Form 4: Chubb Ltd. Chairman & CEO Evan G. Greenberg Reports Stock Disposal for Tax Obligations
SEC Form 4
Evan G. Greenberg, Chairman & CEO of Chubb Ltd, disposed of 53,936 common shares to cover tax liabilities on May 16, 2024.
Summary
- On May 16, 2024, Evan G. Greenberg, the Chairman & CEO of Chubb Ltd, disposed of 53,936 common shares.
- The transaction was executed to cover tax liabilities.
- The price per share was $264.88.
- Following the transaction, Greenberg directly owns 613,648 common shares.
- Greenberg also indirectly owns 136 common shares through his wife and 41,564 common shares through his daughter's trust.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction for tax purposes.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover tax liabilities arising from stock awards or option exercises.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of transaction: Disposal of common shares to cover tax liability. |
| 05/20/2024 | Date of signature by Attorney-in-Fact. |
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