BURKE SHEILA P 4
Research Summary
AI-generated summary
Chubb (CB) Director Sheila Burke Sells 193 Shares (Tax Withholding)
What Happened
Sheila P. Burke, a director of Chubb Ltd (CB), had 193 common shares withheld on 2026-05-21 to satisfy a tax liability related to vested awards. The shares were recorded at $330.26 each, for a total value of approximately $63,740. This disposition is a tax withholding (F) rather than an open-market sale.
Key Details
- Transaction date and price: 2026-05-21, 193 shares at $330.26 each (total ~$63,740).
- Transaction type/code: F — shares withheld to pay tax liability.
- Filing date: 2026-05-26 (filed 5 days after the transaction; appears to be late relative to the typical 2-business-day Form 4 deadline).
- Shares owned after transaction: Not specified in this Form 4 filing.
- Relevant footnotes:
- F1: Common shares withheld to pay tax liability.
- F2: Market Value Units (MVUs) are fully vested and payable in common shares at separation unless deferred.
- F3: Total holdings note includes previously reported MVUs plus 150.31 shares credited via dividend investment provisions.
Context
This was a routine tax-withholding disposition tied to vested market-value awards (not an intentional market sale). Such withholdings are common when equity awards vest and do not by themselves indicate the insider's view of the company's stock.