News Headlines Article

Hospital chain CEOs exercise stock options as shares rebound
Modern Healthcare

As acute-care hospital chains saw their stock prices climb last year, more CEOs exercised stock options—leading to a boost in overall compensation despite more modest pay packages.

At 132-hospital Community Health Systems, Franklin, Tenn., President and CEO Wayne Smith saw a 19.7% decrease in annual compensation (excluding the value of option awards), but nevertheless saw his total compensation rise after exercising stock options of $4.5 million.