Form 4: City Holding Co Director Acquires Shares Under 10b5-1 Plan

Director Tracy W. Hylton II purchased 189 shares of City Holding Co (CHCO) at $97.73 per share under a pre-arranged 10b5-1 trading plan.

Summary

• On April 16, 2024, Tracy W. Hylton II, a director of City Holding Co (CHCO), acquired 189 shares of common stock at a price of $97.73 per share.
• The purchase was made under a pre-arranged Rule 10b5-1 trading plan.
• Following the transaction, Hylton directly owns 59,834.3349 shares of CHCO, which includes 94.9677 shares acquired through a dividend reinvestment plan.
• Hylton also indirectly owns 1,586 shares as custodian for his daughter, Traci Jo Hylton, under the Uniform Transfers to Minors Act (UWVUGMA).
• Additionally, Hylton's daughter, Traci Jo Hylton, directly owns 3,800 shares, and Hylton holds 4,500 shares as custodian for Morgan T. Hylton under UWVUGMA.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction under a pre-existing plan, suggesting no major positive or negative implications.

Positives

• The purchase by a director may signal confidence in the company's prospects.
• The use of a 10b5-1 plan indicates a pre-planned and transparent trading strategy.

Future Outlook

The filing does not contain any specific forward-looking statements.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their trading activities. Purchases by insiders can sometimes be interpreted positively by the market.

Stakeholder Impact

• The purchase may have a slightly positive impact on shareholder sentiment.

Key Dates