Chubb (CB) CEO Greenberg reports tax withholding and forfeited stock awards
Rhea-AI Filing Summary
Chubb Ltd Chairman & CEO Evan G. Greenberg reported non-market share changes related to compensation awards. On Common Shares, 73,555 shares were disposed of at $330.26 per share to cover tax liabilities, and 11,253 restricted shares were forfeited because performance criteria were only partially met. After these entries, he directly holds 461,791 common shares, with additional indirect holdings of 41,564 shares through a daughter’s trust and 136 shares held by his wife.
Positive
- None.
Negative
- None.
Insights
These entries reflect routine compensation and tax mechanics, not open-market selling.
The filing shows two dispositions in Chubb Ltd common shares tied to equity awards. An F-code transaction withheld 73,555 shares at $330.26 per share to satisfy tax obligations, a standard non-market mechanism.
A separate D-code entry for 11,253 shares reflects forfeited restricted stock due to only partial satisfaction of performance criteria under the 2016 long-term incentive plan. Following these changes, Greenberg still holds 535,346 shares directly, plus indirect family holdings, indicating these are administrative adjustments rather than active trading decisions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Shares | 11,253 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Shares | 73,555 | $330.26 | $24.29M |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Footnotes (2)
- F1. Represents the amount of restricted stock forfeited due to partial satisfaction of certain performance based criteria of restricted stock awarded pursuant to the Chubb Limited 2016 Long-Term Incentive Plan.
- F2. Common Shares being withheld in order to pay tax liability.
Key Figures
Key Terms
restricted stock financial
performance based criteria financial
2016 Long-Term Incentive Plan financial
tax liability financial
Disposition to issuer financial
AI-generated analysis. How Rhea-AI works. Not financial advice.