Chubb director granted 681 restricted shares, 193 withheld
Chubb Ltd director Frances F. Townsend received a restricted stock award of 681 common shares as director fees under a Chubb long-term incentive plan that meets Rule 16b-3 requirements.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Chubb Ltd director Frances F. Townsend received a restricted stock award of 681 common shares as director fees under a Chubb long-term incentive plan that meets Rule 16b-3 requirements. On the same date, 193 common shares were withheld to cover tax liability. After these entries, she directly owns 5,314 common shares and indirectly holds 353 common shares through her husband.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
TOWNSEND FRANCES F
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 |
| Holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 5,314 shares (Direct);
Common Shares — 353 shares (Indirect, By Husband)
Holdings Before and After:
Common Shares, 4,826 to 5,314 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
Shares withheld for taxes: 193 shares
Price used for tax withholding: $330.26 per share
+2 more
5 metrics
Restricted stock award
681 shares
Director fees granted as restricted stock under long-term incentive plan
Shares withheld for taxes
193 shares
Common shares withheld to pay tax liability on equity award
Price used for tax withholding
$330.26 per share
Value per common share on 193-share tax-withholding disposition
Direct holdings after transactions
5,507 shares
Common shares directly owned after award and tax withholding
Indirect holdings via husband
353 shares
Common shares indirectly owned through husband as of transaction date
Key Terms
Restricted stock award, long-term incentive plan, Rule 16b-3, tax liability, +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
"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
"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"
indirect ownership financial
"Common Shares, indirect ownership, nature of ownership: By Husband"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Chubb (CB) director Frances Townsend report?
Frances F. Townsend reported a grant of 681 Chubb common shares as a restricted stock award and a withholding of 193 shares to cover tax liability, along with updated direct and indirect ownership balances following these compensation-related entries.
Was the Chubb (CB) insider transaction an open-market stock sale or purchase?
No open-market trade was reported. The Form 4 shows a restricted stock award of 681 shares and a disposition of 193 shares specifically labeled as shares withheld to pay tax liability, rather than a discretionary market sale or purchase of Chubb common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
