Form 4: City Holding CFO Acquires Shares Via RSU Vesting
Insider Transaction Report
City Holding's EVP & CFO, David L. Bumgarner, acquired 190 shares of common stock through the scheduled vesting of restricted stock units.
Summary
- David L. Bumgarner, Executive Vice President and Chief Financial Officer of CITY HOLDING CO (CHCO), acquired 190 shares of common stock.
- The acquisition occurred on February 22, 2026, and was a result of the vesting of restricted stock units (RSUs) for no consideration.
- Following this transaction, Bumgarner directly holds 10,648.146 shares of common stock.
- Indirect beneficial ownership includes 3,073.7288 shares through a 401(k) Plan and Trust (as of December 31, 2024 valuation) and 115 shares through an IRA.
- Bumgarner continues to hold various outstanding Restricted Stock Units with future vesting schedules.
Sentiment
Score: 7
Explanation: StockSavvy.ai views this as a moderately positive event for the executive, as it represents the realization of compensation and an increase in direct equity ownership, aligning interests with shareholders. It is a routine, expected transaction.
Positives
- The acquisition of 190 shares of common stock increases the direct equity stake of a key executive, David L. Bumgarner, aligning his interests further with shareholders.
- The vesting of restricted stock units represents a component of executive compensation, indicating the fulfillment of performance or tenure conditions.
Future Outlook
The filing indicates future scheduled vesting events for various Restricted Stock Unit grants held by the reporting person, with dates extending through March 21, 2028.
Industry Context
StockSavvy.ai notes that routine insider transactions, such as the vesting of restricted stock units, are common occurrences in publicly traded companies and reflect standard executive compensation practices. This filing does not provide broader industry-specific insights.
Stakeholder Impact
- Shareholders: The transaction increases the equity stake of a key executive, potentially enhancing alignment between management and shareholder interests.
Next Steps
- February 23, 2026: Scheduled vesting of one-third of 615 Restricted Stock Units.
- March 21, 2026: Scheduled vesting of one-third of 524 Restricted Stock Units.
- February 23, 2027: Scheduled vesting of one-third of 615 Restricted Stock Units.
- March 21, 2027: Scheduled vesting of one-third of 524 Restricted Stock Units.
- March 21, 2028: Scheduled vesting of one-third of 524 Restricted Stock Units.
Key Dates
| Date | Description |
|---|---|
| 02/24/2022 | Scheduled vesting date for one-third of 169 Restricted Stock Units. |
| 02/23/2023 | Scheduled vesting date for one-third of 340 Restricted Stock Units. |
| 02/24/2023 | Scheduled vesting date for one-third of 169 Restricted Stock Units. |
| 02/22/2024 | Scheduled vesting date for one-third of 190 Restricted Stock Units. |
| 02/23/2024 | Scheduled vesting date for one-third of 340 Restricted Stock Units. |
| 02/24/2024 | Scheduled vesting date for one-third of 169 Restricted Stock Units. |
| 12/31/2024 | Valuation date for shares acquired pursuant to the Company's 401(k) Plan & Trust. |
| 02/22/2025 | Scheduled vesting date for one-third of 190 Restricted Stock Units. |
| 02/23/2025 | Scheduled vesting date for one-third of 340 Restricted Stock Units and one-third of 615 Restricted Stock Units. |
| 02/22/2026 | Transaction date; Scheduled vesting date for one-third of 190 Restricted Stock Units, resulting in the acquisition of 190 common shares. |
| 02/23/2026 | Scheduled vesting date for one-third of 615 Restricted Stock Units. |
| 03/21/2026 | Scheduled vesting date for one-third of 524 Restricted Stock Units. |
| 02/23/2027 | Scheduled vesting date for one-third of 615 Restricted Stock Units. |
| 03/21/2027 | Scheduled vesting date for one-third of 524 Restricted Stock Units. |
| 03/21/2028 | Scheduled vesting date for one-third of 524 Restricted Stock Units. |
Keywords
City Holding Co, CHCO, Insider Transaction, Form 4, Restricted Stock Units, RSU Vesting, Executive Compensation, David L. Bumgarner, CFO
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