Form 4: Tenet Healthcare Corp: Officer R. Scott Ramsey Reports Stock Transactions
SEC Form 4 Filing
R. Scott Ramsey, Principal Accounting Officer of Tenet Healthcare Corp, reports the vesting and conversion of restricted stock units into common stock, along with a disposition of shares to cover tax obligations.
Summary
- On February 28, 2025, R. Scott Ramsey, Principal Accounting Officer of Tenet Healthcare Corp, engaged in transactions involving the company's common stock.
- These transactions included the conversion of 934 restricted stock units from a 2024 grant and 1,400 restricted stock units from a 2023 grant into common stock.
- Ramsey also disposed of 865 shares of common stock to cover tax obligations related to the vesting of the restricted stock units at a price of $126.59 per share.
- Following these transactions, Ramsey directly owns 13,322 shares of Tenet Healthcare Corp common stock and holds 1,869 restricted stock units from the 2024 grant and 1,400 restricted stock units from the 2023 grant.
- The reporting was filed on March 4, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an officer. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company officers and their holdings in the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders, as mandated by the SEC.
- The transactions reported are typical for executives who receive stock-based compensation.
- Similar filings can be observed for officers at comparable healthcare companies like HCA Healthcare and Universal Health Services.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine compensation-related activities.
- Employees holding similar stock-based compensation may find the filing relevant to their own holdings.
Key Dates
| Date | Description |
|---|---|
| 2023-03-01 | Date of grant for 2023 March Restricted Stock Units |
| 2024-02-28 | Date of grant for 2024 February Restricted Stock Units |
| 2025-02-28 | Date of transaction: vesting and conversion of restricted stock units, and tax withholding. |
| 2025-03-03 | Date of transaction: shares withheld for payment of taxes |
| 2025-03-04 | Date of filing the Form 4. |
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