City Holding (CHCO) CEO gains 665 shares from RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
City Holding Company President & CEO Charles R. Hageboeck reported the vesting and settlement of equity awards rather than an open-market trade. On February 23, 2026, he exercised 665 restricted stock units, receiving 665 shares of common stock at $0.00 per share upon vesting and completion of a two-year holding period.
Following this conversion, he directly owned 50,271 shares of common stock, along with several blocks of unvested restricted stock units, each unit representing the right to receive one share at settlement. The filing also notes 2,134.2807 shares held indirectly through the Company’s 401(k) Plan & Trust as of the December 31, 2025 plan valuation date.
Positive
- None.
Negative
- None.
Insider Trade Summary
665 shares exercised/converted
Mixed
7 txns
Insider
HAGEBOECK CHARLES R
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 665 | $0.00 | -- |
| Exercise | Common Stock | 665 | $0.00 | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 665 shares (Direct);
Common Stock — 50,271 shares (Direct);
Common Stock — 2,134.281 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 shares 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 12/31/2025 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 did CHCO CEO Charles Hageboeck report in this Form 4?
He reported the vesting and settlement of equity awards, not an open-market trade. 665 restricted stock units converted into 665 common shares at $0.00 per share after a two-year holding period requirement was met.
What do the CHCO restricted stock units represent for the CEO?
Each City Holding restricted stock unit represents the right to receive one common share at settlement. As units vest on scheduled dates, they can convert into common stock, increasing the CEO’s direct ownership without cash payment.
Do the CHCO restricted stock units have a vesting schedule?
Yes. The footnotes state that various restricted stock unit grants vest in one-third annual installments on specified dates between February 2022 and March 2028, leading to future potential conversions into City Holding common shares.