Chubb Ltd EVP & CIO Exercises Options and Sells $4.85M in Common Shares

Executive Summary

On October 28, 2026, Chubb Ltd ($CB) filed a Form 4 disclosing transactions by Timothy Alan Boroughs, Executive Vice President and Chief Investment Officer. On October 26, 2026, Boroughs exercised stock options to acquire 13,596 Common Shares at an exercise price of $150.11 per share and concurrently disposed of all 13,596 shares across two open-market transactions at a weighted average price of approximately $356.77 per share, generating aggregate gross proceeds of $4,850,703.56.

Transaction Details

• Option Exercise: 13,596 options exercised (Code M) at $150.11 per share.
• Open-Market Sales (Code S):
  • 12,930 shares sold at a weighted average price of $356.7426 ($356.30 to $357.12 range).
  • 666 shares sold at $357.39.
• Total Sale Proceeds: $4,850,703.56.
• Post-Transaction Holdings:
  • Direct Common Shares: 5,588 shares (unchanged from pre-exercise level).
  • Indirect Common Shares: 74,478 shares (36,447 by Trust, 36,446 by Wife's Trust, and 1,585 by Family Foundation).
  • Derivative Holdings: 34,955 remaining stock options.

Trading Significance

This filing reflects a routine option exercise and same-day liquidation of the underlying shares. Because the net number of directly held core common shares remained flat at 5,588, and the insider maintains substantial indirect exposure (74,478 shares) plus 34,955 remaining options, the trading significance is rated Low.