Arbour Paola M 4

What Happened

• Paola M. Arbour, EVP & Chief Information Officer of Tenet Healthcare (THC), had 1,267 restricted stock units (RSUs) vest and convert into 1,267 shares on February 24, 2026. The filing records the derivative conversion (code M) for 1,267 shares acquired and a simultaneous disposition of 1,267 shares at $0.00 (net settlement), consistent with shares being withheld to satisfy tax withholding obligations. No open-market sale or cash proceeds were reported.

Key Details

• Transaction date: February 24, 2026 (reported on Form 4 filed Feb 26, 2026).
• Activity: Conversion/settlement of time-based RSUs (derivative transaction code M); 1,267 shares acquired and 1,267 shares disposed at $0.00 (net-settlement/tax withholding).
• Grant/vesting context: RSUs were granted under the 2019 Stock Incentive Plan on Feb 24, 2025 and vest 1/3 annually; the first 1/3 vested on Feb 24, 2026 (Footnotes F1–F3).
• Shares owned after the transaction: Not specified in the supplied filing details.
• Timeliness: Form 4 was filed two days after the transaction date, which is within the standard two-business-day reporting window.

Context

• This was a routine vesting/settlement of time-based RSUs, not a market purchase or sale. The simultaneous $0.00 disposition typically reflects issuer withholding of vested shares to cover taxes (net settlement), not a sale that would indicate insider sentiment. For retail investors, RSU vesting is compensation realization rather than an investment decision by the insider.