Form 4: Tenet Healthcare CEO Saumya Sutaria Reports Stock Transactions
SEC Form 4 Filing
Tenet Healthcare CEO Saumya Sutaria reports the vesting and conversion of restricted stock units into common stock, along with transactions to cover tax obligations.
Summary
- On February 21, 2025, Saumya Sutaria, CEO of Tenet Healthcare Corp, reported transactions involving the company's common stock.
- 21,066 restricted stock units vested and were converted into common stock.
- 11,134 shares were withheld for payment of taxes upon the vesting of restricted stock units at a price of $129.6 per share.
- 66,697 shares were delivered to satisfy withholding taxes due upon vesting of performance share units, also at $129.6 per share.
- Following these transactions, Sutaria directly owns 340,959 shares of Tenet Healthcare Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which is neutral in sentiment. It reflects routine compensation-related activities.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It doesn't necessarily reflect a broader industry trend but is specific to the individual's compensation and stock ownership.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the vesting of previously granted stock units and tax-related transactions.
Key Dates
| Date | Description |
|---|---|
| February 23, 2022 | Restricted stock units were granted pursuant to the 2019 Stock Incentive Plan. |
| February 21, 2025 | Date of transactions: vesting of restricted stock units, tax withholding, and delivery of shares for performance share unit tax obligations. |
| February 25, 2025 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.