Tax withholding leads Chubb (NYSE: CB) EVP to dispose 277 shares
Rhea-AI Filing Summary
Chubb Ltd Executive Vice President Timothy Alan Boroughs reported a tax-related share disposition. On February 24, 2026, he disposed of 277 common shares at $336.85 per share to satisfy a tax liability through share withholding.
After this transaction, he directly held 11,269 common shares. Indirectly, he was shown with 1,585 common shares held by a family foundation, 36,447 common shares held by a trust, and 36,446 common shares held by his wife’s trust as of that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 277 shares
Net Sell
4 txns
Insider
BOROUGHS TIMOTHY ALAN
Role
Executive Vice President*
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Shares | 277 | $336.85 | $93K |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 11,269 shares (Direct);
Common Shares — 1,585 shares (Indirect, Family Foundation);
Common Shares — 36,447 shares (Indirect, By Trust);
Common Shares — 36,446 shares (Indirect, By Wife's Trust)
Footnotes (1)
- F1. Common Shares withheld to pay tax liability.
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FAQ
What did Chubb (CB) executive Timothy Boroughs report in this Form 4?
Timothy Alan Boroughs reported a tax-related disposition of shares. He had 277 Chubb common shares withheld at $336.85 per share to cover a tax liability, while maintaining substantial direct and indirect ownership positions through personal, foundation, and trust holdings.
What indirect Chubb (CB) holdings are reported for Timothy Boroughs?
The filing lists indirect ownership through several entities. These include 1,585 Chubb common shares held by a family foundation, 36,447 shares held by a trust, and 36,446 shares held by his wife’s trust, all categorized as indirect beneficial ownership interests.
Does this Chubb (CB) Form 4 show a routine tax event or a market sale?
The Form 4 describes a routine tax event rather than a market sale. Code F and the footnote state that 277 common shares were withheld to pay a tax liability, indicating a compensation-related withholding instead of a discretionary open-market transaction.