Community Health Systems, Brentwood, Tenn., said Wayne Smith, its chairman and chief executive officer, was granted $3.2 million in restricted stock and exercised 1 million stock options for net proceeds of $10.7 million. Smith also earned salary, bonus and other compensation of $3.1 million in 2005 -- for a total payout of $17 million -- and he was granted 100,000 stock options, according to Community's proxy statement with the Securities and Exchange Commission. Smith earned $2.1 million from all sources of compensation in 2004 and didn't receive any stock-based compensation that year or exercise options. Community, which owns or operates 73 hospitals, reported net income of $167.5 million on revenue of $3.73 billion in 2005. -- by Vince Galloro
Stock options bring Community's CEO $10.7 million
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