HAGEBOECK CHARLES R 4

What Happened Charles R. Hageboeck, President & CEO and a director of City Holding Co. (CHCO), had 665 restricted stock units convert into 665 common shares on February 23, 2026. The Form 4 reports an acquisition of 665 shares at $0.00 (no cash paid) tied to vesting/settlement of RSUs and a corresponding derivative conversion entry for 665 shares (no proceeds). This was not an open-market sale or purchase — it reflects RSU settlement.

Key Details

• Transaction date: 2026-02-23; Form 4 filed: 2026-02-24 (appears timely).
• Reported entries: 665 shares acquired @ $0.00 (code M — exercise/conversion); 665 shares reported as disposed (derivative) @ $0.00 (reflecting conversion/settlement).
• Footnotes: F1 — shares received for no consideration upon RSU vesting and satisfaction of a two-year holding period; F3 — each RSU equals one share; F7 — these RSUs had a multi-year vesting schedule (one‑third vests each year including Feb 23, 2026).
• No cash proceeds were reported; this was not a market sale. The provided excerpt did not state the total shares owned by Hageboeck after the transaction.

Context

• Code M transactions often mean conversion/exercise of derivative awards (here, RSUs converting into common shares). Because there were no proceeds and the shares were received on vesting, this is an award settlement rather than a trade expressing market sentiment.
• For retail investors, vesting of RSUs is routine compensation and does not necessarily indicate a CEO buying or selling stock.