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Tenet Healthcare (THC) CFO logs RSU award, vesting and tax share disposals

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Tenet Healthcare EVP & CFO Sun Park reported equity compensation and related tax-withholding transactions. On February 27, 2026, Park received a grant of 7,520 time-based restricted stock units, which vest in one-third increments over three years and settle in common shares upon vesting.

On the same date, 4,670 restricted stock units from a 2024 award converted into an equal number of common shares. To cover withholding taxes on vested performance share units and restricted stock units, 1,626 and 1,985 common shares were withheld at prices of $237.58 and $239.39, respectively. After these transactions, Park directly held 19,438 shares of Tenet Healthcare common stock.

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Insider Park Sun
Role EVP & Chief Financial Officer
Type Security Shares Price Value
Grant/Award 2026 February Restricted Stock Units 7,520 $0.00 $0.00
Exercise 2024 February Restricted Stock Units 4,670 $0.00 $0.00
Exercise Common Stock 4,670 $0.00 $0.00
Exercise Price or Tax Liability Common Stock 1,626 $237.58 $386K
Exercise Price or Tax Liability Common Stock 1,985 $239.39 $475K
Holdings After Transaction: 2026 February Restricted Stock Units — 7,520 shares (Direct); 2024 February Restricted Stock Units — 4,671 shares (Direct); Common Stock — 19,438 shares (Direct)
Footnotes (8)
  1. F1. Restricted stock units convert into common stock on a one-for-one basis.
  2. F2. Reflects shares delivered by reporting person to satisfy withholding taxes due upon vesting of performance share units.
  3. F3. Represents the closing price of the common stock of the Issuer on the vesting date for the award.
  4. F4. Shares withheld for payment of taxes upon vesting of restricted stock units in accordance with Rule 16b-3.
  5. F5. Represents the closing price of the common stock of the Issuer on February 27, 2026.
  6. F6. These time-based restricted stock units vest in one-third increments on each of the first, second and third anniversaries of the date of grant. Restricted stock units are settled in shares of the Company's common stock upon vesting.
  7. F7. The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on February 28, 2024, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the second 1/3 increment vested on February 27, 2026 (the business day prior to February 28, 2026, which fell on a weekend).
  8. F8. Time-based restricted stock units are settled in shares of the Company's common stock upon vesting.

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider transactions did Tenet Healthcare (THC) CFO Sun Park report?
Sun Park reported a grant of restricted stock units, the conversion of earlier RSUs into common stock, and share dispositions to cover tax withholding. These are compensation-related equity transactions, not open-market buy or sell trades, and adjust his direct ownership stake.

How many restricted stock units were granted to Tenet Healthcare CFO Sun Park?
Sun Park received 7,520 time-based restricted stock units labeled as 2026 February Restricted Stock Units. According to the filing, these units were granted under a stock incentive plan and are scheduled to vest in three equal annual installments, settling in Tenet Healthcare common shares upon vesting.

How do Sun Park’s Tenet Healthcare restricted stock units vest and settle?
The time-based restricted stock units vest in one-third increments on each of the first, second, and third anniversaries of the grant date. Footnotes state that vested restricted stock units are settled on a one-for-one basis in shares of Tenet Healthcare’s common stock, increasing direct share ownership at each vesting.

Why were Tenet Healthcare shares disposed of in Sun Park’s Form 4 filing?
The filing shows share dispositions coded as tax-withholding transactions, not open-market sales. A total of 1,626 and 1,985 common shares were delivered to satisfy withholding taxes due upon vesting of performance share units and restricted stock units, using the issuer’s closing stock prices on the relevant date.

What stock prices were used for Sun Park’s Tenet Healthcare tax-withholding shares?
For the tax-withholding dispositions, the filing cites prices of $237.58 and $239.39 per share. Footnotes explain these represent the issuer’s common stock closing prices on the vesting date and on February 27, 2026, which were used to value shares delivered for tax obligations.

How many Tenet Healthcare common shares does Sun Park own after these transactions?
After the reported transactions, Sun Park directly owned 19,438 shares of Tenet Healthcare common stock. This figure reflects the RSU conversion into common shares and the shares withheld for tax purposes, providing an updated view of his post-transaction direct share ownership position.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Park Sun
(Last) (First) (Middle)
14201 DALLAS PARKWAY
(Street)
DALLAS TX 75254
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TENET HEALTHCARE CORP [ THC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP & Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/27/2026 M 4,670 A (1) 23,049 D
Common Stock 02/27/2026 F 1,626(2) D $237.58(3) 21,423 D
Common Stock 02/27/2026 F 1,985(4) D $239.39(5) 19,438 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
2026 February Restricted Stock Units (6) 02/27/2026 A 7,520 (6) (6) Common Stock 7,520 $0 7,520 D
2024 February Restricted Stock Units (7) 02/27/2026 M 4,670 (7) (7) Common Stock(8) 4,670 $0 4,671 D
Explanation of Responses:
1. Restricted stock units convert into common stock on a one-for-one basis.
2. Reflects shares delivered by reporting person to satisfy withholding taxes due upon vesting of performance share units.
3. Represents the closing price of the common stock of the Issuer on the vesting date for the award.
4. Shares withheld for payment of taxes upon vesting of restricted stock units in accordance with Rule 16b-3.
5. Represents the closing price of the common stock of the Issuer on February 27, 2026.
6. These time-based restricted stock units vest in one-third increments on each of the first, second and third anniversaries of the date of grant. Restricted stock units are settled in shares of the Company's common stock upon vesting.
7. The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on February 28, 2024, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the second 1/3 increment vested on February 27, 2026 (the business day prior to February 28, 2026, which fell on a weekend).
8. Time-based restricted stock units are settled in shares of the Company's common stock upon vesting.
Chad J. Wiener, as Attorney-in-fact for Sun Park 03/03/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR