Form 4: Tenet Healthcare Executive Lisa Y. Foo Reports Stock Transactions
SEC Form 4 Filing
Lisa Y. Foo, EVP of Commercial Operations at Tenet Healthcare, reports the vesting and subsequent transactions of restricted stock units and performance share units.
Summary
- On February 21, 2025, Lisa Y. Foo, EVP of Commercial Operations at Tenet Healthcare Corp, reported transactions involving common stock and restricted stock units.
- 2,107 restricted stock units vested and converted into common stock on a one-for-one basis.
- 1,019 shares were withheld for payment of taxes upon the vesting of restricted stock units at a price of $129.6 per share.
- 4,978 shares were delivered to satisfy withholding taxes due upon vesting of performance share units, also at $129.6 per share.
- Following these transactions, Foo directly owns 24,298 shares of Tenet Healthcare common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies like Tenet Healthcare. These transactions are governed by SEC regulations to ensure transparency and prevent insider trading.
Comparison to Industry Standards
- Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
- Vesting schedules and tax withholding practices are standard across the industry.
- Comparable companies such as HCA Healthcare and Universal Health Services also have executives who regularly report similar transactions.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- They provide transparency into executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 02/23/2022 | Restricted stock units were granted pursuant to the 2019 Stock Incentive Plan. |
| 02/21/2025 | Date of earliest transaction: vesting of restricted stock units and transactions for tax withholding. |
| 02/23/2025 | Date that fell on a weekend, business day prior was 02/21/2025. |
| 02/25/2025 | Date of Form 4 filing. |
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