HAGEBOECK CHARLES R 4

What Happened

• Charles R. Hageboeck, President & CEO and a director of City Holding Co. (CHCO), acquired a total of 6,994 shares on 2026-02-25 via two non‑cash transactions: conversion/exercise of 5,629 derivative units (code M) and receipt of 1,365 performance share units (code A). Both transactions show $0 cash paid (i.e., shares issued/settled at no cash cost).

Key Details

• Transaction dates and prices: 2026-02-25 — 5,629 shares (M) at $0.00; 1,365 shares (A) at $0.00.
• Total shares acquired that day: 6,994; total cash paid shown: $0 (these were settlements/awards, not market buys).
• Notable footnote(s): F1 — the 1,365 shares were received for no consideration upon satisfaction of performance criteria underlying the award of performance share units. F3 notes each restricted stock unit represents the right to receive one share at settlement.
• Shares owned after transaction: Not specified in the information provided in this summary.
• Filing timeliness: Form filed 2026-02-26 for transactions dated 2026-02-25 (filed the next day), which is generally timely for Form 4 reporting.

Context

• Code M indicates exercise or conversion of a derivative/security (e.g., settlement of restricted stock units or other equity awards); code A indicates a grant/award. Both here reflect compensation vesting/settlement rather than an open‑market purchase or sale.
• Awarded or vested shares issued at $0 are common for performance‑based compensation and do not necessarily signal the insider’s market view. For retail investors, these add to insider ownership but should be viewed as part of executive compensation rather than a cash investment by the insider.