,372,772 | $1,768,274 |
| Option awards | $305,561 | $354,462 | $413,189 | $743,498 | $855,096 | $1,703,668 |
| Non-equity incentive | $814,815 | $163,597 | $1,101,556 | $991,401 | $1,140,111 | $681,450 |
| Pension and deferred compensation | $256,168 | $530,698 | $261,978 | $0 | $398,237 | $619,823 |
| All other | $32,919 | $31,173 | $36,537 | $50,343 | $48,645 | $40,027 |
| Total | $2,479,885 | $2,345,946 | $3,205,446 | $3,603,039 | $4,708,647 | $5,943,492 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: CINCINNATI FINANCIAL CORP DEF 14A filed March 18, 2026, accession 0000020286-26-000015, and prior-year filings. Open the filing on EDGAR.
How this page was built: the CINCINNATI FINANCIAL CORP filed document, accession 0000020286-26-000015. Every figure is read from that document and cited to the page and table it appears in. Filed March 18, 2026.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| PSU | 14,003 | $2,286,970 | — |
| PSU | 12,385 | $2,022,718 | — |
| PSU | 6,810 | $1,112,209 | — |
| RSU | 2,065 | $337,256 | — |
| RSU | 1,556 | $254,126 | — |
| RSU | 605 | $98,809 | — |
| Option | 7,458 | — | $125.57 |
| Option | 31,670 | — | $112.36 |
| Option | 38,667 | — | $137.56 |
Per the Outstanding Equity Awards at Fiscal Year-End table in CINCINNATI FINANCIAL CORP's FY2025 proxy; value at the fiscal year-end close, as the company printed it.
CINCINNATI FINANCIAL’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| Stephen Spray · this page | President and Chief Executive Officer | $5,943,492 |
| Michael Sewell | Chief Financial Officer, Executive Vice President and Treasurer | $3,948,482 |
| Steven Johnston | Executive Chairman of the Board and former Chief Executive Officer | $2,776,442 |
| John Kellington | Chief Information Officer and Executive Vice President | $2,719,460 |
| Teresa Cracas | Chief Risk Officer and Executive Vice President | $2,498,212 |
Board service
CINCINNATI FINANCIAL board · FY2023–FY2025How this board is paid
Company policy: CINCINNATI FINANCIAL pays directors a $75,000 cash retainer and $75,000 in Stock. As stated in CINCINNATI FINANCIAL's FY2025 proxy.
Committees
Executive · Investment
The full CINCINNATI FINANCIAL compensation record
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How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are CINCINNATI FINANCIAL's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.
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