Quinlan Michael T Jr 4

What Happened
Michael T. Quinlan Jr., EVP, Retail Banking at City Holding Co. (CHCO), had 202 restricted stock units convert into 202 shares on February 22, 2026. The Form 4 reports an exercise/conversion of a derivative (code M) resulting in 202 shares acquired at $0.00 and a corresponding 202-share disposition entry also at $0.00. No cash proceeds or purchase price are reported.

Key Details

• Transaction date: 2026-02-22 (reported on Form 4 filed 2026-02-23).
• Reported price per share: $0.00 (shares received upon vesting/settlement).
• Net cash exchanged: $0.00 reported.
• Footnotes of note:
  • F1: Shares were received for no consideration upon vesting and after satisfying a two-year holding period.
  • F3: Each restricted stock unit (RSU) converts 1-for-1 into a share of common stock.
  • Other footnotes (F4–F8) describe various multi-year vesting schedules for RSUs.
• Shares owned after the transaction: not specified in the excerpt provided.
• Filing timeliness: Form filed the next day; no late filing indicator shown in the provided data.

Context
This was not an open-market buy or sale but a routine conversion/settlement of RSUs (derivative exercise/conversion). Such entries typically reflect compensation vesting rather than active trading decisions by the insider. The duplicate acquired/disposed entries in the filing both show $0 consideration; the filing does not report cash proceeds. Purchases are often more informative about insider sentiment; this report documents compensation vesting.