Form 4: City Holding Co. CEO Charles Hageboeck Reports Acquisition of Restricted Stock Units

Charles Hageboeck, President & CEO of City Holding Co., reports the acquisition of restricted stock units and shares via a 401(k) plan.

Summary

• Charles R. Hageboeck, President & CEO of City Holding Co. (CHCO), filed a Form 4 on March 27, 2025, reporting changes in beneficial ownership.
• The report details the acquisition of 1,347 restricted stock units on March 26, 2025, which convert to common stock.
• These restricted stock units vest in three equal installments starting March 21, 2026.
• Hageboeck also reported owning 54,476 shares of common stock directly and 2,077.7425 shares indirectly through a 401(k) plan and trust as of December 31, 2024.
• The filing also includes holdings of other restricted stock units with varying vesting schedules.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing. The acquisition of restricted stock units is generally viewed neutrally to slightly positive as it aligns management's interests with shareholders.

Positives

• The acquisition of restricted stock units by the CEO could be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The vesting schedules of the restricted stock units indicate a multi-year incentive plan for the CEO.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The vesting of restricted stock units incentivizes the CEO to improve company performance, potentially benefiting shareholders.

Key Dates

Keywords

Form 4, beneficial ownership, restricted stock units, common stock, City Holding Co, CHCO, Hageboeck, CEO, 401(k)