Ronald A. Rittenmeyer - Sep 30, 2021 Form 4 Insider Report for TENET HEALTHCARE CORP (THC)

Role
Executive Chairman, Director
Signature
Thomas W. Arnst, as Attorney-in-Fact for Ronald A. Rittenmeyer
Stock symbol
THC
Transactions as of
Sep 30, 2021
Transactions value $
-$1,473,373
Form type
4
Date filed
10/4/2021, 05:20 PM
Previous filing
Jul 2, 2021
Next filing
Nov 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction THC Common Stock Options Exercise +32.7K +4.32% 789K Sep 30, 2021 Direct F1, F2
transaction THC Common Stock Tax liability -$855K -12.9K -1.63% $66.44 776K Sep 30, 2021 Direct F3
transaction THC Common Stock Options Exercise +23.7K +3.05% 800K Sep 30, 2021 Direct F2, F4
transaction THC Common Stock Tax liability -$618K -9.31K -1.16% $66.44 790K Sep 30, 2021 Direct F3
holding THC Common Stock 15K Sep 30, 2021 By spouse

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 2020 February Restricted Stock Units Options Exercise $0 -32.7K -16.67% $0.00 164K Sep 30, 2021 Common Stock 32.7K Direct F1, F5
transaction THC 2021 February Restricted Stock Units Options Exercise $0 -23.7K -16.67% $0.00 118K Sep 30, 2021 Common Stock 23.7K 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 26, 2020, the reporting person received a grant of 359,713 time-based restricted stock units that vest and settle in eleven equal quarterly installments. The sixth vesting date occurred on September 30, 2021, resulting in the vesting and settlement of 32,701 shares of common stock, as shown in Table I. The remaining 163,507 restricted stock units are shown in Table II.
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 24, 2021, the reporting person received a grant of 189,215 time-based restricted stock units that vest and settle in eight equal quarterly installments. The third vesting date occurred on September 30, 2021, resulting in the vesting and settlement of 23,652 shares of common stock, as shown in Table I. The remaining 118,260 restricted stock units are shown in Table II.
F5 Restricted stock units are settled in shares of the Company's common stock upon vesting.