Chubb (CB) director granted 757 shares; 193 withheld to cover tax
Filing Impact
Filing Sentiment
Form Type
4
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 15,514 Common Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
SIDWELL DAVID H
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 757 | $0.00 | -- |
| Tax Withholding | Common Shares | 193 | $330.26 | $64K |
Holdings After Transaction:
Common Shares — 15,514 shares (Direct, null)
Footnotes (1)
- 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. Common Shares being withheld in order to pay tax liability.
Key Figures
Restricted shares granted: 757 Common Shares
Shares withheld for taxes: 193 Common Shares
Tax withholding reference price: $330.26 per share
+3 more
6 metrics
Restricted shares granted
757 Common Shares
Restricted stock award as director fees
Shares withheld for taxes
193 Common Shares
Withheld to pay tax liability
Tax withholding reference price
$330.26 per share
Value used for 193-share tax withholding
Shares held after grant
15,514 Common Shares
Direct holdings following reported transactions
Transaction code F shares
193 shares
Form 4 code F, tax-withholding disposition
Transaction code A shares
757 shares
Form 4 code A, grant or award acquisition
Key Terms
Restricted stock award, Rule 16b-3, long-term incentive plan, 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.
Rule 16b-3 regulatory
"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.
long-term incentive plan financial
"Restricted stock award granted as director fees under a Chubb Limited long-term incentive 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.
tax liability financial
"Common Shares being withheld in order to pay tax liability."
FAQ
What did Chubb (CB) director David H. Sidwell report in this Form 4?
David H. Sidwell reported a routine equity compensation event. He received 757 Chubb Common Shares as a restricted stock award and had 193 shares withheld to cover tax liabilities, ending with 15,514 Common Shares held directly.