Form 4: City Holding Co. CEO Charles Hageboeck Reports Stock Sales
SEC Form 4
Charles Hageboeck, President & CEO of City Holding Co., reported the sale of common stock and holdings of restricted stock units and stock options.
Summary
- Charles Hageboeck, the President & CEO of City Holding Co. (CHCO), filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- On July 25, 2024, Hageboeck sold 1,747 shares of common stock at $123.247 per share, 2,506 shares at $124.6053 per share, and 2,991 shares at $123.0153 per share.
- Following these transactions, Hageboeck directly owns 45,974 shares of common stock and indirectly owns 2,024.6477 shares through a 401(k) Plan and Trust.
- He also holds various restricted stock units that will vest in the future and stock options to buy 6,065 shares at $66.32, which were granted from City Holding Company's 2013 Incentive Plan and are subject to both time-based and performance-based vesting.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. Investors often monitor these filings to gauge management's sentiment about the company's prospects.
Stakeholder Impact
- Shareholders may interpret the stock sales as a signal, although insider sales are not always indicative of negative sentiment.
- The transactions have no immediate impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/26/2023 | One-third of restricted stock units are scheduled to vest on February 26, 2023. |
| 12/31/2023 | Share totals are reported as of the 12/31/2023 plan valuation date. |
| 02/22/2024 | One-third of restricted stock units are scheduled to vest on February 22, 2024. |
| 02/24/2024 | One-third of restricted stock units are scheduled to vest on February 24, 2024. |
| 02/23/2025 | One-third of restricted stock units are scheduled to vest on February 23, 2025. |
| 02/22/2026 | One-third of restricted stock units are scheduled to vest on February 22, 2026. |
| 02/23/2026 | One-third of restricted stock units are scheduled to vest on February 23, 2026. |
| 02/23/2027 | One-third of restricted stock units are scheduled to vest on February 23, 2027. |
| 07/25/2024 | Date of the stock sale transactions. |
| 07/26/2024 | Date of the form filing. |
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