Posey Phillip A. 4

What Happened

• Phillip A. Posey, Senior Vice President & Chief Accounting Officer of Community Health Systems (CYH), was granted three awards of 25,000 shares each on 2026-03-01 (total 75,000 restricted shares) and had 1,188 shares disposed/withheld to cover tax liability at $3.46 per share (total ~$4,110). The grants are reported at $0 acquisition price (compensation awards). The 1,188-share disposition is a tax withholding (routine), not an open‑market sale.

Key Details

• Transaction date(s): 2026-03-01 (reported on Form 4 filed 2026-03-03).
• Grants: three awards of 25,000 shares @ $0.00 (total 75,000 restricted shares). Two of the grants are indicated as derivative (performance-based).
• Tax withholding/disposition: 1,188 shares @ $3.46 = $4,110 (code F — payment of tax liability).
• Shares owned after transaction: not specified in the filing.
• Filing timeliness: Form 4 was filed on 2026-03-03 for transactions dated 2026-03-01; the filing is not flagged as late.
• Footnotes of note:
  • F1/F3: Time‑vesting portions vest 1/3 on each of the first, second and third anniversaries of grant.
  • F2: Performance‑based restricted shares vest based on results over the 2026–2028 performance period: 50% tied to cumulative same‑store adjusted EBITDA growth and 50% to cumulative same‑store net revenue growth. Vesting for each metric ranges from 0%–200% of target (the target number is reported).

Context

• These transactions are grants of restricted stock (compensation/retention), not open‑market purchases or option exercises. The 1,188‑share disposition is a common tax withholding to satisfy tax obligations on the awards and is routine; it does not necessarily indicate insider bullish/bearish sentiment. Performance awards will only vest (and possibly adjust above/below target) based on the company’s results through 2028.