Chubb (CB) EVP reports 169-share tax-withholding disposition on Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chubb Ltd Executive Vice President Paul McNamee reported a routine tax-related share transaction. On this Form 4, 169 common shares were disposed of through tax withholding at a price of $333.39 per share to cover a tax liability. After this withholding, he directly holds 19,432 common shares.
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 | 169 | $333.39 | $56K |
Holdings After Transaction:
Common Shares — 19,432 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did Chubb (CB) report for Paul McNamee?
Chubb Executive Vice President Paul McNamee reported a disposition of 169 common shares. The shares were withheld to satisfy a tax liability, rather than sold in the open market, and are categorized as a tax-withholding disposition on the Form 4 filing.
Was the Chubb (CB) insider transaction an open-market sale?
No, the Chubb insider transaction was not an open-market sale. The 169 common shares were withheld to pay a tax liability, as indicated by code F and the footnote, which classifies it as a tax-withholding disposition rather than a discretionary share sale.
What does transaction code F mean in the Chubb (CB) Form 4 filing?
Transaction code F in the Chubb Form 4 indicates payment of a tax liability by delivering or withholding securities. In this case, 169 Chubb common shares were withheld from Paul McNamee to satisfy taxes associated with his equity compensation.
Does the Chubb (CB) Form 4 indicate buying or selling by the executive?
The Chubb Form 4 does not show an open-market buy or sell by the executive. Instead, it reports a tax-withholding disposition where 169 shares were withheld to pay a tax liability, a common administrative event tied to stock-based compensation.