Chubb Limited (CB) Form 3 Chubb / Frances D. O'Brien ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

O'Brien Frances D.

(Last) (First) (Middle)

THE CHUBB BUILDING

17 WOODBOURNE AVENUE

(Street)

HAMILTON D0 HM 08

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
05/17/2023

3. Issuer Name and Ticker or Trading Symbol
Chubb Ltd [ CB ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chief Risk Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares	43,026(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Options to Acquire	(11)	02/23/2027	Common Shares	4,425	139.01	D
Options to Acquire	(12)	02/22/2028	Common Shares	4,369	143.07	D
Options to Acquire	(13)	02/28/2029	Common Shares	4,667	133.9	D
Options to Acquire	(14)	02/27/2030	Common Shares	4,497	150.11	D
Options to Acquire	(15)	02/25/2031	Common Shares	4,092	164.94	D
Options to Acquire	(16)	02/24/2032	Common Shares	4,020	199.03	D
Options to Acquire	(17)	02/23/2033	Common Shares	3,836	208.6	D

Explanation of Responses:

1. Included in the total are 843 restricted stock units ("RSUs") granted pursuant to the Chubb Limited 2016 Long-Term Incentive Plan (the "Plan"). These RSUs vest on February 27, 2024. Upon vesting, one Common Share will be delivered for each vested RSU.

2. Included in the total are 767 RSUs granted pursuant to the Plan. These RSUs vest in equal installments on February 25, 2024 and February 25, 2025. Upon vesting, one Common Share will be delivered for each vested RSU.

3. Included in the total are 1,131 RSUs granted pursuant to the Plan. These RSUs vest in equal installments on February 24, 2024, February 24, 2025 and February 24, 2026. Upon vesting, one Common Share will be delivered for each vested RSU.

4. Included in the total are 1,438 RSUs granted pursuant to the Plan. These RSUs vest in equal installments on February 23, 2024, February 23, 2025, February 23, 2026 and February 23, 2027. Upon vesting, one Common Share will be delivered for each vested RSU.

5. Included in the total are 1,535 shares of restricted stock granted pursuant to the Plan. These shares vest on February 25, 2024 subject to the satisfaction of certain service and performance based criteria.

6. Included in the total are 1,508 shares of restricted stock granted pursuant to the Plan. These shares vest on February 24, 2025 subject to the satisfaction of certain service and performance based criteria.

7. Included in the total are 1,439 shares of restricted stock granted pursuant to the Plan. These shares vest on February 23, 2026 subject to the satisfaction of certain service and performance based criteria.

8. Included in the total are 999 shares of restricted stock granted pursuant to the Plan, representing a premium performance award with respect to the performance restricted stock awards. These shares vest on February 25, 2024 subject to the satisfaction of certain service and performance based criteria. These shares will not be entitled to vote until vested. Dividends on these shares shall be accumulated and distributed only when, and to the extent, that the shares have vested.

9. Included in the total are 981 shares of restricted stock granted pursuant to the Plan, representing a premium performance award with respect to the performance restricted stock awards. These shares vest on February 24, 2025 subject to the satisfaction of certain service and performance based criteria. These shares will not be entitled to vote until vested. Dividends on these shares shall be accumulated and distributed only when, and to the extent, that the shares have vested.

10. Included in the total are 936 shares of restricted stock granted pursuant to the Plan, representing a premium performance award with respect to the performance restricted stock awards. These shares vest on February 23, 2026 subject to the satisfaction of certain service and performance based criteria. These shares will not be entitled to vote until vested. Dividends on these shares shall be accumulated and distributed only when, and to the extent, that the shares have vested.

11. Options awarded pursuant to the Plan. Options vested in equal installments on February 23, 2018, February 23, 2019 and February 23, 2020.

12. Options awarded pursuant to the Plan. Options vested in equal installments on February 22, 2019, February 22, 2020 and February 22, 2021.

13. Options awarded pursuant to the Plan. Options vested in equal installments on February 28, 2020, February 28, 2021 and February 28, 2022.

14. Options awarded pursuant to the Plan. Options vested in equal installments on February 27, 2021, February 27, 2022 and February 27, 2023.

15. Options awarded pursuant to the Plan. Options vested or will vest in equal installments on February 25, 2022, February 25, 2023 and February 25, 2024.

16. Options awarded pursuant to the Plan. Options vested or will vest in equal installments on February 24, 2023, February 24, 2024 and February 24, 2025.

17. Options awarded pursuant to the Plan. Options will vest in equal installments on February 23, 2024, February 23, 2025 and February 23, 2026.

Remarks:

	/s/ Samantha Froud, Attorney-in-fact	05/17/2023
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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