Howard Hacker - Feb 24, 2022 Form 4 Insider Report for TENET HEALTHCARE CORP (THC)

Signature
Chad J. Wiener, as Attorney-in-Fact for Howard Hacker
Stock symbol
THC
Transactions as of
Feb 24, 2022
Transactions value $
-$178,142
Form type
4
Date filed
2/28/2022, 05:43 PM
Previous filing
Aug 18, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction THC Common Stock Options Exercise +2.52K 2.52K Feb 24, 2022 Direct F1, F2
transaction THC Common Stock Tax liability -$53.3K -657 -26.04% $81.20 1.87K Feb 24, 2022 Direct F3
transaction THC Common Stock Options Exercise +4.8K +257.02% 6.66K Feb 25, 2022 Direct F2, F4
transaction THC Common Stock Tax liability -$100K -1.17K -17.53% $85.71 5.49K Feb 25, 2022 Direct F3
transaction THC Common Stock Options Exercise +1.18K +21.48% 6.67K Feb 25, 2022 Direct F2, F5
transaction THC Common Stock Tax liability -$24.7K -288 -4.32% $85.71 6.39K 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 -2.52K -33.33% $0.00 5.05K Feb 24, 2022 Common Stock 2.52K Direct F1, F6
transaction THC 2020 February Restricted Stock Units Options Exercise $0 -4.8K -49.99% $0.00 4.8K Feb 25, 2022 Common Stock 4.8K Direct F4, F6
transaction THC 2019 February Restricted Stock Units Options Exercise $0 -1.18K -100% $0.00* 0 Feb 25, 2022 Common Stock 1.18K 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 7,569 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 2,523 shares of common stock, as shown in Table I. The remaining 5,046 restricted stock units are shown in Table II, of which 2,523 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 14,389 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 4,796 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 4,796 shares of common stock, as shown in Table I. The remaining 4,797 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 3,539 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 1,179 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 1,180 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 1,180 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.