Form 4: City Holding Co. Executive John A. Derito Reports Changes in Beneficial Ownership
SEC Form 4
EVP John A. Derito reports transactions involving City Holding Co. stock, including the acquisition of restricted stock units.
Summary
- John A. Derito, EVP of Commercial Banking at City Holding Co., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- The report includes the acquisition of 579 restricted stock units on February 28, 2024, which vest in three equal installments starting February 23, 2025.
- Derito directly owns 31,918 shares of City Holding Co. common stock.
- He also holds various restricted stock units and stock options with different vesting schedules and exercise prices.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Positives
- The reporting person continues to hold a significant number of shares in the company, indicating confidence in its future.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's sentiment and potential future performance.
Stakeholder Impact
- Shareholders can use this information to understand the executive's stake in the company.
Key Dates
| Date | Description |
|---|---|
| 02/26/2021 | One-third of 236 restricted stock units are scheduled to vest. |
| 02/24/2022 | One-third of 464 restricted stock units are scheduled to vest. |
| 02/22/2023 | One-third of 690 restricted stock units are scheduled to vest. |
| 02/28/2024 | Transaction date for the acquisition of 579 restricted stock units. |
| 03/28/2024 | Deemed execution date for the acquisition of 579 restricted stock units. |
| 02/23/2025 | One-third of 579 restricted stock units are scheduled to vest. |
| 04/01/2024 | Date of signature for the report. |
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