Saumya Sutaria - Feb 23, 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
Stock symbol
THC
Transactions as of
Feb 23, 2024
Transactions value $
-$7,508,912
Form type
4
Date filed
2/27/2024, 08:00 PM
Previous filing
Feb 20, 2024
Next filing
Mar 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction THC Common Stock Options Exercise +21.1K +4.1% 534K Feb 23, 2024 Direct F2
transaction THC Common Stock Tax liability -$991K -10.7K -2% $92.80 524K Feb 23, 2024 Direct F3, F4
transaction THC Common Stock Options Exercise +25.2K +4.82% 549K Feb 24, 2024 Direct F2
transaction THC Common Stock Tax liability -$1.19M -12.8K -2.33% $92.80 536K Feb 24, 2024 Direct F3, F4
transaction THC Common Stock Tax liability -$5.33M -57.5K -10.72% $92.80 479K Feb 24, 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 +21.1K +2106500% $0.00 21.1K Feb 23, 2024 Common Stock 21.1K Direct F1, F6
transaction THC 2021 Restricted Stock Units Options Exercise $0 +25.2K $0.00* 0 Feb 24, 2024 Common Stock 25.2K 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.