Chubb director logs tax share withholding
Chubb Ltd director Sheila P. Burke reported routine equity-account activity.
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Form Type
4
Rhea-AI Filing Summary
Chubb Ltd director Sheila P. Burke reported routine equity-account activity. On May 21, 2026, 193 Common Shares were disposed of as a tax-withholding transaction at $330.26 per share, leaving 8,587 Common Shares held directly.
She also holds fully vested Market Value Units tied to 11,719.61 underlying Common Shares, which are payable in shares at separation from service unless further deferred. That total includes 150.31 shares credited through dividend reinvestment between July 2025 and April 2026.
Insider Trade Summary
Exercise Price or Tax Liability: 193 shares
Exercise Price or Tax Liability
1 txn
Insider
BURKE SHEILA P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Shares | 193 | $330.26 | $64K |
| Holding | Market Value Units | -- | -- | -- |
Holdings After Transaction:
Common Shares — 8,587 shares (Direct);
Market Value Units — 11,719.61 contracts (Direct)
Holdings Before and After:
Common Shares, 8,780 to 8,587 shares (Direct)
Footnotes (3)
- F1. Common Shares being withheld in order to pay tax liability.
- F2. Market Value Units are fully vested and are payable in common shares and are paid out at separation from service, unless further deferred by the participant.
- F3. Total includes Market Value Units previously reported as held by the reporting person plus 150.31 shares credited at various times between July 2025 and April 2026 to the reporting person's account pursuant to the dividend investment provisions of the Plan which meets the requirements of Rule 16b-3, but excludes derivative securities of other types and other tranches, different vesting terms, performance periods and conditions, exercise terms and conditions, and expiration dates, as applicable.
Key Figures
Tax-withholding shares: 193 shares
Tax-withholding price: $330.26 per share
Direct Common Shares after transaction: 8,587 shares
+2 more
5 metrics
Tax-withholding shares
193 shares
Common Shares delivered for tax liability on May 21, 2026
Tax-withholding price
$330.26 per share
Value used for 193-share tax-withholding disposition
Direct Common Shares after transaction
8,587 shares
Direct Common Share holdings following tax-withholding disposition
Underlying shares in Market Value Units
11,719.61 shares
Underlying Chubb Common Shares tied to fully vested Market Value Units
Dividend reinvestment credits
150.31 shares
Shares credited via dividend investment between July 2025 and April 2026
Key Terms
Market Value Units, tax-withholding disposition, Rule 16b-3, dividend investment provisions
4 terms
Market Value Units financial
"Market Value Units are fully vested and are payable in common shares and are paid out at separation from service"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Rule 16b-3 regulatory
"pursuant to the dividend investment provisions of 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.
dividend investment provisions financial
"pursuant to the dividend investment provisions of the Plan which meets the requirements of Rule 16b-3"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Chubb (CB) director Sheila P. Burke report?
Sheila P. Burke reported a routine tax-withholding disposition of 193 Chubb Common Shares at $330.26 per share. This reduced her direct Common Share holdings to 8,587 shares and reflects shares withheld to cover tax obligations, not an open-market sale.
What are Chubb (CB) Market Value Units held by Sheila P. Burke?
Sheila P. Burke holds fully vested Market Value Units linked to 11,719.61 underlying Chubb Common Shares. These units are payable in Common Shares upon separation from service, unless she elects to further defer payment under the terms of the applicable plan.
How were dividends reflected in Sheila P. Burke’s Chubb (CB) Market Value Units?
Her total Market Value Units include 150.31 additional shares credited between July 2025 and April 2026. These were added under the plan’s dividend investment provisions that reinvest dividends into additional units, consistent with Rule 16b-3 requirements for such plans.
Was the Chubb (CB) Form 4 transaction an open-market sale by Sheila P. Burke?
No. The Form 4 identifies the 193-share disposition as a tax-withholding transaction under code F. Shares were delivered to cover tax liability, rather than being sold in the open market, which is different from a discretionary sale transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
