Charles R. Hageboeck, the President and CEO of City Holding Co (NASDAQ:CHCO), has disposed of a portion of his holdings in the company's common stock. According to a recent Form 4 filing with the Securities and Exchange Commission, the transaction involved the sale of 5,855 shares. The execution of this sale took place on April 28, 2026, at a price per share of $125.3014, resulting in a total transaction value of $733,639.
The price achieved during the sale is closely aligned with the current market trading level for CHCO, which sits at approximately $125.15. Despite this executive sale, some analytical perspectives suggest that the company may be trading below its Fair Value, potentially placing it on lists of undervalued assets. The regional bank holding company currently maintains a valuation of $1.77 billion and is trading with a P/E ratio of 13.78, while providing shareholders with a dividend yield of 2.76%.
Executive Equity Position
Following the completion of this transaction, Mr. Hageboeck retains a direct ownership stake of 50,341 shares of City Holding Co common stock. In addition to these direct holdings, he maintains an indirect interest of 2,134.2807 shares through a trust and 401(k) plan, based on the valuation reported for December 31, 2025. The CEO's compensation structure also includes several tranches of restricted stock units (RSUs), which grant the right to receive common stock upon settlement according to specific vesting schedules:
- 665 RSUs with vesting installments on February 23, 2023, February 23, 2024, and February 23, 2025.
- 1,043 RSUs with vesting installments on February 22, 2024, February 22, 2025, and February 22, 2026.
- 1,627 RSUs with vesting installments on February 23, 2025, February 23, 2026, and February 23, 2027.
- 1,347 RSUs with vesting installments on March 21, 2026, March 21, 2027, and March 21, 2028.
- 1,365 RSUs with vesting installments on February 25, 2027, February 25, 2028, and February 25, 2029.
Corporate Capital Strategy
In a separate move related to capital management, City Holding Company has announced that its board of directors has authorized the repurchase of up to 1,000,000 common shares. This buyback program represents roughly 7% of the company's outstanding shares. The bank holding company, which carries a $6.7 billion valuation, intends to acquire these shares via open market transactions. Management has indicated that these repurchases will be aimed at being accretive to earnings per share and noted that they retain the discretion to initiate or pause the program based on business and market conditions. There is no established time limit for this repurchase initiative.
The company's commitment to returning value to shareholders is also evidenced by its dividend history; City Holding Co has raised its dividend for 14 consecutive years and has maintained consistent dividend payments for a period of 25 consecutive years.