Tenet Healthcare (THC) director receives 1,188 RSUs equity grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Fitzgerald Meghan reported acquisition or exercise transactions in this Form 4 filing.

Tenet Healthcare director Meghan Fitzgerald received a grant of 1,188 restricted stock units (RSUs). These 2026 May RSUs were awarded at a stated price of $0.00 per unit as part of the company’s Stock Incentive Plan and are economically equivalent to shares of common stock.

The RSUs vest on the first anniversary of the grant date, aligning compensation with future service. Following this award, Fitzgerald holds 1,188 RSUs directly. She may elect to receive up to 37% of the vested RSUs in cash instead of common shares, making this a routine compensation-related equity grant rather than an open-market trade.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Fitzgerald Meghan

Role null

Type	Security	Shares	Price	Value
Grant/Award	2026 May Restricted Stock Units	1,188	$0.00	--

Holdings After Transaction: 2026 May Restricted Stock Units — 1,188 shares (Direct, null)

Footnotes (1)

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Key Figures

RSUs granted: 1,188 units Grant price per unit: $0.00 RSUs after transaction: 1,188 units +1 more

4 metrics

RSUs granted 1,188 units 2026 May Restricted Stock Units grant to director

Grant price per unit $0.00 Stated transaction price per restricted stock unit

RSUs after transaction 1,188 units Total restricted stock units held following the grant

Cash election limit 37% Maximum proportion of RSUs payable in cash instead of shares

Key Terms

restricted stock units, Stock Incentive Plan, economic equivalent

3 terms

restricted stock units financial

"Represents restricted stock units granted under the Company's Stock Incentive Plan."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Stock Incentive Plan financial

"Represents restricted stock units granted under the Company's Stock Incentive Plan."

A stock incentive plan is a company program that gives employees or directors pieces of ownership or the right to buy shares over time, similar to receiving a bonus paid in company stock instead of cash. Investors pay attention because these plans align staff incentives with long‑term company performance but can also dilute existing shareholders and affect reported profits when grants are expensed, so they influence both ownership percentages and financial results.

economic equivalent financial

"Each restricted stock unit is the economic equivalent of one share of the Company's common stock."

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Form 4 Insider Transactions: What Each Field Means →

05/28/2026 - 08:00 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Fitzgerald Meghan

(Last)

(First)

(Middle)

14201 DALLAS PARKWAY

(Street)

DALLAS

TEXAS

75254

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
TENET HEALTHCARE CORP [ THC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
2026 May Restricted Stock Units	⁽¹⁾	05/27/2026		A		1,188		05/27/2027	05/27/2027	Common Stock	1,188	$0	1,188	D

Explanation of Responses:

1. Represents restricted stock units granted under the Company's Stock Incentive Plan. Each restricted stock unit is the economic equivalent of one share of the Company's common stock. These restricted stock units vest on the first anniversary of the date of grant. The reporting person may elect to receive up to 37% of these restricted stock units in cash in lieu of shares.

	Chad J. Wiener, as Attorney-in-fact for Meghan Fitzgerald	05/28/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Tenet Healthcare (THC) director Meghan Fitzgerald report?

Meghan Fitzgerald reported receiving 1,188 restricted stock units as equity compensation. The award is part of Tenet Healthcare’s Stock Incentive Plan and is economically equivalent to common shares, with vesting tied to continued service over time.

Is Meghan Fitzgerald’s Form 4 for Tenet Healthcare (THC) a stock sale or a grant?

The Form 4 reflects a grant of 1,188 restricted stock units, not a stock sale. These RSUs represent compensation awarded at a stated price of $0.00 per unit, with future vesting instead of an immediate open-market purchase or sale.

When do Meghan Fitzgerald’s 1,188 Tenet Healthcare (THC) RSUs vest?

The 1,188 restricted stock units vest on the first anniversary of the grant date. This means the director must remain in service until that one-year mark for the RSUs to fully vest into the economic equivalent of common shares.

Can any portion of Meghan Fitzgerald’s Tenet Healthcare (THC) RSUs be taken in cash?

Yes. The filing states she may elect to receive up to 37% of these restricted stock units in cash. The remainder would be settled in Tenet Healthcare common stock, providing a mix of potential cash and equity value at vesting.

How many Tenet Healthcare (THC) RSUs does Meghan Fitzgerald hold after this grant?

After this transaction, Fitzgerald holds 1,188 restricted stock units directly. These units are economically equivalent to 1,188 shares of Tenet Healthcare common stock, subject to the vesting schedule and her ability to elect partial cash settlement.