CYH director reports RSU grant and stock gift
Community Health Systems Inc. director Wayne T. Smith reported routine equity activity.
Rhea-AI Filing Summary
Community Health Systems Inc. director Wayne T. Smith reported routine equity activity. He received a grant of 52,023 restricted stock units, which will vest in three equal annual installments and be settled in common shares at specified future dates. He also made a bona fide gift of 19,400 common shares to individuals outside his household, leaving him with 5,217,579 common shares held directly after the gift.
Positive
- None.
Negative
- None.
Insider Trade Summary
19,400 shares gifted
Gift
9 txns
Insider
SMITH WAYNE T
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 19,400 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 52,023 | $0.00 | $0.00 |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Stock Units (SU) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 339,233 contracts (Direct);
Common Stock — 5,217,579 shares (Direct);
Stock Options (Right to Buy) — 371,250 contracts (Direct);
Stock Units (SU) — 35,609.301 contracts (Direct);
Common Stock — 1,606,842 shares (Indirect, by The Modified 2009 WTS Irrev Trust Dated 12/16/22);
Common Stock — 481,721 shares (Indirect, WAC LLC)
Footnotes (3)
- F1. These shares were gifted to individuals who do not share the Reporting Person's household.
- F2. 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.
- F3. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did CYH director Wayne T. Smith report on this Form 4?
Wayne T. Smith reported two main items: a grant of 52,023 restricted stock units and a bona fide gift of 19,400 common shares. The grant increases his future share-based compensation, while the gift transfers existing ownership to individuals outside his household.
How many restricted stock units did CYH grant to director Wayne T. Smith?
Community Health Systems granted Wayne T. Smith 52,023 restricted stock units. These units vest in one-third increments on each of the first three anniversaries of the grant date and will be settled in an equal number of common shares at pre-selected future dates or upon his board service ending.
How and when will Wayne T. Smith’s CYH restricted stock units be settled?
The 52,023 restricted stock units vest in three annual installments and are settled one-for-one in Community Health Systems common shares. Settlement occurs after his cessation as a director or on specific dates he previously elected under the award agreement’s deferral provisions.
What other CYH equity-based holdings are reported for Wayne T. Smith on this Form 4?
In addition to common stock and restricted stock units, the filing lists stock options and stock units from a directors’ fees deferral plan. These stock units are settled one-for-one in Community Health Systems common shares after Smith’s board service ends or on pre-elected future dates.
AI-generated analysis. How Rhea-AI works. Not financial advice.
