Chubb Ltd — Director's Dealing 2021

Mar 1, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Chubb Ltd (CB)
CIK: 0000896159
Period of Report: 2021-02-25

Reporting Person: KRUMP PAUL J (Vice Chairman, Chubb Group*)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-25	Common Shares	A	3240	$0.00	Acquired	98450	Direct
2021-02-25	Common Shares	A	9720	$0.00	Acquired	108170	Direct
2021-02-25	Common Shares	A	6318	$0.00	Acquired	114488	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-25	Options to Acquire Common Shares	$164.94	A	17277	Acquired	2031-02-25	Common Shares (17277)	Direct

Footnotes

F1: Restricted Stock Units ("RSU") awarded pursuant to Chubb Limited 2016 Long-Term Incentive Plan (the "Plan"). Stock vests as follows: 1/4 on the first anniversary of the date of the award, 1/4 on the second anniversary of the date of the award, 1/4 on the third anniversary of the date of the award and 1/4 on the fourth anniversary of the date of the award. Upon vesting, one Common share will be delivered for each vested RSU.

F2: Restricted stock award pursuant to the Plan. Stock vests on the third anniversary of the date of the award subject to the satisfaction of certain service and performance based criteria.

F3: Restricted stock award pursuant to the Plan, representing a premium performance award with respect to the performance restricted stock awards described above. Stock vests on the third anniversary of the date of the award, subject to the satisfaction of certain service and performance based criteria. Shares will not be entitled to vote until vested. Dividends shall be accumulated and distributed only when, and to the extent, that the shares have vested.

F4: Option award pursuant to the Plan. Options vest as follows: 1/3 on the first anniversary of date of the award, 1/3 on the second anniversary of the date of the award and 1/3 on the third anniversary of the date of the award.

F5: Total includes options from other tranches with different exercise prices, vesting and expiration dates, but does not include derivative securities of other types and tranches, different vesting terms, performance periods and conditions, exercise terms and conditions, and expiration dates, as applicable.