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

Role
Executive Chairman, Director
Signature
Thomas W. Arnst, as Attorney-in-Fact for Ronald A. Rittenmeyer
Issuer symbol
THC
Transactions as of
30 Sep 2021
Net transactions value
-$1,473,373
Form type
4
Filing time
04 Oct 2021, 17:20:58 UTC
Previous filing
02 Jul 2021
Next filing
17 Nov 2021
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 +32,701 +4.3% 788,895 30 Sep 2021 Direct F1, F2
transaction THC Common Stock Tax liability $854,950 -12,868 -1.6% $66.44 776,027 30 Sep 2021 Direct F3
transaction THC Common Stock Options Exercise +23,652 +3% 799,679 30 Sep 2021 Direct F2, F4
transaction THC Common Stock Tax liability $618,424 -9,308 -1.2% $66.44 790,371 30 Sep 2021 Direct F3
holding THC Common Stock 15,000 30 Sep 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 2020 February Restricted Stock Units Options Exercise $0 -32,701 -17% $0.000000 163,507 30 Sep 2021 Common Stock 32,701 Direct F1, F5
transaction THC 2021 February Restricted Stock Units Options Exercise $0 -23,652 -17% $0.000000 118,260 30 Sep 2021 Common Stock 23,652 Direct F4, F5
* 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 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 sixth vesting date occurred on September 30, 2021, resulting in the vesting and settlement of 32,701 shares of common stock, as shown in Table I. The remaining 163,507 restricted stock units are shown in Table II.
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 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 third vesting date occurred on September 30, 2021, resulting in the vesting and settlement of 23,652 shares of common stock, as shown in Table I. The remaining 118,260 restricted stock units are shown in Table II.
F5 Restricted stock units are settled in shares of the Company's common stock upon vesting.