Form 4: Chubb Ltd Executive Vice President Reports Tax Liability Share Withholding
SEC Form 4 Filing
Executive Vice President Joseph F. Wayland of Chubb Ltd reports the withholding of 6,123 common shares to cover tax liabilities on May 16, 2024.
Summary
- On May 16, 2024, Joseph F. Wayland, an Executive Vice President of Chubb Ltd, had 6,123 common shares withheld to cover tax liabilities.
- The shares were withheld at a price of $264.88 per share.
- Following the transaction, Wayland directly owns 90,844.354 common shares of Chubb Ltd.
Sentiment
Score: 5
Explanation: The document is a neutral report of a routine transaction related to tax obligations.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering executive tax liabilities.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of transaction: Common Shares withheld to pay tax liability |
| 05/20/2024 | Date of signature for the report |
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