Chubb (NYSE: CB) director Nelson Chai awarded shares, withholds for taxes
Rhea-AI Filing Summary
Chubb Ltd director Nelson Chai received a grant of 681 common shares as a restricted stock award under a long-term incentive plan that qualifies under Rule 16b-3. On the same date, 193 common shares were withheld at $330.26 per share to cover tax liabilities, leaving 1,797 common shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 488 shares
Net Buy
2 txns
Insider
Chai Nelson
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 681 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Shares | 193 | $330.26 | $64K |
Holdings After Transaction:
Common Shares — 1,797 shares (Direct)
Footnotes (2)
- F1. Restricted stock award granted as director fees under a Chubb Limited long-term incentive plan (the "Plan"), which meets the requirements of Rule 16b-3. Such restricted stock will vest on the day of the next annual Chubb Limited shareholders meeting, assuming the reporting person is a director of Chubb Limited on such date.
- F2. Common Shares being withheld in order to pay tax liability.
Key Figures
Restricted stock award: 681 common shares
Shares withheld for taxes: 193 common shares
Tax withholding price: $330.2600 per share
+1 more
4 metrics
Restricted stock award
681 common shares
Grant/award acquisition of Common Shares on 2026-05-21
Shares withheld for taxes
193 common shares
Tax-withholding disposition of Common Shares on 2026-05-21
Tax withholding price
$330.2600 per share
Per-share value used for tax-withheld shares
Post-transaction holdings
1,797 common shares
Direct Common Shares held after reported transactions
Key Terms
restricted stock award, long-term incentive plan, Rule 16b-3, tax liability
4 terms
restricted stock award financial
"Restricted stock award granted as director fees under a Chubb Limited long-term incentive plan"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
long-term incentive plan financial
"granted as director fees under a Chubb Limited long-term incentive plan (the "Plan")"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
Rule 16b-3 financial
"long-term incentive plan (the "Plan"), which meets the requirements of Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
tax liability financial
"Common Shares being withheld in order to pay tax liability"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider stock award did Nelson Chai report for Chubb (CB)?
Nelson Chai reported a grant of 681 common shares as a restricted stock award under a Chubb long-term incentive plan. The award serves as director fees and qualifies under Rule 16b-3, a provision governing certain insider transactions under U.S. securities rules.