David L. Bumgarner, who serves as Executive Vice President and Chief Financial Officer of City Holding Co. (NASDAQ:CHCO), executed a sale of the company's common stock on May 20, 2026.
During this transaction, Mr. Bumgarner disposed of 805 shares at an individual price point of $124.50 per share. This activity resulted in a total value for the sale amounting to $100,222. Following the completion of this transaction, his direct holdings of City Holding Co. common stock were recorded at 11,827.146 shares.
The timing of this sale occurs against a backdrop of various corporate metrics for City Holding. The company currently trades with a Price-to-Earnings (P/E) ratio of 13.7 and maintains a stated dividend yield of 2.81%. Furthermore, analysis provided by InvestingPro suggests that the stock may be undervalued when compared to its calculated Fair Value. A notable aspect highlighted by this analysis is that the company has successfully increased its dividend for a period spanning 14 consecutive years, which represents one key data point available to subscribers of InvestingPro.
Beyond his direct personal investment, Mr. Bumgarner maintains indirect holdings in the company's stock. These include an amount totaling 3,073.7288 shares held through the corporate 401(k) Plan and Trust, as well as an additional 115 shares indirectly managed via an IRA account.
His commitment to holding Company stock is further detailed through several tranches of Restricted Stock Units (RSUs). Each RSU represents the contractual right to receive one share of common stock upon its scheduled settlement date. These units are structured as follows:
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Risks
- Insider selling signal (Potential reduction in internal confidence)
- Reliance on open market transactions for buybacks
- Market perception of undervaluation vs. actual performance
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