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Chubb Ltd — Director's Dealing 2024
Feb 28, 2024
29852_dirs_2024-02-28_8f7e63a1-4668-4fef-99d1-6190b0a6a236.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Chubb Ltd (CB)
CIK: 0000896159
Period of Report: 2024-02-26
Reporting Person: Johns Bryce L. (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-26 | Common Shares | A | 1472 | — | Acquired | 14995 | Direct |
| 2024-02-26 | Common Shares | A | 1472 | — | Acquired | 16467 | Direct |
| 2024-02-26 | Common Shares | A | 957 | — | Acquired | 17424 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-26 | Options to Acquire Common Shares | $254.84 | A | 3925 | Acquired | 2034-02-26 | Common Shares (3925) | Direct |
Footnotes
F1: Restricted Stock Units ("RSU") awarded pursuant to Chubb Limited 2016 Long-Term Incentive Plan (the "Plan"). The RSUs vest 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 Chubb Limited 2016 Long-Term Incentive Plan (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. Dividends shall be accumulated and distributed only when, and to the extent, that the shares have vested.
F3: Restricted stock award pursuant to the Plan, representing a premium performance award with respect to the performance-based 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.