Chubb director receives 681-share equity award
Chubb Ltd director Shasta Theodore reported routine equity compensation activity.
Rhea-AI Filing Summary
Chubb Ltd director Shasta Theodore reported routine equity compensation activity. On May 21, 2026, Theodore received an award of 681 Common Shares as director fees under a Chubb Limited long-term incentive plan, with the restricted stock scheduled to vest on the day of the next annual shareholders meeting, assuming continued board service.
On the same date, 193 Common Shares were withheld at a reference price of $330.26 per share to cover tax liabilities related to the award, a non-market, tax-withholding disposition rather than an open-market sale. After these transactions, Theodore directly owned 16,069 Common Shares of Chubb Ltd.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Shasta Theodore
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 681 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Shares | 193 | $330.26 | $64K |
Holdings After Transaction:
Common Shares — 16,069 shares (Direct)
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
Restricted stock award: 681 shares
Tax-withholding shares: 193 shares
Reference share price: $330.26 per share
+1 more
4 metrics
Restricted stock award
681 shares
Common Shares granted as director fees on May 21, 2026
Tax-withholding shares
193 shares
Common Shares withheld to pay tax liability on May 21, 2026
Reference share price
$330.26 per share
Price used for tax-withholding disposition
Shares held after transactions
16,262 shares
Total direct Common Shares owned following Form 4 transactions
Key Terms
Restricted stock award, long-term incentive plan, Rule 16b-3, 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.
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
"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.
tax liability financial
"Common Shares being withheld in order to pay tax liability"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Chubb Ltd (CB) director Shasta Theodore report?
Chubb Ltd director Shasta Theodore reported receiving 681 Common Shares as a restricted stock award and having 193 shares withheld to cover tax liabilities. These entries reflect routine compensation and tax withholding, not open-market buying or selling of CB shares.
Was the Chubb Ltd (CB) Form 4 a market sale by Shasta Theodore?
No, the Form 4 does not show an open-market sale. It records 193 Common Shares withheld at a reference price of $330.26 per share to satisfy tax liabilities tied to a restricted stock award, which is a non-market tax-withholding disposition.
What type of equity award did Shasta Theodore receive from Chubb Ltd (CB)?
Shasta Theodore received a restricted stock award of 681 Common Shares as director fees under a Chubb Limited long-term incentive plan. The award is scheduled to vest on the day of the next annual shareholders meeting, assuming she remains a director on that date.
When will Shasta Theodore’s Chubb Ltd (CB) restricted stock vest?
The restricted stock award will vest on the day of the next annual Chubb Limited shareholders meeting, provided Theodore is still serving as a director on that date. Until vesting, the shares remain subject to the plan’s restrictions and conditions described in the award.
AI-generated analysis. How Rhea-AI works. Not financial advice.
