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Insider Trading April 20, 2026 05:22 PM

City Holding Director Adds $13,015 Stake Under 10b5-1 Plan

Director James A. Hoyer purchases 103 shares as board authorizes buyback of up to 1 million shares

By Hana Yamamoto CHCO
City Holding Director Adds $13,015 Stake Under 10b5-1 Plan
CHCO

A director at City Holding Co. bought 103 shares of company stock on April 20, 2026 under a Rule 10b5-1 plan, investing $13,015. The transaction leaves the director with a mix of direct and indirect holdings. Separately, the bank’s board approved a repurchase program permitting the buyback of up to 1,000,000 shares, about 7% of outstanding stock.

Key Points

  • Director James A. Hoyer bought 103 shares of City Holding Co. common stock on April 20, 2026 for $13,015 under a Rule 10b5-1 plan.
  • After the purchase, Mr. Hoyer holds 607 shares directly plus 19 and 100 shares indirectly via SEP accounts.
  • City Holding’s board authorized a share repurchase program for up to 1,000,000 shares, approximately 7% of outstanding stock, to be executed in the open market at accretive prices.

James A. Hoyer, a member of the board of City Holding Co. (NASDAQ:CHCO), executed a purchase of the bank’s common shares on April 20, 2026. The director acquired 103 shares at $126.36 apiece, for a total cash outlay of $13,015. The filing indicates the purchase was carried out pursuant to a Rule 10b5-1 trading plan.

The transaction comes against the backdrop of City Holding’s current market metrics: the $1.81 billion bank is trading at a price-to-earnings ratio of 14.15 and yields 2.74% on its dividend. According to InvestingPro data cited with the filing, CHCO is characterized as appearing undervalued at current market levels, and the company has raised its dividend for 14 consecutive years.

Following the April 20 purchase, Mr. Hoyer’s direct ownership in City Holding Co. common stock stands at 607 shares. In addition to those direct holdings, the filing lists 19 shares held indirectly through a SEP account under the name of James A. Hoyer and a further 100 shares held indirectly by James A Hoyer SEP.

In related corporate actions, City Holding Company’s board has approved a share repurchase program allowing the company to buy back up to 1,000,000 common shares, which the company states represents roughly 7% of its outstanding shares. The repurchases are intended to be conducted in open market transactions at prices that are accretive to earnings per share. Management retains discretion to commence, suspend or cease purchases based on prevailing market and business conditions, and no definitive time frame for the program has been established.

Company disclosures frame the buyback authorization as part of the bank’s broader capital management strategy. The filing does not attach a timetable or minimum purchase level to the repurchase program, and specifies that executions will depend on market dynamics and internal assessments of accretion.

All figures and descriptions above are taken from the company filings and the accompanying analysis cited in the filing. The transaction reported here is limited to the details provided in those documents.

Risks

  • The repurchase program has no set time frame and may be started, paused or stopped at management’s discretion, creating uncertainty about the timing and scale of buybacks.
  • Open market purchases will depend on prevailing market conditions and prices that management deems accretive, meaning the company may refrain from repurchases if conditions are unfavorable.
  • The 10b5-1 plan purchase reflects a single director’s trade and does not, by itself, indicate broader insider buying patterns or changes to corporate strategy.

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