Park Sun 4

What Happened

• Park Sun, Chief Financial Officer of Tenet Healthcare (THC), had 3,800 time-based restricted stock units (RSUs vest) convert into 3,800 shares on February 24, 2026. The filing shows the 3,800 shares were simultaneously disposed of at $0.00 (i.e., withheld/surrendered), so there were no cash proceeds reported.

Key Details

• Transaction date: February 24, 2026; Form 4 filed February 26, 2026 (timely).
• Reported actions: conversion/settlement of 3,800 RSUs into 3,800 common shares (acquisition) and disposition of those 3,800 shares (reported at $0.00).
• Shares owned after transaction: not disclosed in the filing.
• Relevant footnotes:
  • F1: RSUs convert 1-for-1 into common stock.
  • F2: These RSUs were granted under the 2019 Stock Incentive Plan on Feb 24, 2025 and vest in equal 1/3 increments annually; the first tranche vested on Feb 24, 2026.
  • F3: Time-based RSUs are settled in shares upon vesting.
• No indication of a 10b5-1 plan or late filing.

Context

• This is a routine vesting/settlement of restricted stock units, not an open-market purchase or sale for cash. The simultaneous disposal at $0.00 is consistent with shares being withheld or surrendered to satisfy tax withholding on the vested award, resulting in no net sale proceeds reported. Such withholding is common and does not necessarily indicate a change in the insider’s view of the company.