Quinlan Michael T Jr 4

What Happened

• Michael T. Quinlan Jr., Executive Vice President, Retail Banking at City Holding Co. (CHCO), acquired a total of 2,787 shares on February 25, 2026. That total comprises a conversion/exercise of 2,177 derivative shares (code M) and the receipt of 610 shares as a grant/award (code A). The reported acquisition price for both items is $0.00 — the shares were issued without cash payment.

Key Details

• Transaction date: 2026-02-25; Filing date: 2026-02-26 (filed the next day).
• Shares and prices: 2,177 shares (exercise/conversion) @ $0.00; 610 shares (award/grant) @ $0.00. Combined = 2,787 shares, no cash paid.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Relevant footnotes: F1 notes the 610 shares were received for no consideration upon satisfaction of performance criteria for performance share units. F3 indicates restricted stock units (RSUs) represent the right to receive one share upon settlement; other footnotes show typical RSU vesting schedules (one‑third vestings over successive years).
• Timeliness: Filing appears timely (reported the next day); no late‑filing flag shown in the provided data.

Context

• These transactions are compensation‑related (conversion of a derivative security and a performance award), not open‑market purchases. Such awards reflect company compensation and vesting rules rather than a direct cash purchase by the insider, so they should be interpreted differently than a personal buy or sale.
• Because the shares were issued at no cost, their economic value depends on CHCO’s market price at settlement; the filing does not indicate immediate sale (cashless exercise) of the shares.