Community Health (NYSE: CYH) director converts 46,950 RSUs, holds 156,093 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Community Health Systems director K. R. Ranga reported compensation-related equity activity, primarily the settlement of deferred awards into common stock. On April 22, 2026, restricted stock units previously granted and deferred by the director converted into 46,950 shares of common stock through a derivative exercise.
Following this exercise, the director directly owned 156,093 shares of common stock, indicating the shares were retained rather than sold in the market. The director also continued to hold deferred equity, including restricted stock units totaling 228,321 units and stock units under a directors’ fee deferral plan representing 69,653.39 underlying common shares, which will settle later under pre-existing deferral elections.
Positive
- None.
Negative
- None.
Insider Trade Summary
46,950 shares exercised/converted
Mixed
3 txns
Insider
Krishnan K Ranga
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 46,950 | $0.00 | -- |
| Exercise | Common Stock | 46,950 | $0.00 | -- |
| holding | Stock Units (SU) | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 228,321 shares (Direct, null);
Common Stock — 156,093 shares (Direct, null);
Stock Units (SU) — 69,653.39 shares (Direct, null)
Footnotes (1)
- Based on the Reporting Person's prior deferral elections pursuant to the terms of the award agreement, these restricted stock units originally granted on 3/1/2022 and 3/1/2023 settled in shares of the Issuer's common stock on a one-for-one basis on 4/22/2026, the date previously specified by the Reporting Person. 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, these restricted stock units will be settled in shares of the Issuer's common stock on a one-for-one basis upon the Reporting Person's cessation as a director or upon a date or dates previously specified by the Reporting Person. These stock units were accrued under the Issuer's Directors' Fees Deferral Plan in lieu of a portion of the Reporting Person's director cash compensation and are settled in shares of the Issuer's common stock on a one-for-one basis on the last business day of the calendar quarter following Reporting Person's cessation as a director or upon a date or dates previously specified by the Reporting Person.
Key Figures
RSUs converted: 46,950 shares
Common stock held: 156,093 shares
Restricted Stock Units outstanding: 228,321 units
+2 more
5 metrics
RSUs converted
46,950 shares
Restricted stock units settled into common stock on April 22, 2026
Common stock held
156,093 shares
Direct common stock ownership after transactions
Restricted Stock Units outstanding
228,321 units
Unsettled RSUs remaining after reported exercise
Stock units underlying shares
69,653.39 shares
Stock units under Directors’ Fees Deferral Plan
Exercise price
$0.00 per unit
Conversion or exercise price for reported stock units/RSUs
Key Terms
Restricted Stock Units, Directors' Fees Deferral Plan, deferral elections, stock units, +1 more
5 terms
Restricted Stock Units financial
"These restricted stock units vest in 1/3 increments on the first, second and third anniversary"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Directors' Fees Deferral Plan financial
"These stock units were accrued under the Issuer's Directors' Fees Deferral Plan in lieu of a portion"
deferral elections financial
"Based on the Reporting Person's prior deferral elections pursuant to the terms of the award agreement"
stock units financial
"These stock units were accrued under the Issuer's Directors' Fees Deferral Plan in lieu of a portion"
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
FAQ
What insider transaction did CYH director K. R. Ranga report?
Director K. R. Ranga reported a compensation-related equity transaction in which previously deferred restricted stock units converted into 46,950 shares of Community Health Systems common stock. This reflects a derivative exercise rather than an open-market purchase or sale, with the shares retained afterward.
What happened to the 46,950 restricted stock units in the CYH filing?
The 46,950 restricted stock units converted into an equal number of Community Health Systems common shares on April 22, 2026. These units were subject to prior deferral elections, causing settlement to occur on the specified date rather than at original vesting.
Does the CYH director still hold unsettled restricted stock units?
Yes. The director continued to hold 228,321 restricted stock units after the transaction. According to the terms described, these units vest over three years and will settle into common stock upon cessation as a director or on previously specified future dates.
What are the stock units accrued under CYH’s Directors’ Fees Deferral Plan?
The stock units were accrued in lieu of a portion of the director’s cash fees under the Directors’ Fees Deferral Plan, representing 69,653.39 underlying common shares. They will be settled in Community Health Systems stock after board service ends or on dates elected in advance.
Were there any open-market buys or sells in this CYH Form 4?
No open-market buys or sells were reported. The filing shows a derivative exercise where deferred restricted stock units converted into 46,950 common shares, along with updated holdings of other deferred stock and stock units, all linked to compensation and deferral arrangements.