BUMGARNER DAVID L 4

What Happened

• David L. Bumgarner, Chief Financial Officer of City Holding Co (CHCO), reported the conversion/exercise of a derivative on Feb 23, 2026 that resulted in 170 shares acquired at $0.00 (code M). The same filing also shows a matching 170-share disposition at $0.00 on the same date.
• The filing indicates these shares arose from restricted stock units (RSUs) that vested and were received for no consideration after satisfying a two‑year holding period; each RSU converts to one share. This was a compensation/vesting event rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-02-23; Report filed: 2026-02-24 (timely filing).
• Reported amounts/prices: 170 shares acquired @ $0.00; 170 shares disposed @ $0.00 (both listed as derivative conversions, code M).
• Shares owned after transaction: not specified in the excerpt provided.
• Notable footnotes: F1 notes shares were received for no consideration upon RSU vesting and satisfaction of a two‑year holding period; F3 clarifies each RSU equals one share.
• No indication in the provided data of a 10b5-1 plan or explicit tax withholding explanation in the footnotes.

Context

• This transaction reflects RSU vesting and conversion into common stock (a common form of executive compensation). It does not represent an open‑market buy or a deliberate sale for cash, so it should be interpreted as routine compensation-related activity rather than an explicit bullish or bearish market signal.