Chubb (NYSE: CB) awards stock and performance units to President Keogh
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Keogh John W reported acquisition or exercise transactions in this Form 4 filing.
Chubb Ltd reported that President and COO John W. Keogh received equity awards on March 2, 2026 under the Chubb Limited 2016 Long-Term Incentive Plan. He was granted performance stock units in two tranches of 21,663 units each and common shares in two tranches of 7,221 shares each, all at no cash cost. These awards vest, in whole or in part, only if specific multi‑year service and performance criteria are met after a three-year performance period, with non‑vested PSUs cancelled. Each PSU represents a contingent right to one common share, and dividends on both PSUs and restricted stock accumulate and are paid only upon vesting. Following these awards, Keogh directly held 260,910.670 common shares, and 9,792.670 common shares were held indirectly through his daughter’s trust as of that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Keogh John W
Role
President &COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units | 21,663 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 21,663 | $0.00 | -- |
| Grant/Award | Common Shares | 7,221 | $0.00 | -- |
| Grant/Award | Common Shares | 7,221 | $0.00 | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Performance Stock Units — 21,663 shares (Direct);
Common Shares — 253,689.67 shares (Direct);
Common Shares — 9,792.66 shares (Indirect, By Daughter's Trust)
Footnotes (1)
- Restricted stock award pursuant to the Chubb Limited 2016 Long-Term Incentive Plan (the "Plan"). Stock vests, in whole or in part, subject to the satisfaction of certain service and performance-based criteria on the later of the third anniversary of the date of the award and the date of certification of satisfaction of performance-based criteria for the three-year performance period. Dividends shall be accumulated and distributed only when, and to the extent, that the shares have vested. Restricted stock award pursuant to the Plan, representing a premium performance award with respect to the performance-based restricted stock awards described above. Stock vests, in whole or in part, subject to the satisfaction of certain service and performance-based criteria on the later of the third anniversary of the date of the award and the date of certification of satisfaction of performance-based criteria for the three-year performance period. 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. Award of performance stock units ("PSUs") pursuant to the Chubb Limited 2016 Long-Term Incentive Plan (the "Plan") that vests, in whole or in part, subject to the satisfaction of certain service and performance based criteria on the later of the third anniversary of the date of the award and the date of certification of satisfaction of performance based criteria for the three-year performance period. Each PSU represents a contingent right to receive one Common Share, and any PSUs that do not vest will be cancelled. Dividends shall be accumulated and distributed only when, and to the extent that the PSUs have vested. 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, subject to the satisfaction of certain service and performance based criteria on the later of the third anniversary of the date of the award and the date of certification of satisfaction of performance based criteria for the three-year performance period. Each PSU represents a contingent right to receive one Common Share, and any PSUs that do not vest will be cancelled. Dividends shall be accumulated and distributed only when, and to the extent that the PSUs have vested. Total includes previously reported PSUs from other tranches with different vesting and expiration dates.
FAQ
What equity awards did Chubb (CB) grant to John W. Keogh?
Chubb granted John W. Keogh two tranches of 21,663 performance stock units and two tranches of 7,221 common shares. All awards were made at no cash cost as part of the Chubb Limited 2016 Long-Term Incentive Plan.
How do the performance stock units for Chubb (CB) executive Keogh vest?
The performance stock units vest only if service and performance criteria are satisfied after a three-year performance period. Vesting occurs on the later of the third anniversary of the award date and certification that the performance-based criteria have been met.
What does each Chubb (CB) performance stock unit awarded to Keogh represent?
Each performance stock unit represents a contingent right to receive one Chubb common share. Any PSUs that fail to satisfy the service and performance-based vesting criteria after the three-year performance period will be cancelled and will not convert into shares.
How are dividends handled on Chubb (CB) restricted stock and PSUs granted to Keogh?
Dividends on both restricted stock and performance stock units are accumulated rather than paid currently. They are distributed only when, and to the extent that, the related shares or PSUs have vested under the plan’s service and performance conditions.