Ohsiek George F. 4

What Happened

• George F. Ohsiek, Chief Accounting Officer of Chubb Ltd (CB), exercised stock options to acquire 2,112 shares at $118.39 per share (cost $250,040) on 2026-02-12.
• He sold a total of 5,140 common shares in open-market transactions: 1,240 shares on 2026-02-12 for $328.97 each (proceeds $407,923) and 3,900 shares on 2026-02-13 for $324.30 each (proceeds $1,264,775). Total sale proceeds ≈ $1,672,698.
• The filing also reports 2,112 derivative shares disposed at $0.00, which typically reflects shares surrendered for option exercise costs or tax withholding (see footnotes).

Key Details

• Transaction dates: exercise on 2026-02-12; sales on 2026-02-12 and 2026-02-13. Filing date: 2026-02-17 (covers trades 2/12–2/13).
• Exercise detail: 2,112 shares acquired at $118.39 (M = option exercise). Acquisition value = $250,040.
• Sales detail: 1,240 shares @ $328.97 (F1); 3,900 shares @ $324.30 (weighted avg; actual range $323.53–$324.89 per F2). Total proceeds ≈ $1,672,698.
• Shares owned after the transactions: not specified in the provided summary.
• Notable footnotes: F1/F2 explain sale-price reporting (one sale at same price; the other reported as a weighted average across a small price range). F3/F4 note vesting history and that totals include previously reported option tranches.
• Derivative code/key: M = option exercise; the $0.00 disposal likely reflects withholding/surrendered shares related to the exercise.

Context

• This was an option exercise accompanied by open-market sales. When exercised shares are sold soon after acquisition (as here), it often represents a cashless or partial cashless exercise and routine monetization rather than a straightforward purchase signal.
• The sales generated substantially more proceeds than the exercise cost; however, without post-transaction holdings reported here, no conclusion about net holding change should be made.
• All facts above are from the Form 4 filing; no inference about the insider’s motives is made.