Hu Fred 4

What Happened

• Fred Hu, a director of Chubb Limited (CB), was awarded 1,135 restricted common shares on 2026-05-21 as director compensation under Chubb’s long-term incentive plan. The grant’s acquisition value is not listed in the filing.
• To cover tax withholding, 193 of the awarded shares were surrendered/withheld at $330.26 per share, totaling $63,740. This withholding is reported as disposition code F.

Key Details

• Transaction date: 2026-05-21; Form 4 filed: 2026-05-26.
• Reported actions: A = Award/Grant of 1,135 restricted shares; F = 193 shares withheld to pay tax liability (193 shares × $330.26 = $63,740).
• Shares owned after the transaction: not specified in the filing.
• Footnotes: (F1) Award granted as director fees under Chubb’s long-term incentive plan and qualifies under Rule 16b-3; the restricted stock vests on the day of the next annual Chubb shareholders meeting if the reporting person remains a director. (F2) Common shares were withheld to pay tax liability.
• Filing timing: the Form 4 was filed five days after the transaction date; this appears later than the typical two-business-day Form 4 deadline.

Context

• This was a compensation award to a director, not an open-market purchase or a voluntary sale—such awards are routine and administrative rather than a clear bullish or bearish signal.
• The restricted shares have vesting conditions (dependent on continued service through the next annual meeting); withheld shares to satisfy taxes are a common administrative step.