Director Michael Dinkins adds CYH (NYSE: CYH) stock through RSU grants and conversions
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
COMMUNITY HEALTH SYSTEMS INC director Michael Dinkins reported equity awards and conversions involving restricted stock units and common shares. On 2026-03-01, he exercised or converted restricted stock units into 9,756 and 20,906 shares of common stock at a stated price of $0.0000 per share, increasing his direct common stock holdings to 225,882 shares.
He also acquired a new grant of 52,023 restricted stock units, bringing his directly held restricted stock units to 111,824. The units generally convert to common stock on a one-to-one basis and vest in one-third increments on the first, second, and third anniversaries of the grant date, with some units deferred until he ceases serving as a director or specified future dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
30,662 shares exercised/converted
Mixed
5 txns
Insider
DINKINS MICHAEL
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 9,756 | $0.00 | -- |
| Exercise | Restricted Stock Units | 20,906 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 52,023 | $0.00 | -- |
| Exercise | Common Stock | 9,756 | $0.00 | -- |
| Exercise | Common Stock | 20,906 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 204,976 shares (Direct)
Footnotes (1)
- The security converts to common stock on a one-to-one basis. These restricted stock units vest in 1/3 increments on the first, second and third anniversary of the date of the grant. Upon vesting, these restricted stock units will be settled in shares of the Issuer's common stock on a one-for-one basis. These restricted stock units vest in 1/3 increments on the first, second and third anniversary of the date of grant. Based on the Reporting Person's prior deferral elections pursuant to the terms of the award agreement, these restricted stock units will be settled in shares of the Issuer's common stock on a one-for-one basis upon the Reporting Person's cessation as a director or upon a date or dates previously specified by the Reporting Person.
FAQ
What insider transactions did CYH director Michael Dinkins report on this Form 4?
Michael Dinkins reported acquiring common stock through exercises of restricted stock units and receiving a new restricted stock unit grant. The filing details derivative conversions into 9,756 and 20,906 common shares and a grant of 52,023 restricted stock units, all held directly.
What restricted stock unit awards did Michael Dinkins receive from Community Health Systems (CYH)?
He received a grant of 52,023 restricted stock units, bringing his total directly held restricted stock units to 111,824. These units vest in one-third increments on the first, second, and third anniversaries of the grant date and convert into common shares one-for-one when settled.
How do Michael Dinkins’ CYH restricted stock units convert into common stock?
Each restricted stock unit converts into one share of Community Health Systems common stock. Footnotes state the security converts on a one-to-one basis, with settlement occurring upon vesting or, for certain units, upon his cessation as a director or pre-selected future dates.
What is the vesting schedule for Michael Dinkins’ Community Health Systems restricted stock units?
The restricted stock units vest in one-third increments on the first, second, and third anniversaries of the grant date. Once vested, they are scheduled to be settled in shares of CYH common stock, either at vesting or at deferred dates specified under his prior elections.
Were Michael Dinkins’ CYH restricted stock unit exercises open-market purchases or derivative conversions?
They were derivative exercises or conversions, not open-market purchases. The Form 4 uses transaction code “M” and describes these as exercises or conversions of derivative securities, with a stated transaction price of $0.0000 per share for the resulting common stock.