Chubb (CB) EVP has 147 shares withheld to cover tax liability
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chubb Ltd executive Paul McNamee reported a tax-related share disposition. On February 26, he had 147 common shares withheld at a price of $337.92 per share to cover a tax liability, rather than selling these shares on the open market.
After this tax-withholding transaction, he directly held 19,141 common shares of Chubb Ltd.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McNamee Paul
Role
Executive Vice President*
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 147 | $337.92 | $50K |
Holdings After Transaction:
Common Shares — 19,141 shares (Direct)
Footnotes (1)
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FAQ
What did Chubb (CB) executive Paul McNamee report in this Form 4?
Paul McNamee reported a tax-related share disposition. On February 26, 147 Chubb common shares were withheld to satisfy a tax liability, using a price of $337.92 per share, leaving him with 19,141 directly held shares.
Was the Chubb (CB) Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. Shares were withheld to pay a tax liability, classified as a tax-withholding disposition under code F, rather than being sold on the market for discretionary purposes.
What does transaction code F mean in the Chubb (CB) Form 4?
Transaction code F indicates shares used to pay an exercise price or tax liability. In this case, 147 Chubb common shares were withheld specifically to cover a tax obligation, rather than being bought or sold in the open market.
What role does Paul McNamee hold at Chubb (CB) in this Form 4?
In this Form 4, Paul McNamee is identified as an officer of Chubb with the title Executive Vice President. The filing relates to his personal equity compensation and associated tax-withholding disposition of common shares.