LEGGE JEFFREY DALE 4
4 · CITY HOLDING CO · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
City Holding (CHCO) EVP Jeffrey Legge Receives 136 Shares (RSU Vest)
What Happened
Jeffrey Dale Legge, EVP, CAO & CIO of City Holding Co. (CHCO), had 136 restricted stock units convert into 136 shares on February 22, 2026. The Form 4 reports an acquisition of 136 shares at $0.00 (no consideration) and a related derivative conversion entry for 136 shares at $0.00. Total reported cash value in the filing is $0 because the shares were issued on vesting/settlement rather than bought on the open market.
Key Details
- Transaction date: 2026-02-22. Report filed 2026-02-23.
- Reported as derivative conversion/exercise (transaction code M); acquisition 136 shares @ $0.00; related derivative disposition 136 shares @ $0.00.
- Shares owned after transaction: not provided in the excerpt supplied.
- Relevant footnotes:
- F1: Shares received for no consideration upon RSU vesting and satisfaction of a two-year holding period.
- F3: Each RSU equals one share of common stock.
- F4: These RSUs were scheduled to vest one-third each on 2/22/2024, 2/22/2025 and 2/22/2026 (this appears to be the final tranche).
- No cash sale or open-market purchase reported in this filing.
Context
This was an issuance on vesting/settlement of RSUs (a common executive compensation event), not an active buy or sale in the market. The zero-dollar reporting reflects that the shares were issued as compensation upon vesting, not purchased. Such transactions are routine and reflect compensation/vesting schedules rather than an insider signaling a buy or sell.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-22+136→ 7,173 total - Exercise/Conversion
Restricted Stock Unit
[F3][F4]2026-02-22−136→ 272 total→ Common Stock (136 underlying)
- 8,817.937(indirect: By Trust)
Common Stock
[F2] - 512
Stock Option to Buy
[F5]Exercise: $66.32Exp: 2027-02-21→ Common Stock (512 underlying) - 163
Restricted Stock Unit
[F3][F6]Exercise: $0.00→ Common Stock (163 underlying) - 328
Restricted Stock Unit
[F3][F7]→ Common Stock (328 underlying) - 419
Restricted Stock Unit
[F3][F8]→ Common Stock (419 underlying) - 346
Restricted Stock Unit
[F3][F9]→ Common Stock (346 underlying)
Footnotes (9)
- [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 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.
- [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]Options shares granted from City Holding Company's 2013 Incentive Plan are subject to both time-based and performance-based vesting. Options shares shall vest as follows: 512 shares on each of 2/22/2020, 2/22/2021 and 2/22/2022.
- [F6]One-third of these restricted stock units are scheduled to vest on each of February 24, 2022; February 24, 2023; and February 24, 2024.
- [F7]One-third of these restricted stock units are scheduled to vest on each of February 23, 2023; February 23, 2024; and February 23, 2025.
- [F8]One-third of these restricted stock units are scheduled to vest on each of February 23, 2025; February 23, 2026; and February 23, 2027.
- [F9]One-third of these restricted stock units are scheduled to vest on each of March 21, 2026; March 21, 2027; and March 21, 2028