Chubb Ltd — Director's Dealing 2024

Feb 28, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Chubb Ltd (CB)
CIK: 0000896159
Period of Report: 2024-02-26

Reporting Person: BOROUGHS TIMOTHY ALAN (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-02-26	Common Shares	M	16115	$114.78	Acquired	66601	Direct
2024-02-26	Common Shares	S	16115	$255.26	Disposed	50486	Direct
2024-02-26	Common Shares	M	17035	$118.39	Acquired	67521	Direct
2024-02-26	Common Shares	S	17035	$254.96	Disposed	50486	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-02-26	Options to Acquire Common Shares	$114.78	M	16115	Disposed	2025-02-26	Common Shares (16115)	Direct
2024-02-26	Options to Acquire Common Shares	$118.39	M	17035	Disposed	2026-02-25	Common Shares (17035)	Direct
2024-02-26	Performance Stock Units	$0	A	9811	Acquired		Common Shares (9811)	Direct
2024-02-26	Performance Stock Units	$0	A	6377	Acquired		Common Shares (6377)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	590	Indirect
Common Shares	2335	Indirect
Common Shares	40000	Indirect
Common Shares	38000	Indirect

Footnotes

F1: The Common Shares reported herein as being sold were sold at a range of between $254.815 and $255.660 per share. The sale price reported above represents the weighted average sale price for the reported transaction and has been rounded to the nearest cent. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such price range.

F2: The Common Shares reported herein as being sold were sold at a range of between $254.880 and $255.315 per share. The sale price reported above represents the weighted average sale price for the reported transaction and has been rounded to the nearest cent. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such price range.

F3: Options vested as follows: 1/3 on February 26, 2016, 1/3 on February 26, 2017 and 1/3 on February 26, 2018.

F4: All options of this tranche have been exercised. Total includes options from other tranches with different exercise prices, vesting and expiration dates.

F5: Options vested as follows: 1/3 on February 25, 2017, 1/3 on February 25, 2018 and 1/3 on February 25, 2019.

F6: Award of performance stock units ("PSUs") pursuant to the Chubb Limited 2016 Long-Term Incentive Plan (the "Plan") that vests in whole or in part on the third anniversary of the award subject to the satisfaction of certain service and performance-based criteria. Each PSU represents a contingent right to receive one Common Share, and any PSUs that have not vested at the third anniversary of the award will be cancelled. Dividends shall be accumulated and distributed only when, and to the extent that the PSUs have vested.

F7: Award of PSUs pursuant to the Plan representing a premium performance award with respect to the PSUs described above that vests in whole or in part on the third anniversary of the award subject to the satisfaction of certain service and performance-based criteria. Each PSU represents a contingent right to receive one Common Share, and any PSUs that have not vested at the third anniversary of the award will be cancelled. Dividends shall be accumulated and distributed only when, and to the extent that the PSUs have vested.

F8: Total includes PSUs from other tranches with different exercise prices, vesting and expiration dates.