Juan Luis Ortega - 23 Feb 2023 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
23 Feb 2023
Net transactions value
$0
Form type
4
Filing time
27 Feb 2023, 16:06:55 UTC
Previous filing
01 Nov 2022
Next filing
28 Feb 2023
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 +2,054 +5.2% $0.000000 41,584 23 Feb 2023 Direct F1
transaction CB Common Shares Award $0 +6,162 +15% $0.000000 47,746 23 Feb 2023 Direct F2
transaction CB Common Shares Award $0 +6,162 +13% $0.000000 53,908 23 Feb 2023 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 +10,954 +20% $0.000000 66,242 23 Feb 2023 Common Shares 10,954 $208.60 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 award pursuant to Chubb Limited 2016 Long-Term Incentive Plan (the "Plan"). Stock vests 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.
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:

*Chubb Group and President of Overseas General Insurance