Tenet Healthcare (NYSE: THC) director lines up $361K share sale
Rhea-AI Filing Summary
TENET HEALTHCARE CORP (THC) is the issuer of common stock that Cecil D. Haney, a director, has notified an intent to sell under Rule 144. The notice covers 1,300 shares of common stock through Fidelity Brokerage Services LLC on the NYSE, with an aggregate market value of $361,439.00 and referencing 80,519,000 shares outstanding and an approximate sale date of 08/24/2026.
The shares to be sold were acquired from the issuer as compensation via restricted stock vesting events of 322 shares on 05/07/2024 and 978 shares on 05/23/2025.
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Negative
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Key Figures
Shares to be sold: 1,300 shares of common stock
Aggregate market value: $361,439.00
Shares outstanding: 80,519,000 shares
+3 more
6 metrics
Shares to be sold
1,300 shares of common stock
Number of TENET HEALTHCARE CORP shares covered by the Rule 144 notice
Aggregate market value
$361,439.00
Aggregate market value of the 1,300 shares proposed to be sold
Shares outstanding
80,519,000 shares
Shares outstanding referenced for TENET HEALTHCARE CORP common stock
Approximate date of sale
08/24/2026
Approximate date of the proposed Rule 144 sale
Restricted stock vesting 1
322 shares
Restricted stock vesting from issuer on 05/07/2024 as compensation
Restricted stock vesting 2
978 shares
Restricted stock vesting from issuer on 05/23/2025 as compensation
Key Terms
Rule 144, Restricted Stock Vesting, attorney-in-fact
3 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 | 05/07/2024 | 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.
attorney-in-fact regulatory
"as attorney-in-fact for Cecil Haney."
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.
FAQ
What does the Form 144 filing disclose for TENET HEALTHCARE CORP (THC)?
It discloses that director Cecil D. Haney intends to sell 1,300 shares of TENET HEALTHCARE CORP common stock under Rule 144 through Fidelity Brokerage Services LLC on the NYSE, with an approximate sale date of 08/24/2026.
Who is acting as broker and attorney-in-fact in this THC Form 144?
Fidelity Brokerage Services LLC is listed as the broker for the sale, and the Form 144 is signed by Joshua Schmitt as a duly authorized representative of Fidelity Brokerage Services LLC, acting as attorney-in-fact for Cecil Haney.
AI-generated analysis. How Rhea-AI works. Not financial advice.