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 of restricted stock units and subsequent tax withholding on March 1, 2024.
Summary
- On March 1, 2024, R. Scott Ramsey, Principal Accounting Officer of Tenet Healthcare Corp, had 1,399 restricted stock units vest, which converted into common stock.
- 341 shares were withheld for payment of taxes upon the vesting of these restricted stock units.
- The price of Tenet Healthcare Corp's common stock on March 1, 2024, was $94.29.
- Following these transactions, Ramsey directly owns 17,923 shares of common stock and 2,800 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard compensation practices; therefore, the sentiment is neutral.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company officers. It is a standard practice for publicly traded companies and their executives.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the vesting of previously granted equity compensation.
Key Dates
| Date | Description |
|---|---|
| 03/01/2023 | Date of grant for the restricted stock units under the 2019 Stock Incentive Plan. |
| 03/01/2024 | Date of transaction: vesting of restricted stock units and tax withholding. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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