Tenet Healthcare (NYSE: THC) director awarded 1,188 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BIERMAN JAMES L reported acquisition or exercise transactions in this Form 4 filing.
Tenet Healthcare Corp director James L. Bierman reported an award of 1,188 restricted stock units tied to the company’s common stock. The units were granted at no cost and are the economic equivalent of 1,188 shares of common stock. These restricted stock units vest on the first anniversary of the grant date. Bierman may elect to receive up to 37% of the vested units in cash instead of shares, with the remainder settled in stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BIERMAN JAMES L
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
Post-transaction RSUs: 1,188 units
Grant price: $0.00 per unit
+4 more
7 metrics
RSUs granted
1,188 units
Restricted stock units granted on 2026-05-27
Post-transaction RSUs
1,188 units
Total derivative units following this grant
Grant price
$0.00 per unit
Award granted at no purchase price
Underlying common shares
1,188 shares
Each RSU equals one Tenet Healthcare common share
Cash election limit
37%
Portion of RSUs that may be settled in cash
Vesting timing
1-year anniversary
RSUs vest on first anniversary of grant date
Exercise/expiration date
2027-05-27
Listed as both exercise and expiration date for units
Key Terms
restricted stock units, Stock Incentive Plan, economic equivalent, vest, +1 more
5 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 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Tenet Healthcare (THC) director James L. Bierman report on this Form 4?
James L. Bierman reported receiving 1,188 restricted stock units as a compensation award. These units are tied to Tenet Healthcare common stock and were granted at no purchase price under the company’s Stock Incentive Plan, increasing his equity-based compensation position.
How many Tenet Healthcare restricted stock units did James L. Bierman receive?
He received 1,188 restricted stock units in this transaction. Each unit represents the economic equivalent of one share of Tenet Healthcare common stock, providing stock-based compensation that will convert into shares or cash once the vesting conditions are met.
When do James L. Bierman’s 1,188 restricted stock units in Tenet Healthcare vest?
The 1,188 restricted stock units vest on the first anniversary of the grant date. Vesting means Bierman will earn the right to receive shares or cash after one year, assuming he continues to meet applicable service or plan conditions.
What does it mean that each Tenet Healthcare restricted stock unit is the economic equivalent of one share?
Each unit delivers the same economic value as one share of common stock when it settles. After vesting, Bierman will receive either shares or cash based on the unit value, aligning his compensation with Tenet Healthcare’s share performance.