Charles R. Hageboeck, President and Chief Executive Officer of City Holding Co (NASDAQ: CHCO), reported the sale of 1,275 shares of the company's common stock on February 20, 2026, according to a Form 4 filed with the Securities and Exchange Commission.
The disposition occurred in two separate transactions with execution prices between $125.0 and $125.5 per share, producing total proceeds of $159,791. At the time of reporting, City Holding shares were trading at $121.88. The filing also notes an analytical assessment indicating the company appears undervalued when measured against comprehensive Fair Value metrics.
Following these sales, Hageboeck directly holds 49,084 shares of City Holding common stock. He additionally maintains an indirect stake of 2,134.2807 shares through a 401(k) Plan and Trust. The Form 4 filing further documents the executive's holdings of restricted stock units - each unit representing a right to receive one share of City Holding common stock at settlement - which are scheduled to vest in installments over the next several years.
Separately, City Holding Company announced a quarterly cash dividend of $0.87 per common share. The dividend is payable on January 30, 2026, to shareholders of record as of January 15, 2026, as disclosed in a filing with the SEC.
In addition to the dividend announcement, Piper Sandler initiated coverage on City Holding with a Neutral rating and a price target of $125.00. In its initiation report, the research firm highlighted several return metrics for the company, including an estimated return on assets of 1.83% for 2026, a pre-provision net revenue return on assets of 2.35%, and a return on tangible common equity of 19.0%.
Taken together, the insider transaction, dividend declaration, and the new research coverage provide multiple data points for investors evaluating City Holding's near-term outlook. The Form 4 makes clear the precise scale of Hageboeck's sale and the remainder of his direct and indirect positions, while the Piper Sandler initiation supplies quantified return expectations and a market price reference point.
Key points
- Charles R. Hageboeck sold 1,275 shares on February 20, 2026, in two trades for total proceeds of $159,791 at prices between $125.0 and $125.5 per share.
- After the sale, Hageboeck directly owns 49,084 shares and indirectly owns 2,134.2807 shares through a 401(k) Plan and Trust; he also holds restricted stock units that vest over the next several years.
- City Holding declared a quarterly cash dividend of $0.87 per share payable January 30, 2026, with record date January 15, 2026; Piper Sandler initiated coverage with a Neutral rating and a $125 price target, citing specific 2026 return metrics.
Risks and uncertainties
- Insider selling does not by itself indicate the executive's broader intentions or future transactions; the filing reports only the specific sale and remaining holdings.
- Market price movements could differ from the price target or the Fair Value assessment noted in filings; the piece reports the current trading price of $121.88 and the $125 price target without drawing conclusions beyond those figures.
- Restricted stock units are scheduled to vest over time, which may affect future insider ownership levels and potential future transactions as units settle.
Sector impacts
- The activity and disclosures are most directly relevant to banking and regional financial services market participants tracking insider moves, dividend policy, and independent research coverage.