Form 4: City Holding Co. Executive Vice President Michael T. Quinlan Jr. Reports Stock Sale and Restricted Stock Unit Holdings
SEC Form 4
Michael T. Quinlan Jr., EVP of Retail Banking at City Holding Co., reports the sale of 600 shares of common stock and holdings of restricted stock units.
Summary
- On August 19, 2024, Michael T. Quinlan Jr., EVP of Retail Banking at City Holding Co. [CHCO], sold 600 shares of common stock at a price of $115.62 per share.
- Following the transaction, Quinlan directly owns 2,000 shares of common stock.
- Quinlan also indirectly owns 2,256.1561 shares of common stock through a 401(k) Plan and Trust.
- The report details holdings of several tranches of restricted stock units (RSUs) that vest over multiple years.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a company executive. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.
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 seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- Shareholders may be interested in the transactions of company insiders as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 12/31/2023 | 401(k) Plan & Trust valuation date |
| 02/24/2022 | First vesting date for one tranche of restricted stock units |
| 02/23/2023 | First vesting date for one tranche of restricted stock units |
| 02/24/2023 | Second vesting date for one tranche of restricted stock units |
| 02/23/2024 | First and second vesting date for two tranches of restricted stock units |
| 02/24/2024 | Third vesting date for one tranche of restricted stock units |
| 08/19/2024 | Date of common stock sale |
| 08/20/2024 | Date of signature by attorney-in-fact |
| 02/22/2024 | First vesting date for one tranche of restricted stock units |
| 02/23/2025 | Second and third vesting date for two tranches of restricted stock units |
| 02/22/2025 | Second vesting date for one tranche of restricted stock units |
| 02/23/2026 | Third vesting date for one tranche of restricted stock units |
| 02/22/2026 | Third vesting date for one tranche of restricted stock units |
| 02/23/2027 | Third vesting date for one tranche of restricted stock units |
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