Form 4: Chubb Ltd Director Shasta Theodore Reports Stock Award and Tax Liability Transaction
SEC Form 4
Director Shasta Theodore reports acquisition of common shares as restricted stock award and disposition of shares to cover tax liability.
Summary
- On May 15, 2025, Shasta Theodore, a director of Chubb Ltd, acquired 771 common shares as a restricted stock award under the company's long-term incentive plan.
- The director also disposed of 180 common shares at a price of $292.05 to cover tax liabilities related to the award.
- Following these transactions, Shasta Theodore beneficially owns 15,581 common shares of Chubb Ltd.
Sentiment
Score: 5
Explanation: Neutral sentiment as it is a standard disclosure of stock transactions.
Positives
- The acquisition of restricted stock demonstrates alignment of the director's interests with those of the shareholders.
Industry Context
This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The stock award aligns the director's interests with shareholders.
Next Steps
- 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.
Key Dates
| Date | Description |
|---|---|
| 05/15/2025 | Date of stock award and tax liability transaction |
| 05/16/2025 | Date of signature on the report |
Keywords
Chubb Ltd, Director, Shasta Theodore, Form 4, Beneficial Ownership, Restricted Stock Award, Tax Liability, Common Shares
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