BOROUGHS TIMOTHY ALAN 4

What Happened Timothy Boroughs, Executive Vice President and Chief Investment Officer of Chubb Limited (CB), had two dispositions on May 21, 2026. The company withheld 4,751 common shares at $330.26 each (total value reported $1,569,065) to satisfy a tax liability. Separately, 930 restricted shares were forfeited (reported at $0) due to partial non‑satisfaction of performance-based criteria.

Key Details

• Transaction dates: May 21, 2026 (reported on Form 4 filed May 26, 2026).
• Withholding: 4,751 shares withheld at $330.26/share = $1,569,065 (code F — shares withheld to pay tax liability).
• Forfeiture: 930 shares disposed to issuer at $0.00 (code D — restricted shares forfeited).
• Footnotes: F1 indicates forfeiture arose from partial satisfaction of performance-based restricted stock awards under the 2016 LTIP; F2 notes common shares withheld to pay tax liability.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Filing timing: Form 4 was dated May 26 for a May 21 transaction (filed five days later); this appears later than the typical 2 business‑day SEC reporting expectation.

Context Withholding shares to cover tax obligations and forfeiting restricted shares due to performance metrics are routine administrative events and do not necessarily signal the insider’s view of company prospects. This was not an open‑market sale or a purchase; shares were retained by the issuer to satisfy tax and award terms. Purchases or open‑market sales generally carry clearer signals for retail investors than tax withholding or forfeiture events.