Frances D. O'Brien - Feb 26, 2024 Form 4 Insider Report for Chubb Ltd (CB)

Role
Chief Risk Officer
Signature
/s/ Samantha Froud, Attorney-in-Fact
Stock symbol
CB
Transactions as of
Feb 26, 2024
Transactions value $
$0
Form type
4
Date filed
2/28/2024, 06:02 PM
Previous filing
Feb 27, 2024
Next filing
Feb 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CB Common Shares Award $0 +653 +1.53% $0.00 43.4K Feb 26, 2024 Direct F1

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 +3.48K +11.64% $0.00 33.4K Feb 26, 2024 Common Shares 3.48K $254.84 Direct F2, F3
transaction CB Performance Stock Units Award $0 +1.96K $0.00 1.96K Feb 26, 2024 Common Shares 1.96K $0.00 Direct F4
transaction CB Performance Stock Units Award $0 +1.27K +65.02% $0.00 3.23K Feb 26, 2024 Common Shares 1.27K $0.00 Direct F5, F6
* 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 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.
F3 Total includes options from other tranches with different exercise prices, vesting and expiration dates.
F4 Award of performance stock units ("PSUs") pursuant to the Plan that vests in whole or in part on the third anniversary of the award subject to the satisfaction of certain service and performance-based criteria. Each PSU represents a contingent right to receive one Common Share, and any PSUs that have not vested at the third anniversary of the award will be cancelled. Dividends shall be accumulated and distributed only when, and to the extent that the PSUs have vested.
F5 Award of PSUs pursuant to the Plan representing a premium performance award with respect to the PSUs described above that vests in whole or in part on the third anniversary of the award subject to the satisfaction of certain service and performance-based criteria. Each PSU represents a contingent right to receive one Common Share, and any PSUs that have not vested at the third anniversary of the award will be cancelled. Dividends shall be accumulated and distributed only when, and to the extent that the PSUs have vested.
F6 Total includes PSUs from other tranches with different exercise prices, vesting and expiration dates.