Form 4: City Holding Co. Executive Vice President Reports Stock Transactions
SEC Form 4 Filing
John A. Derito, EVP of Commercial Banking at City Holding Co., reports the vesting and conversion of restricted stock units into common stock.
Summary
- On February 26, 2024, John A. Derito, EVP of Commercial Banking at City Holding Co., reported transactions involving the company's stock.
- Derito converted 236 restricted stock units into 236 shares of common stock at a price of $0.
- Following the reported transaction, Derito directly owns 31,703 shares of City Holding Co. common stock.
- Derito also holds various restricted stock units and stock options with different vesting schedules and exercise prices.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment, but rather provides information about insider transactions.
Positives
- The vesting of restricted stock units indicates that certain performance or time-based milestones have been met.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.
Stakeholder Impact
- Shareholders may be interested in tracking insider transactions as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 02/27/2020 | One-third of 215 restricted stock units are scheduled to vest. |
| 02/26/2021 | One-third of 236 restricted stock units are scheduled to vest. |
| 02/27/2021 | One-third of 215 restricted stock units are scheduled to vest. |
| 02/24/2022 | One-third of 464 restricted stock units are scheduled to vest. |
| 02/22/2022 | 1,034 options shares vest. |
| 02/26/2022 | One-third of 236 restricted stock units are scheduled to vest. |
| 02/27/2022 | One-third of 215 restricted stock units are scheduled to vest. |
| 02/23/2023 | One-third of 690 restricted stock units are scheduled to vest. |
| 02/24/2023 | One-third of 464 restricted stock units are scheduled to vest. |
| 02/26/2023 | One-third of 236 restricted stock units are scheduled to vest. |
| 02/22/2024 | One-third of 560 restricted stock units are scheduled to vest. |
| 02/23/2024 | One-third of 690 restricted stock units are scheduled to vest. |
| 02/24/2024 | One-third of 464 restricted stock units are scheduled to vest. |
| 02/26/2024 | Date of the reported transaction where 236 restricted stock units were converted to common stock. |
| 02/22/2025 | One-third of 560 restricted stock units are scheduled to vest. |
| 02/23/2025 | One-third of 690 restricted stock units are scheduled to vest. |
| 02/25/2025 | Options to buy 600 shares at $46.61 vest. |
| 02/22/2026 | One-third of 560 restricted stock units are scheduled to vest. |
| 02/21/2027 | Options to buy 3,100 shares at $66.32 vest. |
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