Tenet director exercises 1,333 units, returns shares
Tenet Healthcare director Richard W. Fisher reported routine equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
Tenet Healthcare director Richard W. Fisher reported routine equity compensation activity. On May 22, 2026, he exercised 1,333 restricted stock units into common stock, then disposed of 493 shares back to the issuer at $173.78 per share. A footnote states that 37% of his restricted stock units were settled for cash and 63% for Tenet common shares. Following these transactions, he directly holds 9,632 shares of Tenet Healthcare common stock.
Insider Trade Summary
1,333 shares exercised/converted
Exercise
3 txns
Insider
FISHER RICHARD W
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 — 9,632 shares (Direct)
Footnotes (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
Shares disposed to issuer: 493 shares
Disposition price: $173.78 per share
+2 more
5 metrics
RSUs exercised
1,333 units
Restricted stock units converted to common stock on May 22, 2026
Shares disposed to issuer
493 shares
Disposition to issuer at $173.78 per share on May 22, 2026
Disposition price
$173.78 per share
Price for 493 shares returned to issuer
Shares held after transactions
9,632 shares
Common stock directly owned after May 22, 2026 activity
Cash vs share settlement split
37% cash, 63% shares
Settlement mix for restricted stock units
Key Terms
restricted stock unit, Disposition to issuer, Exercise or conversion of derivative security, derivative security, +1 more
5 terms
restricted stock unit financial
"Each restricted stock unit was the economic equivalent of one share of Tenet Healthcare Corp"
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": "Disposition to issuer""
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
derivative security financial
"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.
Common Stock financial
"underlying_security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Richard W. Fisher report at Tenet Healthcare (THC)?
Richard W. Fisher reported exercising 1,333 restricted stock units into common stock and disposing of 493 shares back to Tenet at $173.78 per share. These transactions reflect routine equity compensation activity rather than an open-market stock trade.
Were Richard W. Fisher’s Tenet Healthcare (THC) transactions open-market sales?
No. The filing shows a Form 4 code D transaction labeled “Disposition to issuer,” meaning 493 shares were returned to Tenet itself at $173.78 per share. The other activity was an M-code exercise of 1,333 restricted stock units.
How were Richard W. Fisher’s Tenet Healthcare restricted stock units settled?
A footnote explains that each restricted stock unit equaled one Tenet share. Fisher settled 37% of his restricted stock units for cash and 63% for shares of Tenet Healthcare common stock, with a total of 1,333 units exercised on May 22, 2026.
What does the M transaction code mean in Richard W. Fisher’s Tenet Healthcare Form 4?
The M code indicates an exercise or conversion of a derivative security. In this case, Fisher exercised 1,333 “2025 May Restricted Stock Units” into Tenet common stock at a stated price of $0.00 per unit, reflecting equity compensation vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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