CHCO.NASDAQCity Holding CO

Form 4: City Holding Co. Executive Acquires Restricted Stock Units

Sentiment:

SEC Form 4

📋All filings for City Holding CO
🔒Login to Follow

John A. Derito, EVP of Commercial Banking at City Holding Co., reports the acquisition of restricted stock units representing the right to receive common stock.

Summary

  • John A. Derito, an EVP at City Holding Co., filed a Form 4 indicating changes in beneficial ownership.
  • The report details the acquisition of restricted stock units (RSUs) that convert into common stock.
  • Derito directly owns 32,045 shares of common stock.
  • He acquired 479 RSUs on March 26, 2025, which will vest in three equal installments on March 21, 2026, March 21, 2027, and March 21, 2028.
  • He also holds RSUs from previous grants that are vesting between February 2022 and February 2027.
  • The filing was signed by Victoria A. Faw, attorney-in-fact, on March 27, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to executive compensation. The acquisition of RSUs is generally viewed as a positive, but it's not a major event.

Positives

  • The acquisition of RSUs by an executive can be seen as a positive sign, indicating confidence in the company's future performance.
  • The staggered vesting schedule of the RSUs aligns the executive's interests with the long-term success of the company.

Industry Context

Form 4 filings are a routine part of executive compensation and are common in the financial services industry. They provide transparency into the holdings and transactions of company insiders.

Comparison to Industry Standards

  • Executive compensation packages often include restricted stock units to align management's interests with shareholder value.
  • Vesting schedules are a standard practice to incentivize long-term performance.
  • Comparing the size of the RSU grant to those of executives at peer banks (e.g., Truist Financial, PNC Financial Services) would provide context on the magnitude of this award.

Stakeholder Impact

  • Shareholders may view the RSU grant as a positive sign of management's commitment to the company's long-term success.
  • Employees may see the executive's increased stake in the company as a motivator.

Key Dates

DateDescription
February 24, 2022Vesting date for one-third of a previous restricted stock unit grant.
February 23, 2023Vesting date for one-third of a previous restricted stock unit grant.
February 24, 2023Vesting date for one-third of a previous restricted stock unit grant.
February 22, 2024Vesting date for one-third of a previous restricted stock unit grant.
February 23, 2024Vesting date for one-third of a previous restricted stock unit grant.
February 22, 2025Vesting date for one-third of a previous restricted stock unit grant.
February 23, 2025Vesting date for one-third of a previous restricted stock unit grant.
March 26, 2025Date of transaction: acquisition of 479 restricted stock units.
March 27, 2025Date of Form 4 filing.
March 21, 2026Vesting date for one-third of the 479 restricted stock units.
February 23, 2026Vesting date for one-third of a previous restricted stock unit grant.
February 22, 2026Vesting date for one-third of a previous restricted stock unit grant.
February 23, 2027Vesting date for one-third of a previous restricted stock unit grant.
March 21, 2027Vesting date for one-third of the 479 restricted stock units.
March 21, 2028Vesting date for one-third of the 479 restricted stock units.

Keywords

Form 4, restricted stock units, beneficial ownership, CHCO, City Holding Co., Derito, executive compensation

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.