LEGGE JEFFREY DALE 4
Research Summary
AI-generated summary
City Holding (CHCO) EVP Jeffrey Legge Exercises Options, Receives Award
What Happened
- Jeffrey Dale Legge, EVP, CAO & CIO of City Holding Co. (CHCO), acquired a total of 1,813 shares on February 25, 2026. This consists of 1,465 shares from an exercise/conversion of a derivative (transaction code M) and 348 shares from a grant/award (transaction code A). All shares were acquired at $0 per share (no cash paid).
Key Details
- Transaction date: February 25, 2026; Form filed February 26, 2026.
- Breakdown: 1,465 shares (M — exercise/conversion of derivative) and 348 shares (A — grant/award).
- Price paid: $0.00 per share; total cash paid reported = $0.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Relevant footnotes: F1 indicates shares were received for no consideration upon satisfaction of performance criteria (performance share units); F3 notes that each restricted stock unit represents the right to receive one share.
- Timeliness: filing date is the day after the transaction; no late filing flag indicated in the provided data.
Context
- Transaction codes: M = exercise or conversion of a derivative/security; A = grant, award, or other acquisition. Here, the filing shows a conversion/vesting and an award tied to performance criteria rather than an open-market purchase.
- No sale was reported in connection with these transactions; the filing does not show any immediate cashless sale or disposition of the acquired shares.
- Awards and conversions tied to performance or vesting schedules are often routine compensatory events and do not by themselves indicate an insider’s market view.