Ortega Juan Luis 4

What Happened
Juan Luis Ortega, Executive Vice President (Chubb Group and President, North America Insurance), reported two dispositions related to restricted stock on 2026-05-21. He forfeited 924 restricted shares back to the issuer for $0 (partial forfeiture under performance criteria) and had 5,820 common shares withheld to cover his tax liability at $330.26 per share, totaling approximately $1,922,113. These were compensation-related transactions (forfeiture and tax withholding), not open-market sales.

Key Details

• Transaction date: 2026-05-21; Filing date: 2026-05-26 (filed 5 days after the transaction; appears about 1 business day late vs. the typical 2-business-day Form 4 deadline).
• Dispositions: 924 shares disposed to issuer at $0.00 (forfeiture); 5,820 shares withheld at $330.26 each, proceeds ~$1,922,113. Total shares affected: 6,744.
• Shares owned after the transactions: Not disclosed in the provided filing summary.
• Footnotes: F1 — 924 shares forfeited due to partial satisfaction of performance-based criteria under the 2016 Long-Term Incentive Plan. F2 — 5,820 common shares withheld to pay tax liability.
• Transaction type codes: D = disposition to issuer (forfeiture), F = tax withholding (shares surrendered to cover tax).

Context
These actions are routine compensation adjustments: a partial forfeiture tied to performance vesting and a standard share-withholding to satisfy taxes on awards. They do not represent an open-market sale or a direct buy that would indicate a trading sentiment by the insider.