Form 4: Tenet Healthcare EVP Lisa Y. Foo Reports Stock Transactions

Lisa Y. Foo, EVP of Commercial Operations at Tenet Healthcare, reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to her beneficial ownership of company stock.

Summary

• Lisa Y. Foo, an EVP at Tenet Healthcare, filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
• On February 23, 2024, 2,107 restricted stock units vested, converting into common stock.
• 1,019 shares were withheld for tax payments at a price of $92.8 per share.
• Following these transactions, Foo directly owned 19,927 shares of common stock.
• On February 24, 2024, 1,104 restricted stock units vested, converting into common stock.
• 534 shares were withheld for tax payments at a price of $92.8 per share.
• 3,239 shares were delivered to satisfy withholding taxes due upon vesting of performance share units.
• Following these transactions, Foo directly owned 17,258 shares of common stock.

Sentiment

Score: 5

Explanation: This is a routine transaction filing, and the sentiment is neutral as it reflects standard compensation practices.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve the vesting of previously granted equity compensation.

Key Dates