Form 4: Community Health Systems Director Susan W. Brooks Reports Transaction in Company Stock
SEC Form 4 Filing
Director Susan W. Brooks reports the vesting of restricted stock units and subsequent conversion to common stock in Community Health Systems Inc.
Summary
- On March 1, 2024, Susan W. Brooks, a director of Community Health Systems Inc. (CYH), reported a transaction involving the vesting of 9,756 restricted stock units, which converted into 9,756 shares of common stock.
- Following this transaction, Brooks directly owns 15,650 shares of common stock.
- Additionally, Brooks acquired 62,718 restricted stock units at a price of $2.87.
- Brooks also holds 11,788 restricted stock units.
- The restricted stock units vest in 1/3 increments on the first, second, and third anniversary of the grant date, at which point they convert to common stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, indicating standard insider transactions. It doesn't convey any particularly positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for corporate governance and regulatory compliance.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 2023/09/12 | Date of execution of Power of Attorney. |
| 2024/03/01 | Date of transaction: vesting of restricted stock units and acquisition of additional restricted stock units. |
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