O'Brien Frances D. 4

What Happened

• Frances D. O'Brien, Chief Risk Officer of Chubb Ltd (CB), disposed of 1,322 shares on May 21, 2026. Of those, 216 restricted shares were forfeited (reported at $0.00) and 1,106 common shares were withheld by the issuer to satisfy tax withholding at a per-share value of $330.26, totaling about $365,268. These actions are tax-withholding and forfeiture events—not open-market sales.

Key Details

• Transaction date: 2026-05-21 (reported on Form 4 filed 2026-05-26).
• Dispositions:
  • 216 shares — Disposition to issuer (code D) at $0.00 (forfeiture per footnote).
  • 1,106 shares — Withheld to pay tax liability (code F) at $330.26 per share; value ≈ $365,268.
• Shares owned after the transactions: not provided in the supplied filing excerpt.
• Footnotes:
  • F1: 216 shares forfeited due to partial satisfaction of performance-based criteria under Chubb’s LTIP.
  • F2: 1,106 common shares withheld to pay tax liability.
• Filing timeliness: Form 4 filed May 26, 2026 reporting May 21 transactions; no late-filing flag indicated.

Context

• These transactions reflect routine tax withholding and a forfeiture tied to performance-vested restricted stock, not an open-market sale or a new purchase. Withholding to satisfy taxes is common when restricted stock vests; forfeiture indicates some performance conditions were not fully met. This type of filing generally does not convey a direct buy/sell signal about the insider’s market view.