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City Holding Executive Compensation (FY25)

CHCO · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Charles Hageboeck
Latest say-on-pay support
=
April 30, 2025
Chief executive pay ratio
◇
To the median employee
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Data as of October 23, 2026Latest filing (DEF 14A): March 27, 2026
14 filings cited on this page
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279 figures on this page: 269 cited to the filing that reported them, 10 calculated from figures it prints. See the citations

More on City Holding

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Charles Hageboeck: $1,910,759 → $1,922,194 (0.6% higher)
Say-on-pay support: 95.7% → 94.8% (0.9 points lower)
CEO pay ratio: 44:1 → 42:1 (4.5% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is City Holding's chief executive and what were they paid?
Charles Hageboeck, President, Chief Executive Officer and Director, received $1,922,194 in total compensation for fiscal 2025. Hageboeck's total was 0.6% higher than the $1,910,759 reported for fiscal 2024.
What was City Holding's say-on-pay result?
The say-on-pay proposal drew 94.8% of votes cast for or against in favor at the meeting held April 30, 2025 for fiscal 2024.
Which companies are in City Holding's peer group?
The disclosed peer group names 1st Source Corporation, Carter Bankshares, Inc., Community Trust Bancorp Inc., Farmers National Banc Corp. and Financial Institutions, Inc., among others.
What is City Holding's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 42:1, against median employee compensation of $45,321.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Charles Hageboeck
President, Chief Executive Officer and Director (Principal Executive Officer)
◇—◇—◇—◇◇
David Bumgarner
Chief Financial Officer (Principal Financial Officer)
◇—◇—◇—◇◇
Michael Quinlan
Executive Vice President, Retail Banking
◇—◇—◇—◇◇
John DeRito
Executive Vice President, Commercial Banking
◇—◇—◇—◇◇
Jeffrey Legge
Executive Vice President, Operations/CIO
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Charles Hageboeck
President, Chief Executive Officer and Director
◇—◇—◇—◇◇
Michael Quinlan
Executive Vice President, Retail Banking
◇—◇—◇—◇◇
David Bumgarner
Chief Financial Officer
◇—◇—◇—◇◇
John DeRito
Executive Vice President, Commercial Banking
◇—◇—◇—◇◇
Jeffrey Legge
Executive Vice President, Operations/CIO
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Charles Hageboeck
President and Chief Executive Officer
◇—◇—◇—◇◇
Michael Quinlan
Executive Vice President, Retail Banking
◇—◇—◇—◇◇
David Bumgarner
Chief Financial Officer
◇—◇—◇—◇◇
John DeRito
Executive Vice President, Commercial Banking
◇—◇—◇—◇◇
Jeffrey Legge
Executive Vice President, Operations/CIO
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Charles Hageboeck
President, Chief Executive Officer and Director
◇—◇—◇—◇◇
Michael Quinlan
Executive Vice President, Retail Banking
◇—◇—◇—◇◇
David Bumgarner
Chief Financial Officer
◇—◇—◇—◇◇
John DeRito
Executive Vice President, Commercial Banking
◇—◇—◇—◇◇
Jeffrey Legge
Executive Vice President, Operations/CIO
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Charles R. HageboeckRSU◇——◇——◇
David L. BumgarnerRSU◇——◇——◇
Jeffrey D. LeggeRSU◇——◇——◇
John A. DeRitoRSU◇——◇——◇
Michael QuinlanRSU◇——◇——◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Michael QuinlanRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Charles HageboeckRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Jeffrey LeggeRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
John DeRitoRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
David BumgarnerRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Charles Hageboeck
President, Chief Executive Officer and Director · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Benefits continuation◇
Jeffrey Legge
Executive Vice President, Operations/CIO · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Non-compete period◇
Non-solicit period◇
Michael Quinlan
Executive Vice President, Retail Banking · Terms as described in the company’s compensation discussion · citing a 2026 filing
Benefits continuation on change in control◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
C. Dallas Kayser
Board chair
◇◇————◇
James L. Rossi
◇◇————◇
Robert D. Fisher
◇◇————◇
J. Thomas Jones
◇◇————◇
Sharon H. Rowe
◇◇————◇
Diane W. Strong-Treister
◇◇————◇
Gregory A. Burton
◇◇————◇
Javier A. Reyes
◇◇————◇
James M. Parsons
◇◇————◇
James A. Hoyer
◇◇————◇
Charles R. Hageboeck and B. Scott Raynes served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Board meeting fee◇
Committee meeting fee◇
Equity is delivered as Stock.
Stock ownership guideline: The revised guidelines require that each director must own and maintain a minimum of 2,500 shares of Company common stock within six years of becoming a director.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • 1st Source Corporation SRCE
  • Carter Bankshares, Inc. CARE
  • Community Trust Bancorp Inc. CTBI
  • Farmers National Banc Corp. FMNB
  • Financial Institutions, Inc. FISI
  • First Community Bank Shares, Inc. FCBC
  • First Financial Corporation THFF
  • First Mid-Illinois Bancshares, Inc. FMBH
  • German American Bancorp, Inc. GABC
  • Home Trust Bancshares Inc. HTB
  • Horizon Bancorp Inc. HBNC
  • Lakeland Financial Corporation LKFN
  • Midland States Bancorp Inc. MSBI
  • Peoples Bancorp, Inc. PEBO
  • Republic Bancorp, Inc. RBCAA
  • S&T Bancorp, Inc. STBA
  • Shore Bancshares, Inc. SHBI
  • Stock Yards Bancorp, Inc. SYBT
  • Tompkins Financial Corp. TMP
  • Univest Corp. of Pennsylvania UVSP

