Chubb (CB) director logs stock grant, tax withholding and small share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chubb Ltd director Michael G. Atieh reported a mix of equity compensation, tax withholding, and a small open‑market sale of common shares. He received a grant of 681 restricted common shares as director fees under a Chubb long-term incentive plan. These restricted shares will vest on the day of the next annual shareholders meeting, assuming he remains a director on that date.
To cover tax liabilities, 193 common shares were withheld and disposed of at $330.26 per share. Separately, he sold 578 common shares in an open‑market transaction at $329.53 per share, with the sold shares all transacted at the same price. Following these transactions, he directly owned 40,014.24 common shares, a total that includes 629.95 shares credited over time to a deferred stock account under the plan’s dividend investment provisions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 578 shares ($190,468)
Net Sell
3 txns
Insider
ATIEH MICHAEL G
Role
null
Sold
578 shs ($190K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 681 | $0.00 | -- |
| Tax Withholding | Common Shares | 193 | $330.26 | $64K |
| Sale | Common Shares | 578 | $329.53 | $190K |
Holdings After Transaction:
Common Shares — 40,785.24 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. Total includes 629.95 shares credited at various times between April 2025 and April 2026 to the reporting person's deferred stock account pursuant to the dividend investment provisions of the Plan, which meets the requirements of Rule 16b-3. Common Shares being withheld in order to pay tax liability. The Common Shares reported herein as being sold were sold at the same price.
Key Figures
Open-market sale shares: 578 shares
Open-market sale price: $329.53/share
Tax-withholding shares: 193 shares
+4 more
7 metrics
Open-market sale shares
578 shares
Common Shares sold on 2026-05-21
Open-market sale price
$329.53/share
Price for 578 Common Shares sold
Tax-withholding shares
193 shares
Common Shares withheld to pay tax liability
Tax-withholding price
$330.26/share
Valuation for 193 withheld Common Shares
Restricted stock award
681 shares
Grant as director fees under long-term incentive plan
Post-transaction holdings
40,014.24 shares
Common Shares directly owned after transactions
Deferred stock credits
629.95 shares
Shares credited via dividend investment provisions of plan
Key Terms
restricted stock award, long-term incentive plan, Rule 16b-3, deferred stock account, +2 more
6 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 regulatory
"under a Chubb Limited 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.
deferred stock account financial
"shares credited at various times ... to the reporting person's deferred stock account"
dividend investment provisions financial
"credited ... to the reporting person's deferred stock account pursuant to the dividend investment provisions of the Plan"
tax liability financial
"Common Shares being withheld in order to pay tax liability"
FAQ
What insider transactions did Chubb (CB) director Michael G. Atieh report?
Michael G. Atieh reported three transactions: a grant of 681 restricted common shares as director fees, 193 shares withheld to pay tax liabilities, and an open-market sale of 578 common shares. These actions adjusted but did not eliminate his existing ownership stake.