Paola M. Arbour - May 28, 2021 Form 4 Insider Report for TENET HEALTHCARE CORP (THC)

Signature
Mark R. Jackson, as Attorney-in-Fact for Paola M. Arbour
Stock symbol
THC
Transactions as of
May 28, 2021
Transactions value $
-$40,882
Form type
4
Date filed
6/2/2021, 07:54 PM
Previous filing
May 25, 2021
Next filing
Jul 21, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction THC Common Stock Options Exercise +2.51K 2.51K May 28, 2021 Direct F1, F2
transaction THC Common Stock Tax liability -$40.9K -611 -24.35% $66.91 1.9K May 28, 2021 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 2018 May Restricted Stock Units Options Exercise $0 -2.51K -100% $0.00* 0 May 28, 2021 Common Stock 2.51K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As previously reported, on May 31, 2018, the reporting person received a grant of 7,527 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 May 31, 2019, resulting in the vesting and settlement of 2,509 shares of common stock. The second anniversary occurred on May 29, 2020 (the business day prior to May 31, 2020, which fell on a weekend), resulting in the vesting and settlement of 2,509 shares of common stock. The third anniversary occurred on May 28, 2021 (the business day prior to May 31, 2021, which fell on a federal holiday), resulting in the vesting and settlement of 2,509 shares of common stock, as shown in Table I.
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.