Form 4: City Holding Co. Executive VP John Derito Reports Stock Transactions
SEC Form 4
John Derito, EVP of Commercial Banking at City Holding Co., reports the acquisition and disposal of common stock and derivative securities.
Summary
- On May 14, 2024, John Derito, EVP of Commercial Banking at City Holding Co., filed a Form 4 detailing changes in beneficial ownership.
- Derito acquired 600 shares of common stock at $46.61 and 762 shares at $66.32 through option exercises.
- He also disposed of 1,362 shares of common stock at $102.936.
- Following these transactions, Derito directly owns 34,256 shares of common stock.
- The report also details the vesting schedules for various restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company executives.
Key Dates
| Date | Description |
|---|---|
| 02/26/2018 | Vesting date for 600 option shares. |
| 02/26/2019 | Vesting date for 600 option shares. |
| 02/26/2020 | Vesting date for 600 option shares. |
| 02/22/2020 | Vesting date for 1,033 option shares. |
| 02/22/2021 | Vesting date for 1,033 option shares. |
| 02/22/2022 | Vesting date for 1,034 option shares. |
| 02/24/2022 | Vesting date for one-third of restricted stock units (464 shares). |
| 02/26/2021 | Vesting date for one-third of restricted stock units (236 shares). |
| 02/23/2023 | Vesting date for one-third of restricted stock units (690 shares). |
| 02/24/2023 | Vesting date for one-third of restricted stock units (464 shares). |
| 02/26/2022 | Vesting date for one-third of restricted stock units (236 shares). |
| 02/23/2024 | Vesting date for one-third of restricted stock units (690 shares). |
| 02/24/2024 | Vesting date for one-third of restricted stock units (464 shares). |
| 02/22/2024 | Vesting date for one-third of restricted stock units (560 shares). |
| 02/25/2025 | Expiration date for stock options to buy 600 shares at $46.61. |
| 02/23/2025 | Vesting date for one-third of restricted stock units (579 shares). |
| 02/23/2025 | Vesting date for one-third of restricted stock units (690 shares). |
| 02/22/2025 | Vesting date for one-third of restricted stock units (560 shares). |
| 02/23/2026 | Vesting date for one-third of restricted stock units (579 shares). |
| 02/22/2026 | Vesting date for one-third of restricted stock units (560 shares). |
| 02/21/2027 | Expiration date for stock options to buy 762 shares at $66.32. |
| 02/23/2027 | Vesting date for one-third of restricted stock units (579 shares). |
| 05/14/2024 | Date of the reported transactions. |
| 05/15/2024 | Date of signature by attorney-in-fact. |
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