4//SEC Filing
SMITH WAYNE T 4
Accession 0000950170-25-031109
CIK 0001108109other
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 6:02 PM ET
Size
19.5 KB
Accession
0000950170-25-031109
Insider Transaction Report
Form 4
SMITH WAYNE T
DirectorChairman, President & CEO
Transactions
- Disposition to Issuer
Performance Based Restricted
2025-03-01−149,760→ 0 totalExercise: $0.00→ Common Stock (149,760 underlying) - Award
Restricted Stock Units
2025-03-01+59,801→ 287,210 totalExercise: $0.00→ Common Stock (59,801 underlying) - Exercise/Conversion
Common Stock
2025-03-01+30,240→ 5,236,979 total - Exercise/Conversion
Performance Based Restricted
2025-03-01−30,240→ 149,760 totalExercise: $0.00→ Common Stock (30,240 underlying)
Holdings
- 481,721(indirect: By LLC)
Common Stock
- 1,606,842(indirect: By Trust)
Common Stock
- 112,500
Stock Options (Right to Buy)
Exercise: $4.93From: 2021-03-01Exp: 2030-02-28→ Common Stock (112,500 underlying) - 35,609.301
Stock Units (SU)
Exercise: $0.00→ Common Stock (35,609.301 underlying) - 78,750
Stock Options (Right to Buy)
Exercise: $4.99From: 2020-03-01Exp: 2029-02-28→ Common Stock (78,750 underlying) - 90,000
Stock Options (Right to Buy)
Exercise: $8.81From: 2022-03-01Exp: 2031-02-28→ Common Stock (90,000 underlying) - 90,000
Stock Options (Right to Buy)
Exercise: $10.18From: 2023-03-01Exp: 2032-02-29→ Common Stock (90,000 underlying)
Footnotes (3)
- [F1]The vesting of these 180,000 performance-based restricted shares was based on the attainment of certain performance objectives between 1/1/2022 and 12/31/2024 (the "2022-2024 Performance Period"). Based on the actual level of achievement of such performance objectives for the 2022-2024 Performance Period, the award vested on March 1, 2025 at 16.8% of the target number of the performance-based restricted shares originally reported by the Reporting Person on 3/2/2022 (30,240), and the remaining 83.2% of the target number has been forfeited (149,760).
- [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, the Reporting Person will be issued that number of shares of common stock of the Company upon the Reporting Person's cessation as a director or upon a date specified by the Reporting Person.
- [F3]The Stock Units were accrued under the Company's Directors' Fees Deferral Plan in lieu of a portion of the Reporting Person's Director Fees and are settled 100% in the Company's common stock on the last business day of the calendar quarter following cessation as a director or upon a date specified by the Reporting Person.
Documents
Issuer
COMMUNITY HEALTH SYSTEMS INC
CIK 0001108109
Entity typeother
Related Parties
1- filerCIK 0001018660
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 6:02 PM ET
- Size
- 19.5 KB