Chubb EVP reports tax withholding, share forfeiture
Chubb Ltd Executive Vice President Timothy Alan Boroughs reported routine equity compensation adjustments involving company common shares.
Rhea-AI Filing Summary
Chubb Ltd Executive Vice President Timothy Alan Boroughs reported routine equity compensation adjustments involving company common shares. On May 21, 2026, 930 restricted shares were returned to the issuer at no value after only partial satisfaction of performance-based criteria under the Chubb Limited 2016 Long-Term Incentive Plan.
On the same date, 4,751 common shares were withheld at $330.26 per share to cover tax liabilities, a standard non-open-market event. The filing also lists indirect holdings through a wife’s trust, another trust, and a family foundation, reflecting various forms of beneficial ownership rather than new market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
BOROUGHS TIMOTHY ALAN
Role
Executive Vice President*
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Shares | 930 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Shares | 4,751 | $330.26 | $1.57M |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 5,588 shares (Direct);
Common Shares — 1,585 shares (Indirect, Family Foundation);
Common Shares — 36,447 shares (Indirect, By Trust);
Common Shares — 36,446 shares (Indirect, By Wife's Trust)
Footnotes (2)
- F1. Represents the amount of restricted stock forfeited due to partial satisfaction of certain performance based criteria of restricted stock awarded pursuant to the Chubb Limited 2016 Long-Term Incentive Plan.
- F2. Common Shares being withheld in order to pay tax liability.
Key Figures
Tax-withheld shares: 4,751 shares
Tax withholding price: $330.26/share
Restricted shares forfeited: 930 shares
+5 more
8 metrics
Tax-withheld shares
4,751 shares
Common shares withheld to pay tax liability
Tax withholding price
$330.26/share
Value of Chubb common shares used for tax withholding
Restricted shares forfeited
930 shares
Forfeited due to partial satisfaction of performance criteria
Direct holding after tax withholding
5,588 shares
Total common shares following tax-withholding disposition entry
Direct holding after forfeiture
10,339 shares
Total common shares following disposition-to-issuer entry
Wife's trust holding
36,446 shares
Indirect common share holding by wife’s trust
Trust holding
36,447 shares
Indirect common share holding by another trust
Family foundation holding
1,585 shares
Indirect common share holding by family foundation
Key Terms
tax-withholding disposition, Disposition to issuer, restricted stock, Chubb Limited 2016 Long-Term Incentive Plan, +1 more
5 terms
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Disposition to issuer financial
"transaction_code_description: Disposition to issuer"
restricted stock financial
"Represents the amount of restricted stock forfeited due to partial satisfaction"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Chubb Limited 2016 Long-Term Incentive Plan financial
"awarded pursuant to the Chubb Limited 2016 Long-Term Incentive Plan"
Family Foundation financial
"nature_of_ownership: Family Foundation"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Chubb (CB) report for Timothy Alan Boroughs?
Timothy Alan Boroughs reported two non-market disposals. He forfeited 930 restricted shares back to Chubb and had 4,751 shares withheld to cover tax liabilities, alongside updated indirect holdings through trusts and a family foundation.
Were the Chubb (CB) insider transactions open-market sales or routine events?
The reported transactions were routine, non-open-market events. Shares were forfeited to the issuer due to performance criteria and withheld to pay tax liabilities, rather than being sold in the market to external buyers.
What indirect Chubb (CB) holdings are associated with Timothy Alan Boroughs?
The filing lists several indirect holdings in Chubb common shares. These include positions held by a wife’s trust, another trust, and a family foundation, indicating beneficial ownership through related entities rather than solely in his personal name.
AI-generated analysis. How Rhea-AI works. Not financial advice.
