CITY HOLDING CO (CHCO) CFO converts 170 RSUs into common stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CITY HOLDING CO executive vice president and chief financial officer David L. Bumgarner reported an exercise of derivative awards into common stock. On February 23, 2026, he converted 170 restricted stock units into 170 shares of common stock at a stated price of $0.00 per share, reflecting a vesting event rather than an open-market purchase.
Each restricted stock unit represents the right to receive one share of common stock at settlement, and the shares were received for no cash consideration after vesting and completion of a two-year holding period. Following this transaction, his directly held common stock position is reported as 10,818.146 shares, with additional indirect holdings of common stock reported through a 401(k) Plan and Trust and an IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
170 shares exercised/converted
Mixed
8 txns
Insider
BUMGARNER DAVID L
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 170 | $0.00 | -- |
| Exercise | Common Stock | 170 | $0.00 | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 170 shares (Direct);
Common Stock — 10,818.146 shares (Direct);
Common Stock — 3,073.729 shares (Indirect, by 401(k) Plan and Trust)
Footnotes (1)
- Shares were received for no consideration upon vesting of the restricted stock units and the satisfaction of a two-year holding period. Includes share acquired pursuant to the Company's 401(k) Plan & Trust during the fiscal year in transactions exempt from 16b under old Rule 16a8(b). Share totals are reported as of the 12/31/2024 plan valuation date. Each restricted stock unit represents the right to receive, at settlement, one share of common stock. One-third of these restricted stock units are scheduled to vest on each of February 23, 2023; February 23, 2024; and February 23, 2025. One-third of these restricted stock units are scheduled to vest on each of February 24, 2022; February 24, 2023; and February 24, 2024. One-third of these restricted stock units are scheduled to vest on each of February 22, 2024; February 22, 2025; and February 22, 2026. One-third of these restricted stock units are scheduled to vest on each of February 23, 2025; February 23, 2026; and February 23, 2027. One-third of these restricted stock units are scheduled to vest on each of March 21, 2026; March 21, 2027; and March 21, 2028
FAQ
What insider transaction did CITY HOLDING CO (CHCO) report for David L. Bumgarner?
CITY HOLDING CO reported that CFO David L. Bumgarner converted 170 restricted stock units into 170 shares of common stock. The units vested and settled at $0.00 per share, indicating no cash outlay and reflecting equity compensation rather than an open-market purchase.
What is the nature of the 170 CITY HOLDING CO (CHCO) restricted stock units reported?
The 170 restricted stock units represent rights to receive one share of CITY HOLDING CO common stock per unit at settlement. These units vested and were settled into shares for no cash consideration following completion of a required two-year holding period, according to the disclosure footnote.
What do the vesting footnotes for CITY HOLDING CO (CHCO) restricted stock units indicate?
The footnotes describe multiple restricted stock unit grants that vest in one-third installments on specified February and March dates across several years. They explain that each unit converts into one common share at settlement, outlining the scheduled vesting pattern for these long-term equity awards.