Form 4: CITY HOLDING CFO Acquires Shares, RSUs

CITY HOLDING CO's EVP & CFO, David L. Bumgarner, acquired 2,047 shares of common stock and 534 restricted stock units, reflecting performance-based compensation.

Summary

• David L. Bumgarner, EVP & Chief Financial Officer of CITY HOLDING CO (CHCO), acquired common stock and restricted stock units.
• Acquired 2,047 shares of common stock on February 25, 2026, for no consideration, as a result of satisfying performance criteria for performance share units.
• Beneficial ownership of common stock after this transaction is 13,034.146 shares directly.
• Indirectly owns 3,073.7288 shares through a 401(k) Plan and Trust (as of December 31, 2024) and 115 shares through an IRA.
• Acquired 534 Restricted Stock Units (RSUs) on February 25, 2026, each representing the right to receive one share of common stock.
• These 534 RSUs are scheduled to vest in three equal installments on February 25, 2027, February 25, 2028, and February 25, 2029.
• Holds additional outstanding RSUs from prior grants with various vesting schedules.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as the CFO's receipt of shares and RSUs is tied to performance achievements, indicating successful execution of company goals and aligning executive interests with long-term shareholder value.

Positives

• EVP & CFO David L. Bumgarner received 2,047 shares of common stock due to the satisfaction of performance criteria, indicating successful achievement of company goals.
• The acquisition of additional restricted stock units aligns management's interests with long-term shareholder value.

Future Outlook

The newly acquired 534 restricted stock units are scheduled to vest in three equal installments on February 25, 2027, February 25, 2028, and February 25, 2029, aligning future compensation with long-term performance. Other existing RSU grants will continue to vest through March 2028.

Industry Context

StockSavvy.ai notes that insider transactions, particularly acquisitions tied to performance-based compensation, can signal management's confidence in the company's future prospects and the achievement of internal targets, reinforcing alignment between executive incentives and shareholder value.

Stakeholder Impact

• Shareholders: Potential positive signal of management confidence and alignment of interests through performance-based compensation.
• Employees: Reflects the company's compensation structure for executives, potentially influencing broader employee incentive programs.

Next Steps

• Vesting of 534 restricted stock units in three equal installments on February 25, 2027, February 25, 2028, and February 25, 2029.
• Continued vesting of previously granted restricted stock units on various dates through March 21, 2028.

Key Dates

Recommendation

The reported transactions detail routine performance-based compensation for an executive, which, while positive for aligning management interests, does not provide new fundamental information to alter an investment thesis. It confirms the company's compensation structure and the executive's continued stake.

Keywords

CHCO, CITY HOLDING CO, Form 4, Insider Transaction, Stock Acquisition, Restricted Stock Units, Executive Compensation, David L. Bumgarner