Form 4: Chubb Ltd Director Robert W. Scully Reports Stock Award and Tax Liability Transaction

Director Robert W. Scully reports acquisition of restricted stock and shares withheld for tax liability related to director fees.

Summary

• Robert W. Scully, a director of Chubb Ltd, reported transactions involving Chubb Ltd common shares on May 15, 2025.
• Scully acquired 1,421 shares of restricted stock as director fees under the Chubb Limited long-term incentive plan.
• These shares will vest on the date of the next annual Chubb Limited shareholders meeting, assuming Scully is still a director.
• Additionally, 345 common shares were withheld to cover tax liabilities at a price of $292.05 per share.
• Following these transactions, Scully directly owns 19,497 common shares and indirectly owns 3,435 shares through the Robert W Scully 2015 Revocable Trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and alignment of director interests with shareholders.

Positives

• The acquisition of restricted stock indicates continued alignment of the director's interests with the company's long-term performance.

Future Outlook

The restricted stock will vest on the day of the next annual Chubb Limited shareholders meeting, assuming the reporting person is a director of Chubb Limited on such date.

Industry Context

This filing is a routine disclosure related to director compensation and stock ownership, common in the insurance industry where equity-based compensation is prevalent.

Comparison to Industry Standards

• Director compensation packages often include restricted stock awards to align director interests with shareholder value, a common practice among Chubb's peers such as American International Group (AIG) and Prudential Financial.
• The vesting schedule tied to continued service as a director is a standard condition in such awards, similar to practices observed at companies like MetLife and Allstate.

Stakeholder Impact

• The stock transactions have a minor impact on shareholders, reflecting standard director compensation practices.

Next Steps

• The restricted stock will vest upon the next annual Chubb Limited shareholders meeting, contingent on continued service as a director.

Key Dates

Keywords

Chubb Ltd, Robert W. Scully, Director, Form 4, Beneficial Ownership, Restricted Stock, Tax Liability, Shareholder Meeting