Form 4: Chubb Executive Vice President Timothy Boroughs Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Executive Vice President of Chubb Ltd, Timothy Alan Boroughs, reports disposing of 5,865 common shares to cover tax liabilities on May 16, 2024.
Summary
- On May 16, 2024, Timothy Alan Boroughs, Executive Vice President of Chubb Ltd, disposed of 5,865 common shares.
- The shares were disposed of to cover tax liability at a price of $264.88 per share.
- Following the transaction, Boroughs directly owns 29,797 common shares.
- Boroughs also indirectly owns 38,446 shares through a trust, 34,447 shares through his wife's trust, and 2,335 shares through a family foundation.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding share disposal for tax purposes, with neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of transaction: disposal of 5,865 common shares for tax liability. |
| 05/20/2024 | Date of signature on the Form 4 filing. |
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