BUMGARNER DAVID L 4
4 · CITY HOLDING CO · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
City Holding (CHCO) CFO David L. Bumgarner Converts 190 RSUs to Shares
What Happened David L. Bumgarner, Chief Financial Officer of City Holding Co. (CHCO), converted 190 vested restricted stock units (RSUs) into 190 shares of common stock on February 22, 2026. The shares were received for no consideration (price $0.00); the filing also shows a corresponding disposition of the derivative instrument (the RSU) for $0.00, which is standard when an RSU is settled into stock. This was not a market purchase or sale of stock.
Key Details
- Transaction date: 2026-02-22; Form 4 filed: 2026-02-23 (appears timely).
- Reported amounts: 190 shares acquired at $0.00; 190 derivative units disposed at $0.00.
- Total cash exchanged: $0 (RSUs settled to shares).
- Relevant footnotes: F1 — shares received for no consideration upon vesting and satisfaction of a two-year holding period; F3 — each RSU equals one share; F4 — one-third of the award vests on Feb 22 of 2024, 2025 and 2026 (vesting schedule context).
- Shares owned after the transaction: not specified in the provided filing excerpt.
Context This filing documents conversion/settlement of RSUs (derivative instruments) into common stock, not an open-market trade. It’s common for Form 4s to show both an acquisition of shares and a corresponding disposition of the derivative when RSUs vest and are settled. Such settlements typically reflect compensation vesting and do not by themselves signal a buy or sell intent in the market.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-22+190→ 10,648.146 total - Exercise/Conversion
Restricted Stock Unit
[F3][F4]2026-02-22−190→ 379 total→ Common Stock (190 underlying)
- 3,073.729(indirect: By Trust)
Common Stock
[F2] - 115(indirect: By IRA)
Common Stock
- 169
Restricted Stock Unit
[F3][F5]→ Common Stock (169 underlying) - 340
Restricted Stock Unit
[F3][F6]→ Common Stock (340 underlying) - 615
Restricted Stock Unit
[F3][F7]→ Common Stock (615 underlying) - 524
Restricted Stock Unit
[F3][F8]→ Common Stock (524 underlying)
Footnotes (8)
- [F1]Shares were received for no consideration upon vesting of the restricted stock units and the satisfaction of a two-year holding period.
- [F2]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.
- [F3]Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
- [F4]One-third of these restricted stock units are scheduled to vest on each of February 22, 2024; February 22, 2025; and February 22, 2026.
- [F5]One-third of these restricted stock units are scheduled to vest on each of February 24, 2022; February 24, 2023; and February 24, 2024.
- [F6]One-third of these restricted stock units are scheduled to vest on each of February 23, 2023; February 23, 2024; and February 23, 2025.
- [F7]One-third of these restricted stock units are scheduled to vest on each of February 23, 2025; February 23, 2026; and February 23, 2027.
- [F8]One-third of these restricted stock units are scheduled to vest on each of March 21, 2026; March 21, 2027; and March 21, 2028