Form 4: Tenet Healthcare Executive Thomas Arnst Reports Stock Transactions
SEC Form 4 Filing
Thomas Arnst, EVP, Chief Admin. Officer & GC of Tenet Healthcare Corp, reports the vesting and subsequent tax withholding of restricted stock units.
Summary
- On February 28, 2025, Thomas Arnst, an executive at Tenet Healthcare Corp, reported transactions involving common stock and restricted stock units.
- Specifically, restricted stock units from grants in February 2024 and March 2023 vested and converted into common stock on a one-for-one basis.
- A total of 5,604 restricted stock units from the 2024 grant and 5,598 restricted stock units from the 2023 grant vested.
- 4,409 shares were withheld for payment of taxes upon the vesting of these restricted stock units at a price of $126.59 per share.
- Following these transactions, Arnst directly owns 25,786 shares of Tenet Healthcare Corp common stock and 16,807 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and stock ownership, with no inherently positive or negative implications for the company's overall performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 2023-03-01 | Restricted stock units were granted pursuant to the 2019 Stock Incentive Plan. |
| 2024-02-28 | Restricted stock units were granted pursuant to the 2019 Stock Incentive Plan. |
| 2025-02-28 | Vesting of restricted stock units and subsequent tax withholding. |
| 2025-03-03 | Date of transaction for shares withheld for payment of taxes. |
| 2025-03-04 | Date of signature for the Form 4 filing. |
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