Paola M. Arbour - Jun 2, 2023 Form 4 Insider Report for TENET HEALTHCARE CORP (THC)

Signature
Chad J. Wiener, as Attorney-in-Fact for Paola M. Arbour
Stock symbol
THC
Transactions as of
Jun 2, 2023
Transactions value $
-$2,900,338
Form type
4
Date filed
6/6/2023, 04:46 PM
Previous filing
Apr 20, 2023
Next filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction THC Common Stock Options Exercise $610K +17.2K +52.13% $35.43 50.2K Jun 2, 2023 Direct F1
transaction THC Common Stock Sale -$1.3M -17.2K -34.27% $75.44 33K Jun 2, 2023 Direct F1, F2
transaction THC Common Stock Options Exercise $603K +21.4K +64.69% $28.26 54.4K Jun 2, 2023 Direct F1
transaction THC Common Stock Sale -$1.6M -21.4K -39.28% $75.05 33K Jun 2, 2023 Direct F1, 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 2018 May Performance Stock Options (Right to Buy) Options Exercise -$610K -17.2K -100% $35.43 0 Jun 2, 2023 Common Stock 17.2K $35.43 Direct F1, F4
transaction THC 2019 February Performance Stock Options (Right to Buy) Options Exercise -$603K -21.4K -100% $28.26 0 Jun 2, 2023 Common Stock 21.4K $28.26 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This stock option was exercised and the resulting shares were sold in open market broker transactions, the proceeds of which were used in part to pay the exercise price, to cover withholding taxes, and to pay broker fees and commissions, pursuant to broker-assisted cashless exercises and sales.
F2 The price is the weighted average sales price of the aggregate number of shares that were sold by the reporting person. These shares were sold in multiple transactions at prices ranging from $75.39 to $75.48. The reporting person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
F3 The price is the weighted average sales price of the aggregate number of shares that were sold by the reporting person. These shares were sold in multiple transactions at prices ranging from $74.98 to $75.26. The reporting person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
F4 These derivative securities (stock options) vested and became exercisable on May 28, 2021 (the business day prior to May 31, 2021, which was a federal holiday).
F5 These derivative securities (stock options) vested and became exercisable on February 25, 2022 (the business day prior to February 27, 2022, which fell on a weekend).