Arnst Thomas W 4

What Happened

• Thomas W. Arnst, EVP, Chief Administrative Officer & General Counsel of Tenet Healthcare Corp (THC), had 3,800 restricted stock units convert into 3,800 shares on February 24, 2026 (reported Feb 26, 2026). The filing shows an acquisition of 3,800 shares via conversion (derivative transaction code M) and a simultaneous disposition of 3,800 shares at $0.00 — consistent with shares being surrendered/withheld to cover taxes. There is no cash sale reported; total cash proceeds shown are $0.

Key Details

• Transaction date: 2026-02-24; Form 4 filed: 2026-02-26 (timely).
• Acquired: 3,800 shares via conversion of restricted stock units (derivative code M). Disposed: 3,800 shares at $0.00 (tax withholding).
• Prices/values: Acquisition listed as N/A; disposition listed at $0.00 (no cash proceeds).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1–F3 explain that RSUs convert 1-for-1 into common stock, the RSUs were granted 2/24/2025 under the 2019 Stock Incentive Plan and vest in three equal annual installments, and time-based RSUs are settled in shares upon vesting.

Context

• This appears to be a routine vesting event (restricted stock units converting to shares) with shares withheld to satisfy tax obligations, not an open-market sale or purchase. Derivative code M denotes an exercise/conversion of a derivative (in this case RSU conversion). Such tax-withholding dispositions are common with vested awards and don't necessarily signal a change in insider sentiment.