Buese Nancy 4

What Happened

• Nancy Buese, a director of Chubb Ltd (CB), was granted a restricted stock award of 1,135 common shares on May 21, 2026. The award is reported as an acquisition (award/grant).
• On the same date, 321 shares were withheld to cover her tax liability at a withholding price of $330.26 per share, resulting in proceeds of $106,013 (reported as a disposal to satisfy taxes).
• This was an award (acquisition) rather than an open‑market purchase; the withholding is a routine tax-withholding disposition.

Key Details

• Transaction date: 2026-05-21.
• Award: 1,135 restricted shares (price N/A — awarded as director fees under the long-term incentive plan).
• Tax withholding: 321 shares withheld @ $330.26 per share = $106,013.
• Shares owned after transaction: Not provided in the reported data.
• Footnotes: F1 — award is a restricted stock grant under Chubb’s LTIP and vests on the day of the next annual shareholders’ meeting if Buese remains a director; F2 — shares withheld to pay tax liability.
• Timeliness: Form 4 was filed on 2026-05-26 for a 2026-05-21 transaction, which appears to be filed late (outside the typical two-business-day Form 4 window).

Context

• Restricted stock awards given as director compensation are common and are governed by Rule 16b-3 when structured for insiders; they generally vest over time or upon a specified event (here, the next annual meeting).
• The 321-share disposition was a tax withholding, not a voluntary sale — tax withholdings are routine and do not necessarily indicate the director’s view of the company.