Tenet Healthcare director settles 1,333 RSUs into stock

Tammy Romo, a director of Tenet Healthcare, exercised 1,333 2025 May restricted stock units into 1,333 shares of common stock on May 22, 2026.

Rhea-AI Filing Summary

Tammy Romo, a director of Tenet Healthcare, exercised 1,333 2025 May restricted stock units into 1,333 shares of common stock on May 22, 2026. A footnote explains that each unit was the economic equivalent of one share and that 37% of the units were settled for cash and 63% for shares.

On the same date, Romo disposed of 493 shares of common stock to the issuer at $173.78 per share. After these transactions, Romo directly holds 35,706 shares of Tenet Healthcare common stock.

Insider Trade Summary

1,333 shares exercised/converted

Exercise 3 txns

Insider Romo Tammy

Role Director

Type	Security	Shares	Price	Value
Exercise	2025 May Restricted Stock Units	1,333	$0.00	$0.00
Exercise	Common Stock	1,333	$0.00	$0.00
Disposition	Common Stock	493	$173.78	$86K

Holdings After Transaction: 2025 May Restricted Stock Units — 0 contracts (Direct); Common Stock — 35,706 shares (Direct)

Footnotes (1)

1. F1. Each restricted stock unit was the economic equivalent of one share of Tenet Healthcare Corp (THC) common stock. The reporting person settled 37% of his restricted stock units for cash and 63% for shares of THC common stock.

Key Figures

RSUs exercised: 1,333 units Common shares acquired: 1,333 shares Shares disposed to issuer: 493 shares +2 more

5 metrics

RSUs exercised 1,333 units 2025 May Restricted Stock Units exercised on May 22, 2026

Common shares acquired 1,333 shares Common stock received upon RSU settlement on May 22, 2026

Shares disposed to issuer 493 shares Disposition of common stock to issuer at $173.78 per share on May 22, 2026

Disposition price $173.78 per share Per-share price for the 493-share disposition to issuer

Post-transaction holdings 35,706 shares Direct Tenet Healthcare common stock held after reported transactions

Key Terms

restricted stock units, economic equivalent, disposition to issuer, derivative security

4 terms

restricted stock units financial

"Each restricted stock unit was the economic equivalent of one share"

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.

economic equivalent financial

"Each restricted stock unit was the economic equivalent of one share"

disposition to issuer financial

"Transaction code description notes a disposition to issuer"

derivative security financial

"Described as an exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Tenet Healthcare (THC) director Tammy Romo report?

Tammy Romo reported exercising 1,333 restricted stock units into 1,333 Tenet Healthcare common shares on May 22, 2026, and disposing of 493 shares to the issuer at $173.78 per share the same day, changing her direct shareholdings.

How many restricted stock units did Tammy Romo of THC settle and into how many shares?

She exercised 1,333 restricted stock units, each economically equivalent to one share, into 1,333 Tenet Healthcare common shares. A footnote states that these units were settled partly for cash and partly for stock, with 37% settled in cash and 63% in shares.

How many Tenet Healthcare (THC) shares did Tammy Romo dispose of, and at what price?

Tammy Romo disposed of 493 Tenet Healthcare common shares to the issuer at $173.78 per share on May 22, 2026. The transaction is characterized as a disposition to the issuer rather than an open-market sale.

How many Tenet Healthcare (THC) shares does Tammy Romo hold after these transactions?

After the reported transactions, Tammy Romo directly holds 35,706 shares of Tenet Healthcare common stock. This post-transaction balance reflects the net effect of the restricted stock unit exercise and the disposition of 493 shares to the issuer.

Were Tammy Romo’s THC transactions reported as under a Rule 10b5-1 trading plan?

The Rule 10b5-1 checkbox in the disclosure was not selected, so the transactions were not reported as made under a Rule 10b5-1 trading plan. No accompanying footnote describes them as executed pursuant to a pre-arranged trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/26/2026 - 08:00 PM EDT Learn about SEC filing dates

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^*

Romo Tammy

(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)
05/22/2026

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
Common Stock	05/22/2026		M		1,333	A	(1)	36,199	D
Common Stock	05/22/2026		D		493	D	$173.78	35,706	D

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
2025 May Restricted Stock Units	(1)	05/22/2026		M			1,333	05/22/2026	05/22/2026	Common Stock	1,333	(1)	0	D

Explanation of Responses:

1. Each restricted stock unit was the economic equivalent of one share of Tenet Healthcare Corp (THC) common stock. The reporting person settled 37% of his restricted stock units for cash and 63% for shares of THC common stock.

	Chad J. Wiener, as Attorney-in-fact for Tammy Romo	05/26/2026
	** 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)