Boroughs Timothy Alan's Form 4 filing
Chubb Ltd (CB) · filed Feb 28, 2024
- Accession no.
- 0001213900-24-018146
- Filed
- Feb 28, 2024
- Trade date
- Feb 26, 2024
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 4 non-derivative transactions and 4 derivative transactions. Open-market sales total $8.46M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Boroughs Timothy AlanCIK 0001577594 | Officer (Executive Vice President*) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 26, 2024 | Common Shares | MOption exerciseAcquired | +16,115 | $114.78 | +$1,849,679.7 | 66,601 | Direct | |
| Feb 26, 2024 | Common Shares | SSaleDisposed | −16,115 | $255.26F1 | −$4,113,514.9 | 50,486 | Direct | |
| Feb 26, 2024 | Common Shares | MOption exerciseAcquired | +17,035 | $118.39 | +$2,016,773.65 | 67,521 | Direct | |
| Feb 26, 2024 | Common Shares | SSaleDisposed | −17,035 | $254.96F2 | −$4,343,243.6 | 50,486 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 26, 2024 | Common Shares | MOption exerciseDisposed | −16,115 | $0.00 | $0 | 108,151 | Direct | |
| Feb 26, 2024 | Common Shares | MOption exerciseDisposed | −17,035 | $0.00 | $0 | 91,116 | Direct | |
| Feb 26, 2024 | Common Shares | AGrant or awardAcquired | +9,811 | $0.00F6 | $0 | 9,811 | Direct | |
| Feb 26, 2024 | Common Shares | AGrant or awardAcquired | +6,377 | $0.00F7 | $0 | 16,188 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
The Common Shares reported herein as being sold were sold at a range of between $254.815 and $255.660 per share. The sale price reported above represents the weighted average sale price for the reported transaction and has been rounded to the nearest cent. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such price range.
Referenced by the price of 1 transaction in Table I.
- F2
The Common Shares reported herein as being sold were sold at a range of between $254.880 and $255.315 per share. The sale price reported above represents the weighted average sale price for the reported transaction and has been rounded to the nearest cent. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such price range.
Referenced by the price of 1 transaction in Table I.
- F6
Award of performance stock units ("PSUs") pursuant to the Chubb Limited 2016 Long-Term Incentive Plan (the "Plan") that vests in whole or in part on the third anniversary of the award subject to the satisfaction of certain service and performance-based criteria. Each PSU represents a contingent right to receive one Common Share, and any PSUs that have not vested at the third anniversary of the award will be cancelled. Dividends shall be accumulated and distributed only when, and to the extent that the PSUs have vested.
Referenced by the price of 1 transaction in Table II.
- F7
Award of PSUs pursuant to the Plan representing a premium performance award with respect to the PSUs described above that vests in whole or in part on the third anniversary of the award subject to the satisfaction of certain service and performance-based criteria. Each PSU represents a contingent right to receive one Common Share, and any PSUs that have not vested at the third anniversary of the award will be cancelled. Dividends shall be accumulated and distributed only when, and to the extent that the PSUs have vested.
Referenced by the price of 1 transaction in Table II.
Remarks
*& Chief Investment Officer, Chubb Limited