Timothy Alan Boroughs, an executive vice president at Chubb Limited (CB), has been a consistent seller of company stock over the past two years, with Form 4 filings showing roughly $30.6 million in total dispositions across 36 transactions. The pattern is unambiguous: zero open-market purchases, zero acquisitions, and a steady stream of sales clustered around option exercises and equity award vesting dates. The most recent activity, filed in May 2026, shows only automatic tax-withholding disposals (code F) worth approximately $1.57 million and a zero-value disposition (code D) back to the issuer—both mechanical events that accompany vesting rather than discretionary selling.
The discretionary selling has been concentrated in a few large blocks. On February 6, 2026, Boroughs executed paired option exercises (code M) and open-market sales (code S) totaling roughly $9.2 million in gross proceeds: $4.86 million and $4.38 million in sales against $1.96 million and $1.89 million in exercises. That followed a November 24, 2025 session where he sold $3.13 million and $250,911 in two separate transactions, alongside a gift (code G) of zero value. Earlier in 2025, on March 18, he sold three tranches worth $721,207, $1.77 million, and $1.88 million, again paired with a $2.05 million option exercise. The 2024 activity was smaller but similar in character: four sales on March 20 totaling roughly $2.25 million, with no corresponding exercise reported in that window.
The recurring structure—exercise, then immediately sell—combined with the absence of any open-market buys suggests Boroughs is monetizing equity compensation rather than expressing a directional view on Chubb shares. The recent 11 transactions are all either sales, tax withholdings, or zero-value events; none are purchases. The largest single sale, $4.86 million in February 2026, came just before a March 2026 equity award (code A), indicating the selling cadence tracks the company’s compensation cycle rather than market timing.
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