Form 4: Tenet Healthcare Executive R. Scott Ramsey Reports Stock Transactions
SEC Form 4
R. Scott Ramsey, Principal Accounting Officer of Tenet Healthcare Corp, reports acquisition and disposal of common stock and derivative securities related to restricted stock units.
Summary
- R. Scott Ramsey, Principal Accounting Officer at Tenet Healthcare Corp, filed a Form 4 detailing changes in beneficial ownership.
- On February 23, 2024, Ramsey acquired 1,053 shares of common stock through the vesting of restricted stock units and disposed of 415 shares to cover tax obligations at a price of $92.8 per share.
- Following these transactions on February 23, 2024, Ramsey directly owned 18,852 shares of Tenet Healthcare Corp.
- On February 24, 2024, Ramsey acquired 1,104 shares of common stock through the vesting of restricted stock units and disposed of 435 shares to cover tax obligations at a price of $92.8 per share.
- Additionally on February 24, 2024, Ramsey disposed of 2,656 shares to satisfy withholding taxes due upon vesting of performance share units.
- Following these transactions on February 24, 2024, Ramsey directly owned 16,865 shares of Tenet Healthcare Corp.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Positives
- The vesting of restricted stock units indicates a form of compensation and alignment of interests between the executive and the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the transactions of company insiders.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units that vest over time, aligning executive interests with long-term shareholder value.
- Tax withholding practices upon vesting are standard procedure to cover income tax obligations.
- Companies like HCA Healthcare and Universal Health Services also utilize stock-based compensation for their executives.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock transactions.
- The transactions themselves have a minimal direct impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 02/24/2021 | Date of grant for 2021 Restricted Stock Units |
| 02/23/2022 | Date of grant for 2022 Restricted Stock Units |
| 02/23/2024 | Transaction date for acquisition and disposal of shares. |
| 02/24/2024 | Transaction date for acquisition and disposal of shares. |
| 02/27/2024 | Date of signature for the Form 4 filing. |
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