Director at Tenet Healthcare (NYSE: THC) receives 1,188 RSU award

Rhea-AI Filing Summary

Romo Tammy reported acquisition or exercise transactions in this Form 4 filing.

Tammy Romo, a director of Tenet Healthcare, received a grant of 1,188 restricted stock units under the company’s Stock Incentive Plan. Each unit is the economic equivalent of one common share.

The units vest on the first anniversary of the grant, and she may elect to receive up to 37% of them in cash instead of shares, leaving her reported derivative holdings at 1,188 units.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Romo Tammy

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 Underlying common shares: 1,188 shares Cash election limit: 37% of RSUs +1 more

4 metrics

RSUs granted 1,188 units Restricted stock units awarded to director on grant date

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

Cash election limit 37% of RSUs Portion of units that may be settled in cash instead of shares

Total RSUs after grant 1,188 units Director’s reported derivative holdings following this 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^*

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)
05/27/2026

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 Tammy Romo	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 did Tenet Healthcare (THC) director Tammy Romo receive in this Form 4?

Tammy Romo received a grant of 1,188 restricted stock units under Tenet Healthcare’s Stock Incentive Plan. Each unit is economically equivalent to one share of common stock, representing equity-based compensation rather than a market purchase of existing shares.

When do Tammy Romo’s newly granted Tenet Healthcare RSUs vest?

The 1,188 restricted stock units granted to Tammy Romo vest on the first anniversary of the grant date. This time-based vesting schedule ties her compensation to continued service as a director over the one-year period following the award.

Can Tammy Romo take part of her Tenet Healthcare RSU grant in cash?

Yes. Tammy Romo may elect to receive up to 37% of the granted restricted stock units in cash instead of shares. The remaining portion, if not elected as cash, would settle in Tenet Healthcare common stock upon vesting.

How many Tenet Healthcare RSUs does Tammy Romo hold after this transaction?

Following this grant, Tammy Romo is reported as holding 1,188 restricted stock units. These units are derivatives tied to Tenet Healthcare common stock and will convert into cash and/or shares according to her election and the plan terms at vesting.

Is Tammy Romo’s Tenet Healthcare Form 4 a stock purchase or a compensation grant?

This Form 4 reflects a compensation grant, not an open-market stock purchase. The 1,188 restricted stock units were awarded under Tenet Healthcare’s Stock Incentive Plan with a zero grant price, consistent with typical director equity compensation practices.