Form 4: Chubb Ltd Executive Vice President Timothy Alan Boroughs Reports Stock Transaction
SEC Form 4 Filing
Executive Vice President Timothy Alan Boroughs of Chubb Ltd reports the disposal of 521 common shares to cover tax liability on February 27, 2024.
Summary
- On February 27, 2024, Timothy Alan Boroughs, an Executive Vice President at Chubb Ltd, disposed of 521 common shares.
- The transaction was executed to cover tax liability.
- The price per share was $254.87.
- Following the transaction, Boroughs directly owns 49,965 common shares.
- Boroughs also has indirect ownership through his wife (590 shares), a family foundation (2,335 shares), a trust (40,000 shares), and his wife's trust (38,000 shares).
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine stock transaction. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This is a routine disclosure of stock transactions by a company executive, as required by SEC regulations. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares disposed of to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of stock transaction (disposal of shares). |
| 02/29/2024 | Date of signature on the report. |
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.