Chubb (CB) director awarded 681 shares; 193 withheld for taxes
Rhea-AI Filing Summary
Chubb Ltd director Michael P. Connors reported routine equity compensation activity. He received a restricted stock award of 681 common shares as director fees under a Chubb Limited long-term incentive plan. These restricted shares will vest on the day of the next annual Chubb Limited shareholders meeting, assuming he remains a director on that date.
To cover related tax liability, 193 common shares were withheld, a non-market tax-withholding disposition at a reference price of $330.26 per share. After these transactions, Connors directly holds 18,303 Chubb common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 488 shares
Net Buy
2 txns
Insider
CONNORS MICHAEL P
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 — 18,303 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
Tax-withholding reference price: $330.26 per share
+1 more
4 metrics
Restricted stock award
681 shares
Director fees under long-term incentive plan
Tax-withholding shares
193 shares
Withheld to pay tax liability on equity award
Tax-withholding reference price
$330.26 per share
Value used for 193 withheld shares
Shares held after transactions
18,496 shares
Common shares directly owned after Form 4 events
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
"Restricted stock award granted as director fees under a Chubb Limited long-term incentive 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
"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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Chubb (CB) director Michael P. Connors report?
Michael P. Connors reported a routine equity compensation update, receiving 681 restricted common shares as director fees and having 193 shares withheld to satisfy tax obligations. Both transactions involved Chubb Ltd common shares and were not open-market purchases or sales.
Was the Chubb (CB) Form 4 a stock sale by Michael P. Connors?
The filing does not show an open-market stock sale. Instead, 193 shares were disposed of through tax withholding, meaning the company retained those shares to pay Connors’ tax liability on his equity award, a standard non-market mechanism for covering taxes on compensation.