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COMMUNITY HEALTH SYSTEMS INC·4

Mar 3, 4:44 PM ET

Williams Hubert James 4

Research Summary

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Community Health Systems (CYH) Director Hubert Williams Exercises Derivatives, Receives Award

What Happened

  • Hubert James Williams, a director of Community Health Systems, reported derivative exercises/conversions and a grant on March 1, 2026. He exercised/converted three derivative lots totaling 50,595 shares (9,756; 20,906; 19,933), each reported at $0.00, and those same amounts were also reported as disposed (derivative). In addition, he was granted 52,023 restricted stock units (RSUs) reported at $0.00.
  • Footnote F1 indicates the derivatives convert to common stock on a one-for-one basis. The grant is in the form of RSUs (see F2/F3 for vesting/settlement terms). No cash changed hands on the reported entries (all prices listed as $0.00).

Key Details

  • Transaction date(s): March 1, 2026; Filing date: March 3, 2026 (Form 4 accession 0001193125-26-088486).
  • Prices: all reported at $0.00 (derivative exercises/conversions and RSU grant).
  • Shares involved: 50,595 shares exercised/converted (and simultaneously reported disposed as derivative) + 52,023 RSUs granted.
  • Shares owned after transaction: not specified in the provided filing summary.
  • Footnotes of note:
    • F1: conversion is one-to-one into common stock.
    • F2: RSUs vest in 1/3 increments on the first, second and third anniversaries of the grant and settle one-for-one into common stock.
    • F3: some RSUs vested in thirds previously and, per the reporting person’s deferral elections, will settle in shares upon cessation as a director or on previously specified dates.
  • Timeliness: filing appears to have been submitted within the standard short reporting window (transaction Mar 1, filed Mar 3, 2026).

Context

  • The filing shows derivative conversions and an RSU grant rather than an open-market purchase or sale. Reporting both an “acquired” and a “disposed” entry for the same derivative amounts (at $0) commonly reflects a conversion/settlement process rather than a cash purchase; F1 clarifies the 1:1 conversion to common stock.
  • RSU grants are compensation/retention awards; vesting and settlement rules (F2/F3) determine when they convert to shares. These events are generally routine for insiders and do not, by themselves, signal a buy or sell opinion.