R. Scott Ramsey - Feb 24, 2022 Form 4 Insider Report for TENET HEALTHCARE CORP (THC)

Role
Principal Accounting Officer
Signature
Chad J. Wiener, as Attorney-in-Fact for R. Scott Ramsey
Stock symbol
THC
Transactions as of
Feb 24, 2022
Transactions value $
-$63,502
Form type
4
Date filed
2/28/2022, 05:57 PM
Previous filing
Feb 25, 2022
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction THC Common Stock Options Exercise +1.1K 1.1K Feb 24, 2022 Direct F1, F2
transaction THC Common Stock Tax liability -$26.4K -325 -29.44% $81.20 779 Feb 24, 2022 Direct F3
transaction THC Common Stock Options Exercise +1.8K +230.94% 2.58K Feb 25, 2022 Direct F2, F4
transaction THC Common Stock Tax liability -$37.1K -433 -16.8% $85.71 2.15K 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 -1.1K -33.33% $0.00 2.21K Feb 24, 2022 Common Stock 1.1K Direct F1, F5
transaction THC 2020 February Restricted Stock Units Options Exercise $0 -1.8K -50% $0.00 1.8K Feb 25, 2022 Common Stock 1.8K 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 24, 2021, the reporting person received a grant of 3,312 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 1,104 shares of common stock, as shown in Table I. The remaining 2,208 restricted stock units are shown in Table II, of which 1,104 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 5,396 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 1,798 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 1,799 shares of common stock, as shown in Table I. The remaining 1,799 restricted stock units are shown in Table II, and are scheduled to vest on February 26, 2023.
F5 Time-based restricted stock units are settled in shares of the Company's common stock upon vesting.