Daniel J. Cancelmi - Dec 29, 2023 Form 4 Insider Report for TENET HEALTHCARE CORP (THC)

Role
Former EVP & CFO
Signature
Chad J. Wiener, as Attorney-in-Fact for Daniel J. Cancelmi
Stock symbol
THC
Transactions as of
Dec 29, 2023
Transactions value $
-$998,809
Form type
4
Date filed
1/2/2024, 05:00 PM
Previous filing
Mar 7, 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction THC Common Stock Options Exercise +33.6K +7.39% 488K Dec 29, 2023 Direct F1, F2
transaction THC Common Stock Tax liability -$999K -13.2K -2.71% $75.57 475K Dec 29, 2023 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 2023 March Restricted Stock Units Options Exercise $0 -33.6K -100% $0.00* 0 Dec 29, 2023 Common Stock 33.6K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Daniel J. Cancelmi is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 These time-based restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on March 1, 2023, and vested in their entirety on December 29, 2023 (the business day prior to December 31, 2023, which fell on a weekend).
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 Time-based restricted stock units are settled in shares of the Company's common stock upon vesting.