Form 4: Chubb Ltd. Senior Vice President Forfeits Restricted Stock Due to Performance Criteria

Bryce L. Johns, a Senior Vice President at Chubb Ltd., forfeited 247 common shares of restricted stock due to partial satisfaction of performance-based criteria.

Summary

• On May 15, 2025, Bryce L. Johns, a Senior Vice President at Chubb Ltd., forfeited 247 common shares.
• The forfeiture was due to the partial satisfaction of certain performance-based criteria related to restricted stock awarded under the Chubb Limited 2016 Long-Term Incentive Plan.
• Following the transaction, Johns directly owns 21,916 common shares.

Sentiment

Score: 5

Explanation: The document is neutral, reporting a standard transaction related to executive compensation. The forfeiture itself could be seen as slightly negative, but it's a normal part of performance-based compensation.

Negatives

• Bryce L. Johns forfeited 247 common shares, indicating that performance targets were not fully met.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It reflects the company's compensation structure and performance-based incentives.

Stakeholder Impact

• The forfeiture of shares has a minimal impact on shareholders, as it involves a small number of shares relative to the total outstanding shares of Chubb Ltd.
• The forfeiture may impact employee morale if performance targets are perceived as unattainable.

Key Dates

Keywords

Chubb Ltd, Bryce L. Johns, restricted stock, forfeiture, performance-based criteria, Long-Term Incentive Plan, beneficial ownership, Form 4, SEC