Ronald A. Rittenmeyer - Dec 31, 2021 Form 4 Insider Report for TENET HEALTHCARE CORP (THC)

Role
Executive Chairman, Director
Signature
Chad J. Wiener, as Attorney-in-Fact for Ronald A. Rittenmeyer
Stock symbol
THC
Transactions as of
Dec 31, 2021
Transactions value $
-$1,668,845
Form type
4
Date filed
1/4/2022, 05:17 PM
Previous filing
Dec 17, 2021
Next filing
Feb 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction THC Common Stock Options Exercise +32.7K +5.94% 583K Dec 31, 2021 Direct F1, F2
transaction THC Common Stock Tax liability -$1.05M -12.9K -2.21% $81.69 570K Dec 31, 2021 Direct F3
transaction THC Common Stock Options Exercise +23.7K +4.15% 594K Dec 31, 2021 Direct F2, F4
transaction THC Common Stock Tax liability -$618K -7.56K -1.27% $81.69 586K Dec 31, 2021 Direct F3
holding THC Common Stock 15K Dec 31, 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 -32.7K -20% $0.00 131K Dec 31, 2021 Common Stock 32.7K Direct F1, F5
transaction THC 2021 February Restricted Stock Units Options Exercise $0 -23.7K -20% $0.00 94.6K Dec 31, 2021 Common Stock 23.7K 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 seventh vesting date occurred on December 31, 2021, resulting in the vesting and settlement of 32,701 shares of common stock, as shown in Table I. The remaining 130,806 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 December 31, 2021, resulting in the vesting and settlement of 23,652 shares of common stock, as shown in Table I. The remaining 94,608 restricted stock units are shown in Table II.
F5 Restricted stock units are settled in shares of the Company's common stock upon vesting.