Form 4: City Holding Co Executive Vice President John A. Derito Reports Stock Transactions
SEC Form 4 Filing
John A. Derito, EVP of Commercial Banking at City Holding Co, reports the vesting of restricted stock units and subsequent receipt of common stock.
Summary
- On February 23, 2025, John A. Derito, EVP of Commercial Banking at City Holding Co, reported transactions related to restricted stock units.
- 230 shares of common stock were received due to the vesting of restricted stock units and the satisfaction of a two-year holding period.
- The shares were received for no consideration ($0).
- Following the transaction, Derito directly owns 28,987 shares of City Holding Co.
- The reported transactions also involve various restricted stock units with different vesting schedules.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, indicating a neutral sentiment.
Positives
- The vesting of restricted stock units indicates that performance milestones or time-based requirements have been met.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and alignment with shareholder interests.
Stakeholder Impact
- The vesting of restricted stock units aligns executive compensation with company performance, potentially benefiting shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/26/2021 | One-third of a restricted stock unit grant scheduled to vest. |
| 02/24/2022 | One-third of a restricted stock unit grant scheduled to vest. |
| 02/26/2022 | One-third of a restricted stock unit grant scheduled to vest. |
| 02/24/2023 | One-third of a restricted stock unit grant scheduled to vest. |
| 02/26/2023 | One-third of a restricted stock unit grant scheduled to vest. |
| 02/22/2024 | One-third of a restricted stock unit grant scheduled to vest. |
| 02/23/2024 | One-third of a restricted stock unit grant scheduled to vest. |
| 02/23/2025 | Date of transaction; vesting of restricted stock units and receipt of common stock; one-third of a restricted stock unit grant scheduled to vest. |
| 02/22/2026 | One-third of a restricted stock unit grant scheduled to vest. |
| 02/23/2026 | One-third of a restricted stock unit grant scheduled to vest. |
| 02/23/2027 | One-third of a restricted stock unit grant scheduled to vest. |
| 02/24/2025 | Date of signature by attorney-in-fact. |
Keywords
Form 4, Beneficial Ownership, Restricted Stock Units, CHCO, City Holding Co, Derito, Executive Compensation, Insider Trading
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