Chubb (NYSE: CB) awards director Michael Corbat 681 restricted shares
Rhea-AI Filing Summary
Chubb director Michael Corbat reported a grant of 681 common shares as a restricted stock award for director fees under a long-term incentive plan that meets Rule 16b-3, with vesting at the next annual shareholders meeting if he remains a director. To cover taxes, 193 common shares were withheld. After these transactions, he directly holds 2,938 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 488 shares
Net Buy
2 txns
Insider
CORBAT MICHAEL
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 — 2,938 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-withheld shares: 193 shares
Tax withholding price: $330.2600 per share
+1 more
4 metrics
Restricted stock award
681 shares
Common Shares granted as director fees on 2026-05-21
Tax-withheld shares
193 shares
Common Shares withheld to pay tax liability on 2026-05-21
Tax withholding price
$330.2600 per share
Per-share value used for tax-withholding disposition
Post-transaction holdings
2,938 shares
Common Shares held directly after reported 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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Chubb (CB) director Michael Corbat report?
Michael Corbat reported a grant of 681 Chubb common shares as a restricted stock award for director fees, with 193 shares withheld to pay tax liability. These transactions relate to a long-term incentive plan that meets Rule 16b-3 requirements.
Were Michael Corbat's Chubb (CB) transactions under a Rule 10b5-1 trading plan?
The document-level Rule 10b5-1 checkbox is not marked as affirming a trading plan, and no footnote links the transactions to such a plan. The filing therefore does not characterize these transactions as made pursuant to a Rule 10b5-1 arrangement.