Timothy Alan Boroughs - Feb 23, 2023 Form 4 Insider Report for Chubb Ltd (CB)

Role
Executive Vice President*
Signature
/s/ Samantha Froud, Attorney-in-fact
Stock symbol
CB
Transactions as of
Feb 23, 2023
Transactions value $
$0
Form type
4
Date filed
2/27/2023, 04:14 PM
Previous filing
Nov 10, 2022
Next filing
Feb 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CB Common Shares Award $0 +2.07K +4.58% $0.00 47.2K Feb 23, 2023 Direct F1
transaction CB Common Shares Award $0 +6.2K +13.15% $0.00 53.4K Feb 23, 2023 Direct F2
transaction CB Common Shares Award $0 +4.03K +7.55% $0.00 57.4K Feb 23, 2023 Direct F3
holding CB Common Shares 2.09K Feb 23, 2023 By Wife
holding CB Common Shares 40K Feb 23, 2023 By Trust
holding CB Common Shares 38K Feb 23, 2023 By Wife's Trust
holding CB Common Shares 2.34K Feb 23, 2023 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 +11K +9.74% $0.00 124K Feb 23, 2023 Common Shares 11K $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 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