Form 4: W. H. File III Reports Acquisition of City Holding Co. Shares
SEC Form 4 Filing
Director W. H. File III acquired 321 shares of City Holding Co. common stock on February 28, 2024, through a stock award.
Summary
- On February 28, 2024, W. H. File III, a director of City Holding Co., acquired 321 shares of common stock.
- The acquisition was a stock award with a value of $0 per share.
- The fair market value of the company's closing price of common stock on February 28, 2024, was determined to be $99.52 per share.
- Following the transaction, W. H. File III directly owns 26,005 shares of common stock.
- W. H. File III also indirectly owns common stock for his son, W. H. File IV.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is considered neutral.
Positives
- The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of transaction: acquisition of 321 shares of common stock. |
| 02/28/2024 | Date of grant for the stock award and determination of fair market value at $99.52 per share. |
| 02/29/2024 | Date of signature by Victoria A. Faw, attorney-in-fact. |
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