McNamee Paul 4

What Happened

• Paul McNamee, Executive Vice President (Chubb Group and President, Overseas General Insurance), had 147 Chubb common shares withheld to satisfy a tax liability related to equity (transaction code F). The shares were valued at $337.92 each, for a total of about $49,674. This is a tax-withholding action (not an open-market sale or buy).

Key Details

• Transaction date: 2026-02-26; Filing date: 2026-03-02 (Form 4 accession 0001193125-26-085407).
• Price per share: $337.92; Shares withheld/disposed: 147; Total value reported: $49,674.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnote: F1 — "Common Shares withheld to pay tax liability."
• Transaction type: F (payment of exercise price or tax liability). Filing does not indicate a 10b5-1 plan or that the filing was late in the provided data.

Context

• Withholding shares to cover taxes is a routine administrative step following an award vesting or option exercise. It is effectively surrendering shares to the company to meet tax obligations, not a market sale intended to realize cash proceeds. Such transactions are common and usually do not signal a change in the insider’s view of the company.