Foo Lisa Y 4

What Happened

• Lisa Y. Foo, Chief Operating Officer of Tenet Healthcare (THC), had 3,800 restricted stock units (RSUs) convert into common shares on February 24, 2026. The Form 4 reports an exercise/conversion (code M) for 3,800 shares (acquired) and a matching disposal of 3,800 shares at $0.00.
• The filing is consistent with a routine RSU vesting and settlement rather than an open‑market purchase or sale; no cash proceeds are reported for the disposal.

Key Details

• Transaction date: 2026-02-24; Form 4 filed: 2026-02-26 (timely).
• Reported activity: Conversion/exercise of derivative (M) — 3,800 shares acquired; 3,800 shares disposed at $0.00.
• Footnotes: F1/F3 — RSUs convert one‑for‑one into common stock and are settled in shares; F2 — these RSUs were granted 2/24/2025 under the 2019 Stock Incentive Plan and vest in three equal annual installments, with the first third vesting 2/24/2026.
• Shares owned after transaction: Not specified in the provided excerpt.
• No indication of a 10b5-1 plan or late filing in the disclosed information.

Context

• This appears to be the scheduled vesting and settlement of time‑based RSUs (company compensation), a routine insider event that does not necessarily signal a buy or sell decision. The $0.00 disposal line in the filing is consistent with share withholding or settlement mechanics used to satisfy taxes/withholding obligations upon vesting, but the filing excerpt does not state the exact withholding method.