Form 4: City Holding Co. CEO Charles Hageboeck Reports Transaction in Company Stock
SEC Form 4 Filing
Charles Hageboeck, President & CEO of City Holding Co., reports the disposition of 8,899 shares of common stock at $101.0012 per share on February 29, 2024, along with holdings of restricted stock units and stock options.
Summary
- On February 29, 2024, Charles Hageboeck, the President & CEO of City Holding Co., disposed of 8,899 shares of common stock at a price of $101.0012 per share.
- Following this transaction, Hageboeck directly owns 53,218 shares of common stock.
- He also indirectly owns 2,024.6477 shares through a 401(k) Plan and Trust.
- Hageboeck holds various restricted stock units (RSUs) that will vest over time, representing the right to receive common stock.
- He also holds options to buy 6,065 shares of common stock at an exercise price of $66.32, granted under the company's 2013 Incentive Plan, which 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 transactions of company insiders. Investors often monitor these filings to gauge executive sentiment and potential future stock performance.
Stakeholder Impact
- Shareholders may be interested in the CEO's stock transactions as an indicator of confidence in the company's future performance.
- Employees participating in the 401(k) plan are indirectly impacted by the value of the company's stock.
Key Dates
| Date | Description |
|---|---|
| 02/26/2021 | One-third of 681 restricted stock units are scheduled to vest. |
| 02/22/2020 | 2,524 stock options shares vest. |
| 02/26/2022 | One-third of 681 restricted stock units are scheduled to vest. |
| 02/24/2022 | One-third of 1,342 restricted stock units are scheduled to vest. |
| 02/23/2023 | One-third of 1,995 restricted stock units are scheduled to vest. |
| 02/26/2023 | One-third of 681 restricted stock units are scheduled to vest. |
| 12/31/2023 | Share totals are reported as of the 12/31/2023 plan valuation date. |
| 02/24/2024 | One-third of 1,342 restricted stock units are scheduled to vest. |
| 02/29/2024 | Charles Hageboeck disposed of 8,899 shares of common stock. |
| 02/22/2024 | One-third of 1,565 restricted stock units are scheduled to vest. |
| 02/23/2024 | One-third of 1,995 restricted stock units are scheduled to vest. |
| 02/22/2025 | One-third of 1,565 restricted stock units are scheduled to vest. |
| 02/23/2025 | One-third of 1,995 restricted stock units are scheduled to vest. |
| 02/22/2026 | One-third of 1,565 restricted stock units are scheduled to vest. |
| 02/21/2027 | Stock options to buy shares vest. |
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