Form 4: City Holding Co. Executive Legge Reports Stock Transactions
SEC Form 4 Filing
Jeffrey Dale Legge, EVP, CAO & CIO of City Holding Co., reports acquisition and disposal of common stock and restricted stock units.
Summary
- Jeffrey Dale Legge, an executive at City Holding Co. (CHCO), filed a Form 4 detailing changes in beneficial ownership.
- The report includes transactions related to common stock and restricted stock units.
- Legge acquired 419 restricted stock units on February 28, 2024, which vest in three equal installments starting February 23, 2025.
- The report also details holdings of common stock, including shares held directly and indirectly through a 401(k) plan.
- The filing includes information on previously granted restricted stock units with various vesting schedules and a stock option to buy shares at $66.32, which vests over time and based on performance.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by an executive, with no inherent positive or negative implications.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It is standard practice for executives to receive and trade company stock as part of their compensation.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
- The transactions may have a minor impact on the company's stock price, but are unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 02/26/2021 | One-third of 166 restricted stock units are scheduled to vest on this date. |
| 02/24/2022 | One-third of 326 restricted stock units are scheduled to vest on this date. |
| 02/22/2020 | 512 options shares vested on this date. |
| 02/22/2021 | 512 options shares vested on this date. |
| 02/22/2022 | 512 options shares vested on this date. |
| 02/23/2023 | One-third of 492 restricted stock units are scheduled to vest on this date. |
| 02/26/2023 | One-third of 166 restricted stock units are scheduled to vest on this date. |
| 12/31/2023 | Share totals for the 401(k) Plan & Trust are reported as of this plan valuation date. |
| 02/22/2024 | One-third of 408 restricted stock units are scheduled to vest on this date. |
| 02/24/2024 | One-third of 326 restricted stock units are scheduled to vest on this date. |
| 02/28/2024 | Date of the reported transaction where 419 restricted stock units were acquired. |
| 03/28/2024 | Date of the report. |
| 04/01/2024 | Date of signature. |
| 02/23/2025 | One-third of 419 restricted stock units are scheduled to vest on this date. |
| 02/22/2025 | One-third of 408 restricted stock units are scheduled to vest on this date. |
| 02/23/2025 | One-third of 492 restricted stock units are scheduled to vest on this date. |
| 02/23/2026 | One-third of 419 restricted stock units are scheduled to vest on this date. |
| 02/22/2026 | One-third of 408 restricted stock units are scheduled to vest on this date. |
| 02/23/2027 | One-third of 419 restricted stock units are scheduled to vest on this date. |
| 02/21/2027 | Expiration date for the stock option to buy shares at $66.32. |
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