Timothy Alan Boroughs, Executive Vice President and Chief Investment Officer of Chubb Limited, filed a Form 4 on October 28, 2026, disclosing option exercises and open-market share sales that took place on October 26, 2026.

Key Highlights

  • Option exercise: Boroughs exercised options covering 13,596 Common Shares at an exercise price of $150.11 per share on October 26, 2026 (transaction code M).
  • First sale: 12,930 Common Shares were sold at a weighted average price of $356.7426 per share, within a range of $356.30 to $357.12 per share.
  • Second sale: 666 Common Shares were sold at $357.39 per share.
  • Direct holdings after transactions: 5,588 Common Shares held directly following all reported transactions.
  • Indirect holdings: An additional 1,585 shares held via a Family Foundation, 36,447 via a trust, and 36,446 via a wife's trust, according to the filing.
  • Remaining derivative securities: Following the exercise, 34,955 options to acquire Common Shares remain beneficially owned directly, covering tranches with different exercise prices, vesting, and expiration dates.

Boroughs' October 26 Transactions in Chubb Common Shares

According to the Form 4 filed with the SEC on October 28, 2026, Timothy Alan Boroughs, identified in the filing as Executive Vice President and Chief Investment Officer of Chubb Limited (NYSE:CB), reported three transactions in Chubb Common Shares on October 26, 2026. The first was an option exercise (code M) converting 13,596 options into an equivalent number of Common Shares at the exercise price of $150.11. The filing notes those options vested in equal thirds on February 27, 2021, February 27, 2022, and February 27, 2023, with an expiration date of February 27, 2030.

Following the exercise, the filing reports two separate dispositions. Boroughs sold 12,930 shares at a weighted average price of $356.7426 per share, which the filing states represents sales within a range of $356.30 to $357.12 per share. A separate lot of 666 shares was sold at a single price of $357.39 per share. After these transactions, Boroughs held 5,588 Common Shares directly. The filing states that full information on shares sold at each separate price within the stated range will be provided upon request to the issuer, any security holder, or SEC staff.

In addition to the direct position, the filing discloses indirect beneficial ownership of 1,585 Common Shares through a Family Foundation, 36,447 shares held by a trust, and 36,446 shares held by a wife's trust. On the derivative side, 34,955 options to acquire Common Shares remain, described in the filing as including previously reported options from other tranches with different exercise prices, vesting schedules, and expiration dates. The Form 4 was signed by Samantha Froud as Attorney-in-Fact on October 28, 2026.

What Was Disclosed

The filing discloses an option exercise of 13,596 Chubb Common Shares at $150.11 and subsequent open-market sales of 13,596 total shares by Executive Vice President and CIO Timothy Alan Boroughs on October 26, 2026, along with his resulting direct and indirect beneficial ownership positions.