Chubb director gets stock award, covers taxes
Chubb Ltd director David H. Sidwell reported routine equity compensation and related tax withholding.
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Rhea-AI Filing Summary
Chubb Ltd director David H. Sidwell reported routine equity compensation and related tax withholding. He received a grant of 757 Common Shares as a restricted stock award for director fees under a Chubb long-term incentive plan that meets Rule 16b-3 requirements. The restricted stock will vest on the day of the next annual shareholders meeting, assuming he remains a director. To cover tax liability, 193 Common Shares were withheld at a reference price of $330.26 per share. After these transactions, he directly holds 15,321 Common Shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 757 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Shares | 193 | $330.26 | $64K |
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
Key Terms
Restricted stock award financial
Rule 16b-3 regulatory
long-term incentive plan financial
tax liability financial
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What did Chubb (CB) director David H. Sidwell report in this Form 4?
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