Form 4: Chubb Ltd. Executive Annmarie T. Hagan Reports Stock Option Exercise and Sale
SEC Form 4 Filing
Annmarie T. Hagan, Chief Accounting Officer of Chubb Ltd, exercised stock options and sold shares on May 16, 2024.
Summary
- On May 16, 2024, Annmarie T. Hagan, Chief Accounting Officer of Chubb Ltd, exercised options to acquire 2,303 common shares at a price of $139.01.
- Following the exercise, Hagan sold 1,529 common shares at a weighted average price of $263.81, with prices ranging from $263.610 to $263.901 per share.
- After these transactions, Hagan directly owns 7,718 common shares and 17,117 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies like Chubb Ltd, ensuring compliance with SEC regulations.
- Similar filings are made by executives at comparable companies such as American International Group (AIG) and The Travelers Companies (TRV) when they engage in transactions involving their company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 02/23/2018 | Stock options vested in equal installments. |
| 02/23/2019 | Stock options vested in equal installments. |
| 02/23/2020 | Stock options vested in equal installments. |
| 02/23/2027 | Expiration date of options to acquire common shares. |
| 05/16/2024 | Date of transaction: exercise of stock options and sale of common shares. |
| 05/17/2024 | Date of signature by Attorney-in-Fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.