CYH director exercises units for 13,930 shares
COMMUNITY HEALTH SYSTEMS INC director K Ranga Krishnan increased his equity stake through compensation-related share conversions.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
COMMUNITY HEALTH SYSTEMS INC director K Ranga Krishnan increased his equity stake through compensation-related share conversions. On June 30, he exercised stock units to acquire 13,930 shares of common stock, a non-cash derivative exercise reported at a $0.00 exercise price.
Following the transactions, he directly holds 170,023 shares of common stock. He also retains 55,722.712 Stock Units (SU) and restricted stock units tied to 228,321 underlying common shares, which will be settled in stock under the company’s Directors' Fees Deferral Plan or upon his cessation as a director, consistent with prior deferral elections.
Insider Trade Summary
13,930.678 shares exercised/converted
Exercise
3 txns
Insider
Krishnan K Ranga
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Units (SU) | 13,930.678 | $0.00 | $0.00 |
| Exercise | Common Stock | 13,930 | $0.00 | $0.00 |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Stock Units (SU) — 55,722.712 contracts (Direct);
Common Stock — 170,023 shares (Direct);
Restricted Stock Units — 228,321 contracts (Direct)
Footnotes (3)
- F1. These stock units were accrued under the Issuer's Directors' Fees Deferral Plan in lieu of a portion of the Reporting Person's director cash compensation and are settled in shares of the Issuer's common stock on a one-for-one basis on the last business day of the calendar quarter following Reporting Person's cessation as a director or upon a date or dates previously specified by the Reporting Person.
- F2. Pursuant to the Company's Directors' Fees Deferral Plan, a cash payment was made to the Reporting Person in lieu of the fractional stock units (0.678), which are cancelled and do not convert into fractional shares of the Issuer's common stock.
- F3. 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.
Key Figures
Shares acquired via exercise: 13,930 shares
Exercise price: $0.00 per share
Direct common shares after transaction: 170,023 shares
+3 more
6 metrics
Shares acquired via exercise
13,930 shares
Common stock from Stock Units (SU) on June 30
Exercise price
$0.00 per share
Derivative exercise/conversion of stock units
Direct common shares after transaction
170,023 shares
Total CYH common stock directly held post‑transaction
Remaining Stock Units
55,722.712 units
Stock Units (SU) balance after exercise
Underlying shares for RSUs
228,321 shares
Common stock underlying restricted stock units
Fractional units paid in cash
0.678 units
Fractional Stock Units cancelled for cash payment
Key Terms
Restricted Stock Units, Stock Units (SU), Directors' Fees Deferral Plan, derivative exercise/conversion, +1 more
5 terms
Restricted Stock Units financial
"These restricted stock units vest in 1/3 increments on the first, second and third anniversary of the date of grant."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Stock Units (SU) financial
"These stock units were accrued under the Issuer's Directors' Fees Deferral Plan in lieu of a portion of the Reporting Person's director cash compensation."
Directors' Fees Deferral Plan financial
"These stock units were accrued under the Issuer's Directors' Fees Deferral Plan in lieu of a portion of the Reporting Person's director cash compensation."
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion for Stock Units (SU) converting into common stock."
fractional stock units financial
"a cash payment was made to the Reporting Person in lieu of the fractional stock units (0.678), which are cancelled"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CYH director K Ranga Krishnan report?
CYH director K Ranga Krishnan reported exercising stock units to acquire 13,930 shares of common stock. The exercise was a non-cash derivative conversion at a $0.00 exercise price, reflecting compensation-related equity rather than an open‑market share purchase or sale.
What are CYH Stock Units (SU) and how are they treated for this director?
The Stock Units (SU) are deferred equity units accrued under CYH’s Directors’ Fees Deferral Plan. They are settled in CYH common stock on a one‑for‑one basis after the director’s service ends or on dates he previously specified in his deferral elections.
How many CYH Stock Units and restricted stock units remain outstanding for the director?
The director retains 55,722.712 Stock Units and restricted stock units tied to 228,321 underlying CYH common shares. These awards vest or settle over time under plan terms and prior deferral elections, providing additional future equity exposure beyond current common share holdings.
Was any cash involved in the CYH director’s reported stock unit transactions?
The derivative exercise itself used a $0.00 exercise price, so no cash was paid for the 13,930 shares. A small cash payment was made only in lieu of 0.678 fractional stock units, which were cancelled and did not convert into fractional CYH common shares.
How do CYH restricted stock units vest for this director?
The restricted stock units vest in one‑third increments on the first, second and third anniversaries of the grant date. Based on his prior deferral elections, vested units will be settled in CYH common shares upon his director cessation or on specified future dates.
AI-generated analysis. How Rhea-AI works. Not financial advice.
