Ramsey R. Scott 4

What Happened

• Ramsey R. Scott, Principal Accounting Officer of Tenet Healthcare (THC), had 443 restricted stock units (RSUs) convert into 443 shares of common stock on Feb 24, 2026. The Form 4 records this as an exercise/conversion of a derivative (transaction code M): 443 shares acquired. A matching line shows 443 shares disposed at $0.00 (reflecting the conversion/settlement mechanics rather than a cash sale). No cash payment or open‑market sale was reported.

Key Details

• Transaction date: Feb 24, 2026; Form 4 filed Feb 26, 2026 (appears timely).
• Reported transactions: 443 shares acquired via derivative conversion (code M); 443 shares reported disposed at $0.00 (derivative settlement).
• Price/value: No cash paid; acquisition stems from RSU vesting (no open‑market purchase or sale proceeds reported).
• Shares owned after transaction: Not disclosed in the provided data.
• Relevant footnotes: F1–F3 indicate RSUs convert one‑for‑one to common stock, the RSUs were granted Feb 24, 2025 under the 2019 Stock Incentive Plan, vest in three equal annual installments, and the first 1/3 vested on Feb 24, 2026 and are settled in shares upon vesting.

Context

• This was a routine vesting/settlement of time‑based RSUs (compensation), not an open‑market buy or sell. For retail investors, vesting events indicate insiders receiving company shares as part of pay rather than expressing a direct buy/sell sentiment. The filing shows conversion/settlement mechanics (derivative conversion) rather than a cash transaction or immediate sale.