City Holding (NASDAQ: CHCO) EVP converts 145 RSUs into common shares at no cost
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CITY HOLDING CO executive Michael T. Quinlan Jr., EVP of Retail Banking, exercised 145 restricted stock units into 145 shares of common stock at no cost on February 24, 2026. These shares were received upon vesting and completion of a two-year holding period. After the transaction he directly holds 2,347 common shares and also has 2,373.7121 shares held indirectly through the Company’s 401(k) Plan & Trust as of the December 31, 2024 valuation date. He also retains additional restricted stock units scheduled to vest in tranches through 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
145 shares exercised/converted
Mixed
7 txns
Insider
Quinlan Michael T Jr
Role
EVP, Retail Banking
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 145 | $0.00 | -- |
| Exercise | Common Stock | 145 | $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 — 0 shares (Direct);
Common Stock — 2,347 shares (Direct);
Common Stock — 2,373.712 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 12/31/2024 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 24, 2022; February 24, 2023; and February 24, 2024. 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 insider transaction did CITY HOLDING CO (CHCO) report for Michael T. Quinlan Jr?
CITY HOLDING CO reported that EVP of Retail Banking Michael T. Quinlan Jr exercised 145 restricted stock units into 145 common shares on February 24, 2026. The units converted at no cost upon vesting and completion of a two-year holding period.
What type of equity awards does Michael T. Quinlan Jr hold at CITY HOLDING CO (CHCO)?
Michael T. Quinlan Jr holds restricted stock units that each convert into one share of common stock at settlement. Footnotes state multiple RSU grants vest in equal installments on specified dates between February 2025 and March 2028.
How do the restricted stock units convert into CITY HOLDING CO (CHCO) common stock?
Each restricted stock unit represents the right to receive one CHCO common share at settlement. Once vesting and any required holding period are satisfied, units convert into common stock, as seen with the 145 units exercised on February 24, 2026.