Form 4: City Holding Co. Executive Vice President Acquires Shares and Restricted Stock Units
SEC Form 4
David L. Bumgarner, EVP & Chief Financial Officer of City Holding Co., reports acquisition of common stock and restricted stock units.
Summary
- David L. Bumgarner, the EVP & Chief Financial Officer of City Holding Co. (CHCO), filed a Form 4 detailing changes in beneficial ownership.
- On March 26, 2025, Bumgarner acquired 11,693.65 shares of common stock directly.
- He also indirectly owns 2,955.7772 shares through a 401(k) plan and trust, and 115 shares through an IRA.
- Bumgarner acquired 524 restricted stock units (RSUs) on March 26, 2025, which convert to common stock on a 1:1 basis.
- He also holds previously granted RSUs: 169, 340, 569 and 615.
- These RSUs vest in one-third increments over three years, with vesting schedules extending to 2028.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard regulatory filing detailing stock transactions. The acquisition of shares by an executive could be seen as mildly positive, but it's not definitive.
Positives
- The acquisition of shares by a high-ranking executive could be interpreted as a positive signal about the company's prospects.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure related to executive compensation and ownership, common in the financial services industry.
Stakeholder Impact
- The stock acquisition and RSU grants could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of the 401(k) plan valuation. |
| February 24, 2022 | First vesting date for one-third of 169 restricted stock units. |
| February 23, 2023 | First vesting date for one-third of 340 restricted stock units. |
| February 24, 2023 | Second vesting date for one-third of 169 restricted stock units. |
| February 22, 2024 | First vesting date for one-third of 569 restricted stock units. |
| February 23, 2024 | Second vesting date for one-third of 340 restricted stock units. |
| February 24, 2024 | Third vesting date for one-third of 169 restricted stock units. |
| February 23, 2025 | Third vesting date for one-third of 340 restricted stock units. |
| February 23, 2025 | First vesting date for one-third of 615 restricted stock units. |
| February 24, 2025 | Second vesting date for one-third of 569 restricted stock units. |
| February 22, 2026 | Third vesting date for one-third of 569 restricted stock units. |
| February 23, 2026 | Second vesting date for one-third of 615 restricted stock units. |
| February 23, 2027 | Third vesting date for one-third of 615 restricted stock units. |
| March 21, 2026 | First vesting date for one-third of 524 restricted stock units. |
| March 21, 2027 | Second vesting date for one-third of 524 restricted stock units. |
| March 21, 2028 | Third vesting date for one-third of 524 restricted stock units. |
| 03/26/2025 | Date of transaction: acquisition of common stock and restricted stock units. |
| 03/27/2025 | Date of signature by attorney-in-fact. |
Keywords
Form 4, Beneficial Ownership, Restricted Stock Units, Common Stock, City Holding Co, CHCO, Bumgarner, EVP, CFO
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