CONNORS MICHAEL P 4

What Happened
Michael P. Connors, a director of Chubb Ltd (CB), was granted 681 restricted common shares as director fees on 2026-05-21. Of those shares, 193 were withheld to cover tax withholding at a reported fair value of $330.26 per share (193 x $330.26 = $63,740). Net of the withholding, Connors received 488 shares. The award is reported as an acquisition (A) and the withholding is recorded as tax payment (F).

Key Details

• Transaction date: 2026-05-21; Form 4 filed: 2026-05-26 (filed 5 days after the transaction date).
• Award: 681 restricted shares granted (code A); acquisition price N/A (award).
• Tax withholding: 193 shares withheld (code F) at $330.26/share = $63,740 surrendered to cover taxes.
• Net shares received: 488 (681 granted minus 193 withheld).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — award is restricted stock granted as director fees under Chubb’s long-term incentive plan and vests on the day of the next annual shareholders meeting if Connors remains a director. F2 — common shares were withheld to pay the tax liability.
• Transaction codes: A = Award/Grant; F = Tax withholding (not an open-market sale).

Context
This was a routine director compensation award, not a market purchase or sale by the insider. The restricted shares vest only at the next annual shareholders meeting (contingent on continued service), so these shares are subject to future vesting conditions. Tax-withholding via share surrender is a common cashless method to satisfy tax obligations and should not be interpreted as a directional buy or sell signal.