Blunt Roy 4

What Happened
Roy Blunt, a director of Tenet Healthcare Corp (THC), had restricted stock units (RSUs) convert on 2026-05-22. The filing shows an exercise/conversion of 1,333 RSU-equivalent shares and a disposition of 493 shares to the issuer at $173.78 each, generating $85,674 in cash. Per the filing footnote, 37% of the RSUs were settled for cash and 63% were settled for shares — netting Blunt approximately 840 shares (1,333 − 493).

Key Details

• Transaction date: 2026-05-22; Form 4 filed 2026-05-26. (Form 4 is normally due within two business days; this filing appears later than that window.)
• Sale/proceeds: 493 shares disposed to issuer at $173.78 each = $85,674.
• Conversion: 1,333 RSU-equivalent units converted; after cash settlement of 37%, ~840 shares were received.
• Shares owned after transaction: not disclosed in the filing.
• Footnote: Each RSU was equivalent to one share; the reporting person settled 37% for cash and 63% for shares (cash settlement typically reflects tax withholding on RSU settlement).

Context
This was a routine RSU settlement (derivative conversion) with a partial cash settlement and partial share delivery. The cash portion (493 shares) is consistent with withholding/sale to cover taxes and does not by itself indicate a market view.