Form 4: City Holding Co. Executive Vice President Michael T. Quinlan Jr. Reports Stock Transactions
SEC Form 4 Filing
EVP Michael T. Quinlan Jr. of City Holding Co. reports acquisition of 170 shares of common stock upon vesting of restricted stock units and disposition of 170 shares, along with holdings in the company's 401(k) plan.
Summary
- On February 23, 2025, Michael T. Quinlan Jr., EVP of Retail Banking at City Holding Co., reported transactions involving the company's common stock.
- Quinlan acquired 170 shares of common stock due to the vesting of restricted stock units, receiving them for no consideration after a two-year holding period.
- Simultaneously, 170 shares were disposed of.
- Quinlan also reported indirect ownership of 2,313.0052 shares through the company's 401(k) Plan & Trust, as of the plan valuation date of December 31, 2024.
- The report details holdings of various restricted stock units with different vesting schedules.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Positives
- The vesting of restricted stock units indicates a form of compensation and alignment of the executive's interests with the company's performance.
Future Outlook
The report indicates future vesting dates for restricted stock units, suggesting continued equity-based compensation for the executive.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It allows investors to monitor the actions of company executives and their potential impact on the stock's performance.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock transactions.
- The vesting of restricted stock units may incentivize the executive to work towards the company's success, potentially benefiting shareholders.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | 401(k) Plan & Trust valuation date |
| 02/23/2025 | Date of stock transaction and vesting of restricted stock units |
| 02/24/2025 | Date of signature by attorney-in-fact |
Keywords
Form 4, insider trading, restricted stock units, beneficial ownership, CHCO, City Holding Co., Quinlan Michael T Jr., EVP Retail Banking, stock transaction
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