Form 4: Chubb Ltd. Chairman & CEO, Evan G. Greenberg, Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Evan G. Greenberg, Chairman & CEO of Chubb Ltd, reports the withholding of 2,279 common shares to cover tax liabilities on February 27, 2024.
Summary
- On February 27, 2024, Evan G. Greenberg, the Chairman & CEO of Chubb Ltd, reported a transaction involving the withholding of 2,279 common shares to cover tax liabilities.
- The shares were withheld at a price of $254.87 per share.
- Following the transaction, Greenberg directly owns 668,613 common shares.
- He also indirectly owns 136 common shares through his wife and 41,564 common shares through his daughter's trust.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine transaction (tax withholding). It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, like the CEO of Chubb, when changes occur in their beneficial ownership of the company's securities. It provides transparency to the market regarding the transactions of company leadership.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard tax withholding procedure.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of transaction: Common Shares withheld to pay tax liability. |
| 02/29/2024 | Date of signature on the report. |
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