Form 4: City Holding Co. Executive Reports Changes in Beneficial Ownership
SEC Form 4 Filing
David L. Bumgarner, EVP & Chief Financial Officer of City Holding Co., filed a Form 4 detailing changes in his beneficial ownership of company stock and restricted stock units.
Summary
- David L. Bumgarner, the EVP & Chief Financial Officer of City Holding Co. (CHCO), reported changes in his beneficial ownership of the company's securities.
- The report includes transactions related to common stock held directly and indirectly through a 401(k) plan and IRA.
- Bumgarner also reported holdings and vesting schedules for several tranches of restricted stock units (RSUs).
- The RSUs vest in one-third increments annually over three-year periods.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Future Outlook
The document outlines the vesting schedule for restricted stock units, indicating future equity compensation for the reporting person.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential insider trading activity and management's sentiment towards the company's stock.
Stakeholder Impact
- Shareholders can use this information to understand the executive's stake in the company.
- Employees participating in the 401(k) plan may be interested in the company stock holdings within the plan.
Key Dates
| Date | Description |
|---|---|
| 02/26/2021 | Initial vesting date for some restricted stock units. |
| 02/24/2022 | Initial vesting date for some restricted stock units. |
| 02/23/2023 | Initial vesting date for some restricted stock units. |
| 12/31/2023 | 401(k) Plan valuation date. |
| 02/22/2024 | Initial vesting date for some restricted stock units. |
| 02/24/2024 | Second vesting date for some restricted stock units. |
| 02/28/2024 | Date of transaction for restricted stock units. |
| 03/28/2024 | Date of transaction for restricted stock units. |
| 02/23/2025 | First vesting date for new restricted stock units. |
| 02/23/2026 | Second vesting date for new restricted stock units. |
| 02/23/2027 | Third vesting date for new restricted stock units. |
| 04/01/2024 | Date of signature for the report. |
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