BOROUGHS TIMOTHY ALAN 4

What Happened

• Timothy Alan Boroughs — Executive Vice President and Chief Investment Officer of Chubb Limited — exercised two option tranches and sold the resulting 27,817 common shares the same day (cashless/same-day sale).
• He exercised 13,181 options at $143.07 (cost $1,885,806) and 14,636 options at $133.90 (cost $1,959,760), then sold those 13,181 and 14,636 shares in the open market at $331.98 each.
• Gross proceeds from the sales totaled $9,234,687; the cash paid to exercise the options totaled $3,845,566, for a pre-tax/net-before-fees difference of about $5,389,121. The filing also lists the derivative instruments as disposed at $0, reflecting conversion of the options into shares.

Key Details

• Transaction date: February 6, 2026; Form 4 filed Feb 10, 2026 (reports the Feb 6 trades).
• Exercise details: 13,181 @ $143.07 (acquired), 14,636 @ $133.90 (acquired).
• Sale details: 13,181 @ $331.98, 14,636 @ $331.98 (all sold at same price per footnote).
• Shares owned after transaction: not specified in the provided excerpt.
• Footnotes: F1 notes both sold tranches were at the same sale price; F2/F3 list vesting schedules for the option tranches (vested across 2019–2022); F4 notes totals include previously reported option tranches with different terms.
• Transaction types: M = option exercise/conversion; S = open-market sale.

Context

• This is a typical exercised-option + immediate sale (cashless or sell-to-cover) transaction: the insider converted vested options into shares and sold them the same day to realize value. Such transactions often reflect routine option-exercise liquidity rather than a directional statement about the company.
• Footnotes show these options vested in prior years (2019–2022), so these were vested/eligible-for-exercise options rather than new grants.