Tenet Healthcare (THC) Principal Accounting Officer reports 2,584 RSUs on Form 3
Rhea-AI Filing Summary
TENET HEALTHCARE CORP reported initial holdings for Principal Accounting Officer John Michael Grooms on a Form 3. The filing shows unvested April 2026 time-based restricted stock units covering 2,584 shares of common stock, scheduled to vest in two equal installments on April 15, 2028 and April 15, 2029. These restricted stock units will be settled in shares of common stock when they vest.
Positive
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Negative
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Grooms John Michael
Role
Principal Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | 2026 April Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
2026 April Restricted Stock Units — 2,584 shares (Direct)
Footnotes (2)
- F1. Represents unvested April 2026 time-based restricted stock units that vest in one-half increments on April 15, 2028, and April 15, 2029.
- F2. Restricted stock units are settled in shares of the Company's common stock upon vesting.
Key Figures
Unvested RSUs: 2,584 units
Underlying common shares: 2,584 shares
Vesting schedule: April 15, 2028 & April 15, 2029
+1 more
4 metrics
Unvested RSUs
2,584 units
April 2026 time-based restricted stock units
Underlying common shares
2,584 shares
Underlying shares for reported restricted stock units
Vesting schedule
April 15, 2028 & April 15, 2029
Two equal installments for April 2026 RSUs
Exercise price
$0.0000
Conversion/exercise price of restricted stock units
Key Terms
Restricted stock units, time-based restricted stock units, unvested, underlying security
4 terms
Restricted stock units financial
"Restricted stock units are settled in shares of the Company's common stock upon vesting."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
time-based restricted stock units financial
"Represents unvested April 2026 time-based restricted stock units that vest in one-half increments"
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
unvested financial
"Represents unvested April 2026 time-based restricted stock units that vest in one-half increments"
underlying security financial
"underlying_security_title: "Common Stock", underlying_security_shares: "2584.0000""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider position does John Michael Grooms hold at TENET HEALTHCARE CORP (THC)?
John Michael Grooms is disclosed as an officer of TENET HEALTHCARE CORP, serving as the Principal Accounting Officer. This role typically oversees accounting policies, financial reporting processes, and internal controls supporting the company’s broader finance and compliance functions.
What securities are reported on John Michael Grooms’ Form 3 for TENET HEALTHCARE (THC)?
The Form 3 lists 2026 April Restricted Stock Units, which are time-based awards tied to the company’s common stock. These restricted stock units represent a right to receive shares in the future, subject to vesting conditions described in the filing footnotes.
When do John Michael Grooms’ April 2026 restricted stock units vest at TENET HEALTHCARE (THC)?
The unvested April 2026 time-based restricted stock units vest in two equal installments on April 15, 2028 and April 15, 2029. Each vesting date covers one-half of the total 2,584 underlying common shares shown in the Form 3.
How are the restricted stock units reported by John Michael Grooms at TENET HEALTHCARE (THC) settled?
According to the footnotes, the restricted stock units are settled in shares of common stock upon vesting. This means that when the units vest on their scheduled dates, they convert into actual shares of TENET HEALTHCARE CORP common stock for the reporting person.