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NEW YORK (AP) - The vice chairman of property and casualty insurance provider Chubb Corp. exercised options for 91,810 shares of common stock, according to a Securities and Exchange Commission filing Wednesday.
| CB | 53.71 |  -0.57 |
In a Form 4 filed with the SEC, Michael O'Reilly reported he exercised options for the shares Monday for $36.84 apiece. He sold 8,946 shares the same day for $53.75 to $53.78 apiece. O'Reilly also surrendered 75,527 shares back to the company for $53.68 apiece.
Insiders can surrender shares as a way to cover either taxes or the cost of exercising options.
Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.
Chubb is based in Warren, N.J.
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