Tenet Healthcare (NYSE: THC) grants 1,188 restricted stock units to director Haney

Rhea-AI Filing Summary

HANEY CECIL D reported acquisition or exercise transactions in this Form 4 filing.

Tenet Healthcare director Cecil D. Haney received a grant of 1,188 restricted stock units as equity compensation. The units were granted at no cash cost and are tied to the company’s common stock on a one-for-one basis. These restricted stock units vest on the first anniversary of the grant date, aligning the director’s compensation with long-term performance. After this award, Haney holds 1,188 restricted stock units directly, and may elect to receive up to 37% of them in cash instead of shares at settlement.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider HANEY CECIL D

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)

1. [object Object]

Key Figures

RSUs granted: 1,188 units Grant price: $0.00 per unit Underlying shares: 1,188 shares +2 more

5 metrics

RSUs granted 1,188 units Restricted stock units granted on 2026-05-27

Grant price $0.00 per unit Equity award, no cash exercise price

Underlying shares 1,188 shares Each RSU equals one share of common stock

Cash election limit Up to 37% Portion of RSUs that may be settled in cash

Post‑grant RSU holdings 1,188 units Total restricted stock units after the transaction

Key Terms

restricted stock units, Stock Incentive Plan, economic equivalent, vest

4 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."

vest financial

"These restricted stock units vest on the first anniversary of the date of grant."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Form 4 Insider Transactions: What Each Field Means →

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^*

HANEY CECIL D

(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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
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 Cecil D. Haney	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)

FAQ

What insider transaction did Tenet Healthcare (THC) report for Cecil D. Haney?

Tenet Healthcare reported that director Cecil D. Haney received a grant of 1,188 restricted stock units. These units are a form of equity compensation that convert into common stock, helping link his rewards to the company’s long-term share performance.

How many Tenet Healthcare (THC) restricted stock units did Cecil D. Haney receive?

Cecil D. Haney received 1,188 restricted stock units tied to Tenet Healthcare common stock. Each unit represents the economic equivalent of one share, providing potential future ownership without an upfront purchase of stock in the market.

When do Cecil D. Haney’s Tenet Healthcare (THC) restricted stock units vest?

The 1,188 restricted stock units granted to Cecil D. Haney vest on the first anniversary of the grant date. Vesting after one year encourages continued board service and aligns his compensation with the company’s longer-term performance and governance goals.

Can Cecil D. Haney receive cash instead of Tenet Healthcare (THC) shares for these units?

Yes. Under the terms of the award, Cecil D. Haney may elect to receive up to 37% of the restricted stock units in cash. The remaining portion would be settled in Tenet Healthcare common shares when the units vest.

What is the economic equivalent of each Tenet Healthcare (THC) restricted stock unit granted to Cecil D. Haney?

Each restricted stock unit granted to Cecil D. Haney is the economic equivalent of one share of Tenet Healthcare common stock. This means the value of each unit tracks the underlying share price at the time of settlement after vesting.

Does Cecil D. Haney hold these Tenet Healthcare (THC) restricted stock units directly or indirectly?

Cecil D. Haney holds the 1,188 restricted stock units directly, as indicated by the direct ownership code. Following this grant, his reported derivative holdings consist of these restricted stock units under the company’s Stock Incentive Plan.