Tenet Healthcare (THC) director settles RSUs and returns shares to issuer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tenet Healthcare director J. Robert Kerrey reported routine equity compensation activity involving company stock. He exercised 1,643 restricted stock units, which were each the economic equivalent of one share of Tenet common stock, receiving value partly in cash and partly in shares.
According to the footnote, Kerrey settled 37% of these units for cash and 63% for shares. On the same date, he also disposed of 607 common shares to the issuer in a transaction coded as a disposition to issuer. After these transactions, he directly held 22,442 shares of Tenet common stock, indicating that the activity represents a relatively small adjustment to his overall ownership position.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,643 shares exercised/converted
Mixed
3 txns
Insider
KERREY J ROBERT
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2025 May Restricted Stock Units | 1,643 | $0.00 | -- |
| Exercise | Common Stock | 1,643 | $0.00 | -- |
| Disposition | Common Stock | 607 | $173.78 | $105K |
Holdings After Transaction:
2025 May Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 23,049 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs exercised: 1,643 units
Cash vs share settlement: 37% cash, 63% shares
Shares disposed to issuer: 607 shares at $173.78
+1 more
4 metrics
RSUs exercised
1,643 units
Restricted stock units converted on May 22, 2026
Cash vs share settlement
37% cash, 63% shares
Allocation for 1,643 restricted stock units
Shares disposed to issuer
607 shares at $173.78
Disposition to issuer on May 22, 2026
Post-transaction holdings
22,442 shares
Common stock directly held after transactions
Key Terms
restricted stock unit, Disposition to issuer, derivative security, economic equivalent
4 terms
restricted stock unit financial
"Each restricted stock unit was the economic equivalent of one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Disposition to issuer financial
"transaction code description listed as Disposition to issuer"
derivative security financial
"transaction code description 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.
economic equivalent financial
"Each restricted stock unit was the economic equivalent of one share"
FAQ
What insider transactions did Tenet Healthcare (THC) director J. Robert Kerrey report?
J. Robert Kerrey reported exercising 1,643 restricted stock units and disposing of 607 Tenet common shares to the issuer. These actions reflect routine equity compensation activity rather than open-market buying or selling of Tenet Healthcare stock.
How were J. Robert Kerrey’s restricted stock units in Tenet Healthcare (THC) settled?
Kerrey’s restricted stock units were settled using a mix of cash and shares. The footnote states he settled 37% of the units for cash and 63% for Tenet Healthcare common stock, reflecting a standard equity compensation settlement structure.