BOROUGHS TIMOTHY ALAN 4

What Happened

• Timothy Alan Boroughs, Executive Vice President and Chief Investment Officer of Chubb Ltd (CB), had 277 common shares withheld to satisfy tax liabilities tied to an option exercise. The withholding was recorded as a disposition at $336.85 per share for a total of about $93,307.

Key Details

• Transaction date: 2026-02-24; Filing date: 2026-02-26 (filed within the typical two-business-day Form 4 window).
• Price per share: $336.85; Shares withheld/disposed: 277; Reported value: $93,307.
• Footnote: F1 — common shares were withheld to pay the tax liability (tax-withholding / cashless withholding), not an open-market sale for investment reasons.
• Shares owned after the transaction: not specified in the provided filing details.
• Transaction code: F (Payment of exercise price or tax liability).

Context

• This was a tax-withholding disposition associated with an option exercise (cashless withholding). That means shares were retained/forfeited to cover taxes rather than signaling an open-market sell decision; such transactions are routine following exercises and should not be read as a direct market sentiment indicator.