Form 4: City Holding EVP Acquires Shares, RSUs

City Holding Co.'s EVP, CAO & CIO, Jeffrey Dale Legge, reported the acquisition of common stock and restricted stock units as part of his compensation plan.

Summary

• Jeffrey Dale Legge, EVP, CAO & CIO of City Holding Co. (CHCO), reported transactions on February 25, 2026.
• Acquired 1,465 shares of common stock for no consideration, resulting from the satisfaction of performance criteria for performance share units.
• Directly owns 8,965 shares of common stock following these transactions.
• Indirectly owns 8,817.9367 shares of common stock through the company's 401(k) Plan & Trust, as of December 31, 2024.
• Acquired 348 Restricted Stock Units (RSUs) for no consideration, with one-third vesting annually on February 25, 2027, 2028, and 2029.
• Holds 512 stock options to buy common stock at an exercise price of $66.32, exercisable by February 21, 2027.
• Holds additional Restricted Stock Units with various vesting schedules: 164 RSUs (vesting through Feb 2025), 272 RSUs (vesting through Feb 2026), 419 RSUs (vesting through Feb 2027), and 346 RSUs (vesting through Mar 2028).

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a routine compensation filing, reflecting the executive's continued alignment with shareholder interests through equity awards and ownership. The acquisition of shares from performance units indicates successful achievement of prior goals.

Positives

• EVP, CAO & CIO Jeffrey Dale Legge acquired 1,465 shares of common stock at no cost due to performance criteria satisfaction, aligning his interests with shareholders.
• The acquisition of 348 new Restricted Stock Units (RSUs) further incentivizes long-term performance and retention of a key executive.
• The executive holds a significant number of shares directly (8,965) and indirectly (8,817.9367), demonstrating substantial personal investment in the company's success.

Stakeholder Impact

• Shareholders: The acquisition of shares and RSUs by a key executive aligns management's interests with shareholders, potentially fostering long-term value creation.
• Employees: Reflects the company's executive compensation structure, which includes performance-based equity awards.

Next Steps

• Vesting of 348 Restricted Stock Units on February 25, 2027, February 25, 2028, and February 25, 2029.
• Vesting of remaining tranches of 164, 272, 419, and 346 Restricted Stock Units according to their respective schedules through March 21, 2028.
• Potential exercise of 512 stock options by February 21, 2027.

Key Dates

Keywords

City Holding Co, CHCO, Form 4, Insider Transaction, Executive Compensation, Restricted Stock Units, Stock Options, Performance Shares, Beneficial Ownership, Jeffrey Dale Legge