Form 4: City Holding Co. Executive VP John Derito Sells Shares and Holds Restricted Stock Units
SEC Form 4
John Derito, EVP of Commercial Banking at City Holding Co., reports selling common stock and holding restricted stock units.
Summary
- John Derito, an Executive Vice President at City Holding Co. (CHCO), filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- On November 11, 2024, Derito sold a total of 1,469 shares of common stock in multiple transactions at prices ranging from $135.19 to $135.39.
- Following these transactions, Derito directly owns 30,000 shares of City Holding Co.
- Derito also holds several tranches of restricted stock units (RSUs) which will vest over the coming years.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports transactions. The sales are relatively small compared to the overall holdings.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Investors often monitor these filings to gauge management's sentiment and confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 11/11/2024 | Date of common stock sales. |
| 02/26/2021 | Initial vesting date for some restricted stock units. |
| 02/24/2022 | Initial vesting date for some restricted stock units. |
| 02/23/2023 | Initial vesting date for some restricted stock units. |
| 02/22/2024 | Initial vesting date for some restricted stock units. |
| 02/23/2025 | Vesting date for some restricted stock units. |
| 02/22/2026 | Vesting date for some restricted stock units. |
| 02/23/2027 | Final vesting date for some restricted stock units. |
| 11/12/2024 | Date of Form 4 filing. |
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