Form 4: Tenet Healthcare EVP Paola M. Arbour Reports Stock Transactions
SEC Form 4 Filing
Paola M. Arbour, EVP and Chief Information Officer of Tenet Healthcare, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On March 1, 2024, Paola M. Arbour, EVP and Chief Information Officer of Tenet Healthcare Corp, had 2,799 restricted stock units vest.
- These units converted into common stock on a one-for-one basis.
- 1,102 shares were withheld for payment of taxes upon the vesting of these units.
- The price of Tenet Healthcare's common stock on March 1, 2024, was $94.29.
- Following these transactions, Arbour directly owns 47,971 shares of Tenet Healthcare common stock and 5,598 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, with no inherent positive or negative implications for 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 stock ownership of company executives.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects the standard compensation practices for executives.
- Employees may be interested in the stock transactions of company executives.
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 Form 4 filing. |
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