City Holding (NASDAQ: CHCO) director adds 103 shares in 10b5-1 trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CITY HOLDING CO director James A Hoyer bought 103 shares of Common Stock at $126.36 per share in an open-market purchase made under a Rule 10b5-1 Plan. After this trade, he directly holds 607 shares. Separately, he indirectly holds 100 shares and 19 shares through SEP accounts noted in the filing.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Buyer: 103 shares ($13,015)
Net Buy
3 txns
Insider
Hoyer James A
Role
null
Bought
103 shs ($13K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 103 | $126.36 | $13K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 607 shares (Direct, null);
Common Stock — 19 shares (Indirect, SEP James A. Hoyer)
Footnotes (1)
- [object Object]
Key Figures
Shares purchased: 103 shares
Purchase price: $126.36 per share
Direct holdings after trade: 607 shares
+2 more
5 metrics
Shares purchased
103 shares
Open-market purchase of Common Stock
Purchase price
$126.36 per share
Price for the 103-share open-market buy
Direct holdings after trade
607 shares
Common Stock directly owned after the purchase
Indirect SEP holdings
100 shares
Indirect ownership by "James A Hoyer SEP"
Additional SEP holdings
19 shares
Indirect ownership by "SEP James A. Hoyer"
Key Terms
Rule 10b5-1 Plan, open-market purchase, Common Stock
3 terms
Rule 10b5-1 Plan regulatory
"Purchase made pursuant to a Rule 10b5-1 Plan."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
open-market purchase financial
"transaction_action is described as an open-market purchase of Common Stock."
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
Common Stock financial
"Each reported transaction involves CITY HOLDING CO Common Stock."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did CHCO director James A Hoyer report?
Director James A Hoyer reported buying 103 shares of CITY HOLDING CO Common Stock. The purchase was an open-market transaction at $126.36 per share and was executed pursuant to a Rule 10b5-1 trading plan, indicating it was pre-scheduled rather than a discretionary trade.
What does the Rule 10b5-1 Plan note mean in the CHCO Form 4?
The Form 4 states the purchase was made pursuant to a Rule 10b5-1 Plan. Such plans allow insiders to pre-schedule trades at times when they are not aware of material nonpublic information, which can reduce the significance of trade timing as a signal to outside investors.
Are James A Hoyer’s CHCO holdings direct or indirect after this filing?
Following the reported transaction, James A Hoyer holds 607 CHCO shares directly. He also has indirect ownership of 100 shares and 19 shares through SEP accounts, which are identified in the filing as separate indirect positions from his personally held Common Stock.