Timothy Alan Boroughs - 24 Feb 2022 Form 4 Insider Report for Chubb Ltd (CB)

Role
Executive Vice President*
Signature
/s/ Samantha Froud, Attorney-in-fact
Issuer symbol
CB
Transactions as of
24 Feb 2022
Net transactions value
$0
Form type
4
Filing time
28 Feb 2022, 16:23:32 UTC
Previous filing
24 Feb 2022
Next filing
01 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CB Common Shares Award $0 +2,167 +4% $0.000000 55,914 24 Feb 2022 Direct F1
transaction CB Common Shares Award $0 +6,501 +12% $0.000000 62,415 24 Feb 2022 Direct F2
transaction CB Common Shares Award $0 +4,226 +6.8% $0.000000 66,641 24 Feb 2022 Direct F3
holding CB Common Shares 40,000 24 Feb 2022 By Trust
holding CB Common Shares 12,090 24 Feb 2022 By Wife
holding CB Common Shares 38,000 24 Feb 2022 By Wife's Trust
holding CB Common Shares 2,335 24 Feb 2022 Family Foundation

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CB Options to Acquire Common Shares Award $0 +11,556 +9.8% $0.000000 129,173 24 Feb 2022 Common Shares 11,556 $199.03 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Units ("RSU") awarded pursuant to Chubb Limited 2016 Long-Term Incentive Plan (the "Plan"). The RSUs vest as follows: 1/4 on the first anniversary of the date of the award, 1/4 on the second anniversary of the date of the award, 1/4 on the third anniversary of the date of the award and 1/4 on the fourth anniversary of the date of the award. Upon vesting, one Common share will be delivered for each vested RSU.
F2 Restricted stock award pursuant to the Plan. Stock vests on the third anniversary of the date of the award subject to the satisfaction of certain service and performance based criteria.
F3 Restricted stock award pursuant to the Plan, representing a premium performance award with respect to the performance restricted stock awards described above. Stock vests on the third anniversary of the date of the award, subject to the satisfaction of certain service and performance based criteria. Shares will not be entitled to vote until vested. Dividends shall be accumulated and distributed only when, and to the extent, that the shares have vested.
F4 Option award pursuant to the Plan. Options vest as follows: 1/3 on the first anniversary of date of the award, 1/3 on the second anniversary of the date of the award and 1/3 on the third anniversary of the date of the award.
F5 Total includes options from other tranches with different exercise prices, vesting and expiration dates.

Remarks:

*& Chief Investment Officer, Chubb Limited