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 transactions involving common stock and restricted stock units.
Summary
- Paola M. Arbour, an executive at Tenet Healthcare Corp, filed a Form 4 detailing changes in beneficial ownership.
- On February 23, 2024, Arbour vested 2,107 restricted stock units, converting them into common stock and then sold 830 shares to cover taxes at a price of $92.8.
- Following these transactions, Arbour directly owned 51,289 shares of common stock.
- On February 24, 2024, Arbour vested 2,839 restricted stock units, converting them into common stock and then sold 1,118 shares to cover taxes at a price of $92.8.
- Arbour also sold 6,736 shares to satisfy withholding taxes due upon vesting of performance share units at a price of $92.8.
- Following these transactions, Arbour directly owned 46,274 shares of common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document simply reports stock transactions by an executive, which is a routine occurrence.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
Key Dates
| Date | Description |
|---|---|
| 02/23/2022 | Restricted stock units were granted pursuant to the 2019 Stock Incentive Plan. |
| 02/24/2021 | Restricted stock units were granted pursuant to the 2019 Stock Incentive Plan. |
| 02/23/2024 | Restricted stock units vested and shares were withheld for taxes. |
| 02/24/2024 | Restricted stock units vested, shares were withheld for taxes, and shares were delivered to satisfy withholding taxes due upon vesting of performance share units. |
| 02/27/2024 | Date of signature for the Form 4 filing. |
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