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

Signature
Chad J. Wiener, as Attorney-in-Fact for Marie Quintana
Stock symbol
THC
Transactions as of
Feb 24, 2022
Transactions value $
-$220,312
Form type
4
Date filed
2/28/2022, 05:46 PM
Previous filing
Jul 29, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction THC Common Stock Options Exercise +2.68K +116.57% 4.98K Feb 24, 2022 Direct F1, F2
transaction THC Common Stock Tax liability -$56.4K -695 -13.96% $81.20 4.28K Feb 24, 2022 Direct F3
transaction THC Common Stock Options Exercise +5.1K +118.95% 9.38K Feb 25, 2022 Direct F2, F4
transaction THC Common Stock Tax liability -$106K -1.24K -13.23% $85.71 8.14K Feb 25, 2022 Direct F3
transaction THC Common Stock Options Exercise +2.75K +33.82% 10.9K Feb 25, 2022 Direct F2, F5
transaction THC Common Stock Tax liability -$57.5K -671 -6.16% $85.71 10.2K 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 -2.68K -33.33% $0.00 5.36K Feb 24, 2022 Common Stock 2.68K Direct F1, F6
transaction THC 2020 February Restricted Stock Units Options Exercise $0 -5.1K -50% $0.00 5.1K Feb 25, 2022 Common Stock 5.1K Direct F4, F6
transaction THC 2019 February Restricted Stock Units Options Exercise $0 -2.75K -100% $0.00* 0 Feb 25, 2022 Common Stock 2.75K 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 8,042 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 2,680 shares of common stock, as shown in Table I. The remaining 5,362 restricted stock units are shown in Table II, of which 2,681 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 15,288 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 5,096 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 5,096 shares of common stock, as shown in Table I. The remaining 5,096 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 8,257 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 2,752 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 2,752 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 2,753 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.