This cluster is too small to warrant a trading signal. Monitor for any material change in insider selling velocity (e.g., >$1M in a single week) or a cluster of C-suite purchases, which would be far more informative.
Price Chart
Executive Summary
Two C-suite insiders at City Holding Co (CHCO) sold a combined $308K in open-market sales over a 5-day window, representing ~0.017% of the $1.8B market cap. The dollar amount is trivial relative to company size, and the sales are likely liquidity-driven (blackout window opening or routine diversification), not a bearish signal. The cluster is non-informative per the academic literature on insider sales.
Key Financial Metrics
Key Facts
- EVP & CFO David L. Bumgarner sold 1,161 shares at $124.50 for $144,545 on May 22, 2026
- EVP, CAO & CIO Jeffrey Dale Legge sold 1,309 shares at $125.00 for $163,625 on May 26, 2026
- Total cluster value of $308K is ~0.017% of CHCO's $1.8B market cap
- Both sales were open-market transactions; no insider purchases in the cluster
- No 10b5-1 plan designation was noted, but the small size and C-suite participation suggest routine portfolio rebalancing
Financial Impact
Total insider sales of $308K, immaterial relative to $1.8B market cap
Risk Factors
- If insider selling accelerates to >$1M in a 30-day window, it could signal management concern about valuation or upcoming headwinds
- No purchases in this cluster — sustained selling without any insider buying would be a mild negative over time
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CHCO-1779890018593 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 1, 2026 20w ago | Insider Cluster | $123.68 $144.47 | ▲ +16.81% | ▲ +15.58% | $142.01 (+14.82%) |
May 28, 2026 21w ago | 8-K | $124.60 $144.48 | ▲ +15.96% | ▲ +14.22% | $142.01 (+13.97%) |
May 28, 2026 21w ago | 8-K | $124.60 $144.48 | ▲ +15.96% | ▲ +14.22% | $142.01 (+13.97%) |
May 27, 2026 21w ago | Insider Cluster | $124.52 $144.00 | ▲ +15.64% | ▲ +13.76% | $142.01 (+14.05%) |
May 6, 2026 24w ago | Insider Cluster | $122.96 $145.11 | ▲ +18.01% | ▲ +15.95% | $142.01 (+15.49%) |
Apr 29, 2026 25w ago | 8-K | $121.40 $139.62 | ▲ +15.01% | ▲ +10.90% | $142.01 (+16.98%) |
Apr 27, 2026 26w ago | Insider Cluster | $124.46 $139.17 | ▲ +11.82% | ▲ +7.04% | $142.01 (+14.10%) |
Apr 23, 2026 26w ago | 8-K | $126.65 $135.94 | ▲ +7.34% | ▲ +2.32% | $142.01 (+12.13%) |
Apr 20, 2026 26w ago | Insider Cluster | $125.33 $135.76 | ▲ +8.32% | ▲ +2.75% | $142.01 (+13.31%) |
Apr 20, 2026 26w ago | Insider Cluster | $125.33 $135.76 | ▲ +8.32% | ▲ +2.75% | $142.01 (+13.31%) |
US Market Status
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