Form 4: City Holding Co. CEO Charles Hageboeck Reports Gift of Shares and Updates on Stock Ownership

Charles Hageboeck, President & CEO of City Holding Co., reported gifting 1,000 shares of common stock to a charitable gift fund and provided updates on his direct and indirect holdings, including restricted stock units and stock options.

Summary

• Charles Hageboeck, the President & CEO of City Holding Co., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On November 12, 2024, Hageboeck gifted 1,000 shares of common stock to a charitable gift fund.
• The filing also reports Hageboeck's direct ownership of 44,974 shares of common stock following the transaction.
• Additionally, Hageboeck indirectly owns 2,024.6477 shares through the company's 401(k) Plan & Trust as of December 31, 2023.
• The report includes holdings of restricted stock units that vest over several years, with varying vesting schedules.
• Hageboeck also holds stock options to buy 6,065 shares at an exercise price of $66.32, which vest over time based on both time and performance.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions and holdings.

Future Outlook

The document details future vesting schedules for restricted stock units and stock options, indicating continued equity-based compensation for the reporting person.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing provides insight into the executive's holdings and equity-based compensation.

Stakeholder Impact

• The gifting of shares may have a minor impact on the overall shareholder base.
• The vesting of restricted stock units and stock options incentivizes the executive to perform well, potentially benefiting shareholders.

Key Dates