Saumya Sutaria - 23 Feb 2024 Form 4 Insider Report for TENET HEALTHCARE CORP (THC)

Role
Chairman & CEO, Director
Signature
Chad J. Wiener, as Attorney-in-fact for Sutaria Saumya
Issuer symbol
THC
Transactions as of
23 Feb 2024
Net transactions value
-$7,508,912
Form type
4
Filing time
27 Feb 2024, 20:00:12 UTC
Previous filing
20 Feb 2024
Next filing
01 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction THC Common Stock Options Exercise +21,065 +4.1% 534,263 23 Feb 2024 Direct F2
transaction THC Common Stock Tax liability $990,733 -10,676 -2% $92.80 523,587 23 Feb 2024 Direct F3, F4
transaction THC Common Stock Options Exercise +25,229 +4.8% 548,816 24 Feb 2024 Direct F2
transaction THC Common Stock Tax liability $1,186,634 -12,787 -2.3% $92.80 536,029 24 Feb 2024 Direct F3, F4
transaction THC Common Stock Tax liability $5,331,546 -57,452 -11% $92.80 478,577 24 Feb 2024 Direct F4, F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction THC 2022 Restricted Stock Units Options Exercise $0 +21,065 +2106500% $0.000000 21,066 23 Feb 2024 Common Stock 21,065 Direct F1, F6
transaction THC 2021 Restricted Stock Units Options Exercise $0 +25,229 $0.000000* 0 24 Feb 2024 Common Stock 25,229 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on February 23, 2022, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the second 1/3 increment vested on February 23, 2024.
F2 Restricted stock units convert into common stock on a one-for-one basis.
F3 Shares withheld for payment of taxes upon vesting of restricted stock units in accordance with Rule 16b-3.
F4 Represents the closing price of the common stock of the Issuer on February 23, 2024.
F5 The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on February 24, 2021, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the third 1/3 increment vested on February 24, 2024.
F6 Time-based restricted stock units are settled in shares of the Company's common stock upon vesting.
F7 Reflects shares delivered by reporting person to satisfy withholding taxes due upon vesting of performance share units.