Form 4: Chubb Ltd Executive Vice President Timothy Alan Boroughs Reports Changes in Beneficial Ownership

Executive Vice President of Chubb Ltd, Timothy Alan Boroughs, reports the disposal of common shares to cover tax liabilities, resulting in adjustments to his beneficial ownership.

Summary

• On February 23, 2024, Timothy Alan Boroughs, an Executive Vice President of Chubb Ltd, disposed of 195 common shares to cover tax liabilities at a price of $256.01 per share.
• On February 24, 2024, Boroughs disposed of 196 common shares for the same reason, also at $256.01 per share.
• On February 25, 2024, a further 210 common shares were disposed of for tax purposes at $256.01 per share.
• Following these transactions, Boroughs directly owns 50,486 common shares.
• Boroughs also has indirect ownership through his wife (590 shares), a family foundation (2,335 shares), and trusts (40,000 and 38,000 shares).

Sentiment

Score: 5

Explanation: The document is a standard SEC filing regarding stock transactions for tax purposes, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company executive, which is a common practice in publicly traded companies.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to tax obligations of an executive.

Key Dates