Chubb (CB) EVP Ortega has shares withheld to cover tax liability
Rhea-AI Filing Summary
Chubb Ltd Executive Vice President Juan Luis Ortega reported a small share disposition related to taxes. On this Form 4, 179 common shares were withheld at a price of $336.85 per share to satisfy a tax liability, leaving him with 34,864.93 common shares held directly after the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 179 shares
Net Sell
1 txn
Insider
Ortega Juan Luis
Role
Executive Vice President*
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Shares | 179 | $336.85 | $60K |
Holdings After Transaction:
Common Shares — 34,864.93 shares (Direct)
Footnotes (1)
- F1. Common Shares withheld to pay tax liability.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Chubb (CB) executive Juan Luis Ortega report?
Juan Luis Ortega reported a tax-related disposition of Chubb common shares. The filing shows 179 shares were withheld to cover a tax liability, rather than sold in the open market, and reflects an administrative adjustment to his direct holdings.
Was Juan Luis Ortega’s Chubb (CB) Form 4 transaction an open-market sale?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. A footnote explains the 179 Chubb common shares were withheld specifically to pay a tax liability associated with his equity compensation.