Community Health Systems (CYH) director reports new RSU grant and conversions
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Community Health Systems director Hubert James Williams reported multiple equity transactions in connection with his board service. On March 1, he received a grant of 52,023 restricted stock units (RSUs) at no cost. On the same date, several previously awarded RSUs were exercised and converted into common stock in amounts of 9,756, 20,906, and 19,933 shares on a one‑for‑one basis, consistent with the plan terms. Footnotes explain that some RSUs vest in thirds over three years and are settled in common stock either upon vesting or upon his cessation as a director or on dates he previously selected.
Positive
- None.
Negative
- None.
Insider Trade Summary
50,595 shares exercised/converted
Mixed
8 txns
Insider
Williams Hubert James
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 9,756 | $0.00 | -- |
| Exercise | Restricted Stock Units | 20,906 | $0.00 | -- |
| Exercise | Restricted Stock Units | 19,933 | $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 | -- |
| Exercise | Common Stock | 19,933 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 171,024 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 vested 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 Hubert James Williams report?
Hubert James Williams reported equity awards and conversions, not open‑market trades. He received new restricted stock units and had previously granted RSUs convert into Community Health Systems common stock on a one‑for‑one basis under the company’s director compensation arrangements.
How many new restricted stock units did CYH grant to Hubert James Williams?
Williams received a grant of 52,023 restricted stock units. These RSUs were awarded at no cash cost to him and represent part of his director compensation, to be settled in Community Health Systems common stock according to the vesting and settlement terms in the award agreement.
Did Hubert James Williams buy or sell Community Health Systems common stock on the market?
The filing does not show open‑market buys or sells. Instead, it reports derivative exercises where restricted stock units converted into common shares, and a new RSU grant, all at a stated price of $0.00 per share under existing compensation arrangements.
What are the vesting terms for Hubert James Williams’ new CYH restricted stock units?
The filing states that certain restricted stock units vest in one‑third increments on the first, second, and third anniversaries of the grant date. Once vested, they are settled in Community Health Systems common stock on a one‑for‑one basis under the plan’s terms.
When will some of Hubert James Williams’ CYH RSUs be settled into common stock?
Some restricted stock units will be settled upon his cessation as a director or on specific dates he previously elected. Under the award agreement, these RSUs convert into Community Health Systems common stock on a one‑for‑one basis when those settlement conditions are met.