Joseph F. Wayland - Feb 24, 2022 Form 4 Insider Report for Chubb Ltd (CB)

Role: Executive Vice President and*
Signature: /s/ Samantha Froud, Attorney-in-Fact
Stock symbol: CB
Transactions as of: Feb 24, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/28/2022, 04:46 PM
Previous filing: Feb 24, 2022
Next filing: Mar 1, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CB	Common Shares	Award	$0	+2.26K	+3.08%	$0.00	75.6K	Feb 24, 2022	Direct	F1
transaction	CB	Common Shares	Award	$0	+6.78K	+8.97%	$0.00	82.4K	Feb 24, 2022	Direct	F2
transaction	CB	Common Shares	Award	$0	+4.41K	+5.35%	$0.00	86.8K	Feb 24, 2022	Direct	F3

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	+12.1K	+12.38%	$0.00	109K	Feb 24, 2022	Common Shares	12.1K	$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 the Chubb Limited 2016 Long-Term Incentive Plan (the "Plan"). The RSU's 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:

* General Counsel