Chubb director granted 1,135 restricted shares
HUGIN ROBERT J reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
HUGIN ROBERT J reported acquisition or exercise transactions in this Form 4 filing.
Chubb Ltd director Robert J. Hugin received a restricted stock award of 1,135 common shares as director fees under a Chubb long-term incentive plan that meets Rule 16b-3 requirements. These restricted shares will vest on the day of the next annual Chubb shareholders meeting, assuming he is still a director on that date.
After this grant, Hugin directly holds 21,626 common shares. The filing also reports indirect holdings of 110 and 225 common shares held by his son, and states that Hugin disclaims beneficial ownership of those securities.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,135 shares
Grant/Award
3 txns
Insider
HUGIN ROBERT J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 1,135 | $0.00 | $0.00 |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 21,626 shares (Direct);
Common Shares — 335 shares (Indirect, By Son)
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. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
Key Figures
Restricted stock award: 1,135 shares
Direct holdings after grant: 21,626 shares
Indirect holdings by son: 110 shares
+2 more
5 metrics
Restricted stock award
1,135 shares
Director fees grant on 2026-05-21
Direct holdings after grant
21,626 shares
Common shares held directly after award
Indirect holdings by son
110 shares
Common shares held indirectly by son
Additional indirect holdings by son
225 shares
Additional common shares held indirectly by son
Award price per share
$0.0000 per share
Grant of restricted stock as director fees
Key Terms
Restricted stock award, long-term incentive plan, Rule 16b-3, beneficial ownership, +1 more
5 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
"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
"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.
beneficial ownership regulatory
"The reporting person disclaims beneficial ownership of these securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"the beneficial owner of the securities for purposes of Section 16 or for any other purpose"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Chubb (CB) director Robert J. Hugin report?
Robert J. Hugin reported receiving a restricted stock award of 1,135 Chubb common shares as director fees. The award is part of a Chubb Limited long-term incentive plan that satisfies Rule 16b-3 requirements for director compensation.
What role does Rule 16b-3 play in Robert J. Hugin’s Chubb (CB) stock award?
The restricted stock award was granted under a Chubb Limited long-term incentive plan that meets Rule 16b-3. This rule provides exemptions for certain insider transactions, including director compensation awards made under qualifying plans.
AI-generated analysis. How Rhea-AI works. Not financial advice.
