City Holding (NASDAQ: CHCO) EVP gains 202 shares from RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CITY HOLDING CO EVP Michael T. Quinlan Jr. exercised restricted stock units on February 22, 2026, converting 202 restricted stock units into 202 shares of common stock at no cost upon vesting and completion of a two-year holding period. After these transactions, he directly holds 403 restricted stock units and 2,032 shares of common stock, with an additional 2,373.7121 shares held indirectly through the company’s 401(k) Plan and Trust as of the December 31, 2024 plan valuation date.
Positive
- None.
Negative
- None.
Insider Trade Summary
202 shares exercised/converted
Mixed
7 txns
Insider
Quinlan Michael T Jr
Role
EVP, Retail Banking
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 202 | $0.00 | -- |
| Exercise | Common Stock | 202 | $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 — 403 shares (Direct);
Common Stock — 2,032 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 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 transaction did CITY HOLDING CO (CHCO) report for Michael T. Quinlan Jr.?
CITY HOLDING CO reported that EVP Michael T. Quinlan Jr. exercised 202 restricted stock units into 202 common shares on February 22, 2026. The shares were received for no consideration upon vesting and completion of a required two-year holding period.
What happened to the restricted stock units in the CHCO Form 4 filing?
In the CHCO filing, 202 restricted stock units vested and were converted into 202 shares of common stock at no cost. Each restricted stock unit represents the right to receive one common share upon settlement, according to the disclosed footnotes.
How are Michael T. Quinlan Jr.’s indirect CHCO holdings structured?
His indirect CITY HOLDING CO holdings consist of 2,373.7121 common shares held by the company’s 401(k) Plan and Trust. These shares include amounts acquired during the fiscal year in transactions exempt from Section 16(b), with totals reported as of December 31, 2024.
What do the vesting schedules mean for CHCO restricted stock units in this filing?
The filing explains that certain restricted stock unit grants vest in one-third installments on specified February or March dates across multiple years. This structure spreads equity compensation over time, with each vested unit converting into one share of CITY HOLDING CO common stock at settlement.