Tenet Healthcare (THC) Director Cecil D. Haney Sells 1,300 Shares
$THC · TENET HEALTHCARE CORPResearch Summary
AI-generated summary of this SEC filing
Tenet Healthcare (THC) Director Cecil D. Haney Sells 1,300 Shares
What Happened
Cecil D. Haney, a director of Tenet Healthcare Corporation (THC), sold 1,300 shares in an open-market transaction on August 24, 2026. The shares traded at $278.03 each, generating proceeds of approximately $361,439. This was a straight sale (code S), not an option exercise or award.
Key Details
- Transaction date: 2026-08-24; filing date: 2026-08-26 (filed within two business days).
- Price: $278.03 per share.
- Shares sold: 1,300; total proceeds ≈ $361,439.
- Shares owned after transaction: not specified in the excerpt of the filing provided. Check the full Form 4 for post-transaction holdings.
- No 10b5-1 plan, tax-withholding, gift, or option-exercise footnotes are indicated in the provided details.
Context
Sales by directors are common and can be for many personal reasons; they do not by themselves indicate a change in company fundamentals. Because this was an open-market sale (not an exercise or gift), it represents a routine disposal of shares rather than acquisition activity, which typically carries more weight for bullish signals. For full context, review the complete Form 4 filing and the director’s total holdings.