Ronald A. Rittenmeyer - Jun 30, 2021 Form 4 Insider Report for TENET HEALTHCARE CORP (THC)

Role
Executive Chairman and CEO, Director
Signature
Mark R. Jackson, as Attorney-in-Fact for Ronald A. Rittenmeyer
Stock symbol
THC
Transactions as of
Jun 30, 2021
Transactions value $
-$3,143,908
Form type
4
Date filed
7/2/2021, 04:44 PM
Next filing
Oct 4, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction THC Common Stock Options Exercise +62.9K +9.2% 747K Jun 30, 2021 Direct F1, F2
transaction THC Common Stock Tax liability -$1.66M -24.8K -3.31% $66.99 722K Jun 30, 2021 Direct F3
transaction THC Common Stock Options Exercise +32.7K +4.53% 755K Jun 30, 2021 Direct F2, F4
transaction THC Common Stock Tax liability -$862K -12.9K -1.71% $66.99 742K Jun 30, 2021 Direct F3
transaction THC Common Stock Options Exercise +23.7K +3.19% 766K Jun 30, 2021 Direct F2, F5
transaction THC Common Stock Tax liability -$624K -9.31K -1.22% $66.99 756K Jun 30, 2021 Direct F3
holding THC Common Stock 15K Jun 30, 2021 By spouse

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 2019 February Restricted Stock Units Options Exercise $0 -62.9K -100% $0.00* 0 Jun 30, 2021 Common Stock 62.9K Direct F1, F6
transaction THC 2020 February Restricted Stock Units Options Exercise $0 -32.7K -14.29% $0.00 196K Jun 30, 2021 Common Stock 32.7K Direct F4, F6
transaction THC 2021 February Restricted Stock Units Options Exercise $0 -23.7K -14.29% $0.00 142K Jun 30, 2021 Common Stock 23.7K Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As previously reported, on February 27, 2019, the reporting person received a grant of 566,172 time-based restricted stock units that vest and settle in nine equal quarterly installments. The ninth vesting date occurred on June 30, 2021, resulting in the vesting and settlement of 62,908 shares of common stock, as shown in Table I.
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 As previously reported, on February 26, 2020, the reporting person received a grant of 359,713 time-based restricted stock units that vest and settle in eleven equal quarterly installments. The fifth vesting date occurred on June 30, 2021, resulting in the vesting and settlement of 32,701 shares of common stock, as shown in Table I. The remaining 196,208 restricted stock units are shown in Table II.
F5 As previously reported, on February 24, 2021, the reporting person received a grant of 189,215 time-based restricted stock units that vest and settle in eight equal quarterly installments. The second vesting date occurred on June 30, 2021, resulting in the vesting and settlement of 23,652 shares of common stock, as shown in Table I. The remaining 141,912 restricted stock units are shown in Table II.
F6 Restricted stock units are settled in shares of the Company's common stock upon vesting.