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2024April 30, 2025=◇◇◇
2023April 24, 2024=◇◇◇
2022April 26, 2023=◇◇◇
2021April 12, 2022=◇◇◇
2020April 28, 2021=◇◇◇
2019April 15, 2020=◇◇◇
2018April 17, 2019=◇◇◇
2017May 2, 2018=◇◇◇
2016April 19, 2017=◇◇◇
2015April 27, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Charles Hageboeck (President, Chief Executive Officer and Director), FY2025 total compensation $1,922,194 (base salary $699,000) [exec_comp, SEC accession 0000726854-26-000092, filed 2026-03-27]

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What this page does not include

Everything above is a fact City Holding disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where City Holding sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
279 figures on this page: 269 cited to the filing that reported them, 10 calculated from figures it prints.
269 cited to the filing
10 calculated from the filing

Documents cited

  1. 0000726854-26-000092
    2025 Director Compensation · CEO Pay Ratio · Compensation Discussion and Analysis · Grants of Plan-Based Awards · and 1 more section
  2. 0000726854-25-000122
    Proposal 3—Non-Binding Advisory Vote to Approve Executive Compensation .
  3. 0000726854-25-000112
    2024 SUMMARY COMPENSATION TABLE
  4. 0000726854-24-000127
    Proposal 3—Non-Binding Advisory Vote to Approve Executive Compensation .
  5. 0000726854-24-000092
    Summary Compensation Table
  6. 0000726854-23-000104
  7. 0000726854-23-000091
    Summary Compensation Table
  8. 0000726854-22-000069
  9. 0000726854-21-000089
  10. 0000726854-20-000068
  11. 0000726854-19-000062
  12. 0000726854-18-000021
  13. 0000726854-17-000022
  14. 0000726854-16-000076
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “City Holding executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/CHCO (accessed 2026).
Short form: data: Velarion

The paid brief for City Holding

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
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14 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers City Holding discloses

The companies named in CHCO's own disclosed peer group.

1st Source CorporationCarter Bankshares, Inc.Community Trust Bancorp Inc.Farmers National Banc Corp.Financial Institutions, Inc.First Community Bank Shares, Inc.First Financial CorporationFirst Mid-Illinois Bancshares, Inc.German American Bancorp, Inc.Home Trust Bancshares Inc.Horizon Bancorp Inc.Lakeland Financial CorporationMidland States Bancorp Inc.Peoples Bancorp, Inc.Republic Bancorp, Inc.S&T Bancorp, Inc.Shore Bancshares, Inc.Stock Yards Bancorp, Inc.Tompkins Financial Corp.Univest Corp. of Pennsylvania

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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