Saumya Sutaria - Feb 21, 2025 Form 4 Insider Report for TENET HEALTHCARE CORP (THC)

Signature
Chad J. Wiener, as Attorney-in-fact for Saumya Sutaria
Stock symbol
THC
Transactions as of
Feb 21, 2025
Transactions value $
-$10,086,898
Form type
4
Date filed
2/25/2025, 08:00 PM
Previous filing
Feb 13, 2025
Next filing
Feb 26, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction THC Common Stock Options Exercise +21.1K +5.3% 419K Feb 21, 2025 Direct F1
transaction THC Common Stock Tax liability -$1.44M -11.1K -2.66% $129.60 408K Feb 21, 2025 Direct F2, F3
transaction THC Common Stock Tax liability -$8.64M -66.7K -16.36% $129.60 341K Feb 21, 2025 Direct F3, F4

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 2022 Restricted Stock Units Options Exercise $0 -21.1K -100% $0.00 0 Feb 21, 2025 Common Stock 21.1K Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 Shares withheld for payment of taxes upon vesting of restricted stock units in accordance with Rule 16b-3.
F3 Represents the closing price of the common stock of the Issuer on February 21, 2025.
F4 Reflects shares delivered by reporting person to satisfy withholding taxes due upon vesting of performance share units.
F5 The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on February 23, 2022, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the third 1/3 increment vested on February 21, 2025, (the business day prior to February 23, 2025, which fell on a weekend).
F6 Time-based restricted stock units are settled in shares of the Company's common stock upon vesting.