City Holding (CHCO) EVP granted RSUs and exercises into common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
City Holding Company executive vice president of retail banking Michael T. Quinlan Jr. reported equity awards and related holdings. On February 25, 2026, he acquired 610 restricted stock units at no cost and, through a derivative exercise, received 2,177 shares of common stock, increasing his directly held common shares to 4,524. He also reports indirect ownership of 2,373.7121 common shares through the company’s 401(k) Plan and Trust. Each restricted stock unit represents one share of common stock and various RSU grants are scheduled to vest in equal annual installments between February 2023 and March 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Quinlan Michael T Jr
Role
EVP, Retail Banking
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 610 | $0.00 | -- |
| Exercise | Common Stock | 2,177 | $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 — 610 shares (Direct);
Common Stock — 4,524 shares (Direct);
Common Stock — 2,373.712 shares (Indirect, by 401(k) Plan and Trust)
Footnotes (1)
- Shares were received for no consideration upon satisfaction of performance criteria underlying the award of performance share units. 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 12/31/2024 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 25, 2027; February 25, 2028; and February 25, 2029 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 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 executive Michael T. Quinlan Jr. report in this Form 4?
He reported equity-related acquisitions, including 610 restricted stock units and 2,177 shares of common stock from exercising a derivative. The filing also updates his direct and indirect share holdings, including shares held through the company’s 401(k) Plan and Trust.
How many CHCO restricted stock units did Michael T. Quinlan Jr. acquire?
He acquired 610 restricted stock units at no cost on February 25, 2026. Each restricted stock unit represents the right to receive one share of City Holding common stock upon settlement, subject to the plan’s vesting conditions and schedule described in the footnotes.
What common stock did Michael T. Quinlan Jr. obtain through derivative exercise at CHCO?
He received 2,177 shares of City Holding common stock via an exercise or conversion of a derivative security on February 25, 2026. This transaction had a reported price of $0.00 per share, reflecting a non-cash equity award settlement under the company’s compensation arrangements.
How do the CHCO restricted stock units for Michael T. Quinlan Jr. vest over time?
The restricted stock units vest in three equal annual installments tied to specific dates between February 2023 and March 2029. Each vested unit converts into one share of common stock, aligning a portion of the executive’s compensation with the company’s long-term performance and retention goals.