Daniel J. Cancelmi - Feb 24, 2022 Form 4 Insider Report for TENET HEALTHCARE CORP (THC)

Signature
Chad J. Wiener, as Attorney-in-Fact for Daniel J. Cancelmi
Stock symbol
THC
Transactions as of
Feb 24, 2022
Transactions value $
-$1,089,238
Form type
4
Date filed
2/28/2022, 05:39 PM
Previous filing
Feb 25, 2022
Next filing
Oct 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction THC Common Stock Options Exercise +8.67K +2.4% 371K Feb 24, 2022 Direct F1, F2
transaction THC Common Stock Tax liability -$279K -3.43K -0.93% $81.20 367K Feb 24, 2022 Direct F3
transaction THC Common Stock Options Exercise +15K +4.08% 382K Feb 25, 2022 Direct F2, F4
transaction THC Common Stock Tax liability -$506K -5.9K -1.54% $85.71 376K Feb 25, 2022 Direct F3
transaction THC Common Stock Options Exercise +9.04K +2.4% 385K Feb 25, 2022 Direct F2, F5
transaction THC Common Stock Tax liability -$305K -3.56K -0.92% $85.71 382K Feb 25, 2022 Direct F3

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 2021 February Restricted Stock Units Options Exercise $0 -8.67K -33.33% $0.00 17.3K Feb 24, 2022 Common Stock 8.67K Direct F1, F6
transaction THC 2020 February Restricted Stock Units Options Exercise $0 -15K -50% $0.00 15K Feb 25, 2022 Common Stock 15K Direct F4, F6
transaction THC 2019 February Restricted Stock Units Options Exercise $0 -9.04K -100% $0.00* 0 Feb 25, 2022 Common Stock 9.04K 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 24, 2021, the reporting person received a grant of 26,018 time-based restricted stock units that vest in one-third increments on each of the first, second and third anniversaries of the date of grant. The first anniversary occurred on February 24, 2022, resulting in the vesting and settlement of 8,672 shares of common stock, as shown in Table I. The remaining 17,346 restricted stock units are shown in Table II, of which 8,673 are scheduled to vest on each of February 24, 2023, and February 24, 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 As previously reported, on February 26, 2020, the reporting person received a grant of 44,965 time-based restricted stock units that vest in one-third increments on each of the first, second and third anniversaries of the date of grant. The first anniversary occurred on February 26, 2021, resulting in the vesting and settlement of 14,988 shares of common stock. The second anniversary occurred on February 25, 2022 (the business day prior to February 26, 2022, which fell on a weekend), resulting in the vesting and settlement of 14,988 shares of common stock, as shown in Table I. The remaining 14,989 restricted stock units are shown in Table II, and are scheduled to vest on February 26, 2023.
F5 As previously reported, on February 27, 2019, the reporting person received a grant of 27,130 time-based restricted stock units that vest in one-third increments on each of the first, second and third anniversaries of the date of grant. The first anniversary occurred on February 27, 2020, resulting in the vesting and settlement of 9,043 shares of common stock. The second anniversary occurred on February 26, 2021 (the business day prior to February 27, 2021, which fell on a weekend), resulting in the vesting and settlement of 9,043 shares of common stock. The third anniversary occurred on February 25, 2022 (the business day prior to February 27, 2022, which fell on a weekend), resulting in the vesting and settlement of 9,044 shares of common stock, as shown in Table I.
F6 Time-based restricted stock units are settled in shares of the Company's common stock upon vesting.