Cancelmi Daniel J 4
4 · TENET HEALTHCARE CORP · Filed Mar 7, 2023
Insider Transaction Report
Form 4
Cancelmi Daniel J
Former EVP & CFO
Transactions
- Exercise/Conversion
Common Stock
[F1][F2]2023-03-06+6,319→ 399,134 total - Tax Payment
Common Stock
[F3][F4]2023-03-06$60.62/sh−2,487$150,762→ 396,647 total - Exercise/Conversion
Common Stock
[F5][F2]2023-03-06+8,673→ 405,320 total - Tax Payment
Common Stock
[F3][F4]2023-03-06$59.29/sh−3,413$202,357→ 401,907 total - Exercise/Conversion
Common Stock
[F6][F2]2023-03-06+14,989→ 416,896 total - Tax Payment
Common Stock
[F3][F4]2023-03-06$59.29/sh−5,899$349,752→ 410,997 total - Exercise/Conversion
Common Stock
[F7][F2]2023-03-06+71,810→ 482,807 total - Tax Payment
Common Stock
[F3][F4]2023-03-06$59.29/sh−28,264$1,675,773→ 454,543 total - Exercise/Conversion
2022 February Restricted Stock Units
[F1][F8]2023-03-06−6,319→ 12,640 total→ Common Stock (6,319 underlying) - Exercise/Conversion
2021 February Restricted Stock Units
[F5][F8]2023-03-06−8,673→ 8,673 total→ Common Stock (8,673 underlying) - Exercise/Conversion
2020 February Restricted Stock Units
[F6][F8]2023-03-06−14,989→ 0 total→ Common Stock (14,989 underlying) - Exercise/Conversion
2020 February Performance-Based Restricted Stock Units
[F7][F8]2023-03-06−71,810→ 0 total→ Common Stock (71,810 underlying)
Footnotes (8)
- [F1]The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on February 23, 2022, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the first 1/3 increment settled on March 6, 2023.
- [F2]Restricted stock units convert into common stock on a one-for-one basis.
- [F3]The transaction reported reflects the withholding of shares of common stock in satisfaction of the Reporting Person's tax liability in connection with the settlement and vesting of time-based restricted stock units and performance-based restricted stock units granted under the 2019 Stock Incentive Plan.
- [F4]Represents the closing price of the common stock of the Issuer on the vesting date.
- [F5]The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on February 24, 2021, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the second 1/3 increment settled on March 6, 2023.
- [F6]The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on February 26, 2020, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the third and final 1/3 increment settled on March 6, 2023.
- [F7]On February 26, 2020, the reporting person received a target grant of 44,965 performance-based restricted stock units, scheduled to vest on the third anniversary of the date of grant subject to the Company's attainment of specified performance goals and the level of achievement thereof. The performance goals were exceeded, and the award was certified at a payout of 71,810 units. The performance-based restricted stock units settled on March 6, 2023.
- [F8]Both time-based restricted stock units and performance-based restricted stock units are settled in shares of the Company's common stock.
Signature
Chad J. Wiener, as Attorney-in-Fact for Daniel J. Cancelmi|2023-03-07