City Holding (CHCO) CFO exercises 190 RSU shares and updates holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
City Holding Company EVP & CFO David L. Bumgarner reported an equity award exercise and updated share holdings. He exercised restricted stock units into 190 shares of common stock through a derivative conversion at a price of $0.00 per share, bringing his directly held common stock to 10,648.146 shares.
He also reported indirect ownership of 3,073.7288 common shares through the company’s 401(k) Plan and Trust and 115 shares through an IRA, plus multiple blocks of restricted stock units that vest in scheduled one-third installments over future dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
190 shares exercised/converted
Mixed
8 txns
Insider
BUMGARNER DAVID L
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 190 | $0.00 | -- |
| Exercise | Common Stock | 190 | $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 — 379 shares (Direct);
Common Stock — 10,648.146 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 22, 2024; February 22, 2025; and February 22, 2026. 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 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 activity did CHCO CFO David L. Bumgarner report?
David L. Bumgarner reported exercising restricted stock units into 190 shares of City Holding common stock at $0.00 per share. The Form 4 also updates his direct and indirect share ownership, including 401(k) and IRA holdings, plus various unvested restricted stock unit awards.
What do the vesting schedules for CHCO restricted stock units show?
The filing shows several restricted stock unit grants vesting in one-third installments on specified February and March dates from 2022 through 2028. Each unit represents a right to receive one share of common stock upon settlement, subject to the stated vesting schedule conditions.