Tenet Healthcare (NYSE: THC) CFO Sun Park converts 3,800 RSUs into stock

Rhea-AI Filing Summary

Tenet Healthcare EVP & CFO Sun Park reported the vesting and exercise of 3,800 restricted stock units into 3,800 shares of common stock on February 24, 2026, at a price of $0.00 per share. Following these conversions, Park directly holds 18,379 shares of common stock and 7,602 restricted stock units. The RSUs were granted under the 2019 Stock Incentive Plan on February 24, 2025, vesting in three equal annual installments, with the first one-third vesting on February 24, 2026.

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

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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^*

Park Sun

(Last) (First) (Middle)

14201 DALLAS PARKWAY

(Street)

DALLAS TX 75254

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026

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

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

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

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	02/24/2026		M		3,800	A	(1)	18,379	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 Restricted Stock Units	(2)	02/24/2026		M			3,800	(2)	(2)	Common Stock(3)	3,800	$0	7,602	D

Explanation of Responses:

1. Restricted stock units convert into common stock on a one-for-one basis.

2. The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on February 24, 2025, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the first 1/3 increment vested on February 24, 2026.

3. Time-based restricted stock units are settled in shares of the Company's common stock upon vesting.

	Chad J. Wiener, as Attorney-in-fact for Sun Park	02/26/2026
	** 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.
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FAQ

What did Tenet Healthcare (THC) EVP & CFO Sun Park report on this Form 4?

Sun Park reported the vesting and conversion of 3,800 restricted stock units into 3,800 shares of Tenet Healthcare common stock. These were non-cash exercises at $0.00 per share under an existing equity award, not open-market stock purchases or sales.

How many Tenet Healthcare (THC) shares does Sun Park own after this Form 4?

After the reported transactions, Sun Park directly holds 18,379 shares of Tenet Healthcare common stock. He also holds 7,602 remaining restricted stock units, which represent additional potential shares that may be delivered as they vest in the future.

What type of transaction is shown in this Tenet Healthcare (THC) Form 4?

The Form 4 shows an exercise or conversion of derivative securities, coded “M,” where 3,800 restricted stock units converted into 3,800 common shares. This reflects equity award vesting rather than an open-market purchase or sale of stock.

When were Sun Park’s Tenet Healthcare (THC) restricted stock units granted and how do they vest?

The restricted stock units were granted on February 24, 2025 under the 2019 Stock Incentive Plan. They vest in three equal one-third installments on the first, second, and third anniversaries of the grant date, with the first tranche vesting on February 24, 2026.

How are Sun Park’s Tenet Healthcare (THC) restricted stock units settled?

The time-based restricted stock units are settled in shares of Tenet Healthcare common stock upon vesting. As each tranche vests, the corresponding units convert one-for-one into common shares, increasing the executive’s direct stock ownership without requiring cash payment.