Tenet director plans $3.2M stock sale
A Tenet Healthcare director filed a Rule 144 notice for a potential sale of 12,010 common shares acquired via restricted stock vesting.
Rhea-AI Filing Summary
TENET HEALTHCARE CORP (THC) received a Rule 144 notice covering a proposed sale of up to 12,010 shares of common stock held for the account of director Kerrey J. Robert. The shares, acquired through restricted stock vesting in May 2019 and May 2020 as compensation, may be sold through Fidelity Brokerage Services LLC on the NYSE.
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Key Figures
Shares to be sold: 12,010 shares
Aggregate market value: $3,212,675.00
Shares outstanding: 80,519,000 shares
+3 more
6 metrics
Shares to be sold
12,010 shares
Maximum number of Tenet Healthcare common shares covered by the Rule 144 notice
Aggregate market value
$3,212,675.00
Aggregate market value of the 12,010 shares proposed to be sold
Shares outstanding
80,519,000 shares
Tenet Healthcare common shares outstanding as referenced in the Form 144
Shares from 2019 vesting
5,784 shares
Restricted stock vested on May 13, 2019 classified as compensation
Shares from 2020 vesting
6,226 shares
Restricted stock vested on May 5, 2020 classified as compensation
Planned sale date
September 14, 2026
Approximate date of sale listed for the Rule 144 transaction
Key Terms
Rule 144, Restricted Stock Vesting, compensation, Aggregate Market Value
4 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock Vesting financial
"Common | 05/13/2019 | Restricted Stock Vesting | Issuer"
Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.
compensation financial
"5784 | 05/13/2019 | Compensation"
Aggregate Market Value financial
"Common | Fidelity Brokerage Services LLC ... | 3212675.00"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 144 filing mean for TENET HEALTHCARE (THC)?
The filing reports a proposed sale of up to 12,010 shares of Tenet Healthcare common stock for the account of director Kerrey J. Robert under Rule 144, indicating potential secondary market sales by an affiliate, not an issuance of new shares by the company.
AI-generated analysis. How Rhea-AI works. Not financial advice.