Form 4: City Holding Co. Executive Legge Reports Stock Transactions
SEC Form 4 Filing
Jeffrey Legge, EVP, CAO & CIO of City Holding Co., reports the vesting of restricted stock units and related transactions.
Summary
- Jeffrey Legge, an executive at City Holding Co., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On February 26, 2024, Legge received 165 shares of common stock upon the vesting of restricted stock units.
- These shares were received for no consideration after satisfying a two-year holding period.
- Legge also indirectly owns 8,360.489 shares of common stock through the company's 401(k) Plan & Trust, as of the 12/31/2023 plan valuation date.
- The filing also lists various restricted stock units held by Legge, with different vesting schedules.
- Legge also holds options to buy 512 shares of common stock at $66.32, which were granted under the company's 2013 Incentive Plan and are subject to both time-based and performance-based vesting.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders.
Stakeholder Impact
- Shareholders may be interested in tracking insider transactions as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 02/27/2020 | One-third of restricted stock units are scheduled to vest on this date. |
| 02/22/2020 | 512 options shares shall vest on this date. |
| 02/26/2021 | One-third of restricted stock units are scheduled to vest on this date. |
| 02/27/2021 | One-third of restricted stock units are scheduled to vest on this date. |
| 02/22/2021 | 512 options shares shall vest on this date. |
| 02/24/2022 | One-third of restricted stock units are scheduled to vest on this date. |
| 02/26/2022 | One-third of restricted stock units are scheduled to vest on this date. |
| 02/27/2022 | One-third of restricted stock units are scheduled to vest on this date. |
| 02/22/2022 | 512 options shares shall vest on this date. |
| 02/23/2023 | One-third of restricted stock units are scheduled to vest on this date. |
| 02/24/2023 | One-third of restricted stock units are scheduled to vest on this date. |
| 02/26/2023 | One-third of restricted stock units are scheduled to vest on this date. |
| 12/31/2023 | Date of the 401(k) Plan & Trust valuation. |
| 02/22/2024 | One-third of restricted stock units are scheduled to vest on this date. |
| 02/24/2024 | One-third of restricted stock units are scheduled to vest on this date. |
| 02/26/2024 | Date of the reported transaction; vesting of 165 restricted stock units. |
| 02/23/2024 | One-third of restricted stock units are scheduled to vest on this date. |
| 02/22/2025 | One-third of restricted stock units are scheduled to vest on this date. |
| 02/23/2025 | One-third of restricted stock units are scheduled to vest on this date. |
| 02/22/2026 | One-third of restricted stock units are scheduled to vest on this date. |
| 02/21/2027 | Expiration date of stock options. |
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