SMITH WAYNE T 4

What Happened

• Wayne T. Smith, a director of Community Health Systems, reported two transactions: an award of 52,023 restricted stock units (derivative acquisition) on 2026-03-01 and a gift of 19,400 shares on 2026-03-02. Both transactions show $0.00 per share (awards/gifts, not open-market trades).
• The award is a grant of RSUs (derivative) rather than a cash purchase; the gift is a voluntary transfer of shares to third parties.

Key Details

• Transaction dates and types: 2026-03-01 — Grant/award (A): 52,023 RSUs @ $0.00; 2026-03-02 — Gift (G): 19,400 shares disposed @ $0.00.
• Filing date: Form 4 filed 2026-03-03 (timely relative to the reported transactions).
• Shares owned after the transactions: Not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: The 19,400 gifted shares went to individuals who do not share the reporting person’s household.
  • F2: The 52,023 RSUs vest in one-third increments on the first, second and third anniversaries of the grant and will be settled one-for-one in common stock upon the director’s cessation or at dates previously specified by the director.
  • F3: Some units were accrued under the Directors' Fees Deferral Plan and are settled one-for-one in common stock on the last business day of the calendar quarter after the director’s cessation (or on dates previously specified).
• No cash value or open-market sale/purchase reported — these are compensation/deferral awards and a gift.

Context

• Awards of RSUs are compensation and are not the same as a market buy; they typically convert to shares over time or upon a triggering event (vesting or cessation).
• Gifts are disposals but do not necessarily signal a view on the company’s shares since no sale occurred.
• This filing involves director compensation and personal gifting, not an executive cash purchase or sale.