Chubb (CB) EVP Wayland Joseph F Withholds 144 Shares for Taxes

What Happened

• Wayland Joseph F, Executive Vice President and General Counsel of Chubb Ltd (CB), had 144 common shares withheld to satisfy a tax liability related to equity compensation. The withholding was at $338.74 per share, totaling approximately $48,779. The filing reports this as a disposition (code F), which is a routine tax-withholding action rather than an open-market sale.

Key Details

• Transaction date: 2026-09-01
• Filing date (Form 4): 2026-09-03 (appears timely)
• Withheld: 144 shares at $338.74 per share; total value ≈ $48,779
• Shares owned after transaction: Not disclosed in this filing
• Footnote: F1 — "Common Shares being withheld in order to pay tax liability."
• Transaction code: F = payment of exercise price or tax withholding

Context

• This type of withholding is common when options vest or RSUs settle; shares are retained to cover taxes rather than sold on the open market. Such transactions are generally routine and do not necessarily signal the insider's view of the company's prospects.