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COMMUNITY HEALTH SYSTEMS INC·4

Mar 3, 4:47 PM ET

STOCKTON KEVIN A 4

Research Summary

AI-generated summary

Updated

CYH EVP Kevin Stockton Receives Awards; 35,573 Shares Surrendered for Taxes

What Happened

  • Kevin A. Stockton, EVP, Operations & Development at Community Health Systems (CYH), received multiple equity awards and conversions on 2026-03-01. The filing reports acquisitions from exercise/conversion and grants: 50,000 shares (exercise/conversion), a 30,000-share grant, and additional award entries of 60,000 and 30,000 shares (derivative/award items). In connection with the vesting/conversion, 35,573 shares were surrendered/withheld to cover tax liabilities at $3.46/share, generating $123,083.
  • These transactions reflect vested/performance-based awards and grant activity rather than an open-market buy or sell. The 35,573-share disposition was for tax withholding (code F), not a market sale for investment purposes.

Key Details

  • Transaction date: 2026-03-01; Form 4 filed 2026-03-03 (timely).
  • Reported acquisitions: 50,000 (exercise/conversion, M) + 30,000 (grant, A) + 60,000 (grant, derivative A) + 30,000 (grant, derivative A) = 170,000 shares acquired (as reported line items).
  • Reported disposition: 35,573 shares withheld/disposed (code F) at $3.46 each = $123,083 (tax withholding).
  • Shares owned after transaction: not provided in the excerpt of the filing.
  • Transaction codes: M = exercise/conversion of derivative; A = award/grant; F = payment/tax withholding.
  • Filing timeliness: filed within two business days of the transactions (no late filing flag reported).

Context

  • Footnotes show a mix of vested performance-based restricted stock and time-vesting awards:
    • F1 notes that certain performance-based restricted shares tied to the 2023–2025 performance period vested at 100% on 3/1/2026.
    • Other footnotes (F2–F6) describe standard time-vesting (1/3 annual vesting) and future performance-based awards (2024–2026, 2025–2027, 2026–2028 performance periods, with payout ranges 0%–200% depending on achievement).
  • The withheld/disposed shares were used to satisfy tax obligations tied to vesting/conversion (a common payroll/tax withholding mechanism), not an opportunistic open-market sale.