THC Form 4: Sun Park RSUs Vest, 8,813 Shares Withheld for Taxes
Rhea-AI Filing Summary
Tenet Healthcare exec Sun Park had 20,707 restricted stock units (RSUs) convert into common stock on 08/13/2025 after a relocation-based vesting condition was met. The RSUs convert one-for-one into common shares, bringing Park's post-transaction direct beneficial ownership to 23,392 shares. To cover taxes on vesting, 8,813 shares were withheld at an effective value of $171.87 per share, leaving 14,579 shares retained. The RSUs were originally granted on July 17, 2023 under the 2019 Stock Incentive Plan and exercised via standard vesting mechanics.
Positive
- Vesting demonstrates alignment of executive compensation with company objectives via the 2019 Stock Incentive Plan
- RSUs converted one-for-one to common stock, increasing the reporting person's direct ownership to 23,392 shares
Negative
- 8,813 shares withheld for taxes reduced the net number of shares added from the vesting event to 14,579 shares
- No cash purchase was reported; the transaction is a compensation vesting event rather than a market purchase that would signal additional insider conviction
Insights
TL;DR RSU vesting triggered by a relocation condition caused an equity increase and a tax-withholding disposition; this is a routine insider issuance tied to compensation.
The transaction reflects standard compensation enforcement: restricted stock units granted under the 2019 Stock Incentive Plan vested when a specified relocation condition was satisfied. The conversion is one-for-one into common shares and the withholding of 8,813 shares to satisfy tax obligations is consistent with Rule 16b-3 practices. There is no indication of sales or open-market dispositions; the change is purely a compensation realization event.
TL;DR Vesting increased insider-owned shares by 20,707 gross; net additions were 14,579 shares after tax withholding at a $171.87 closing price.
From an ownership perspective, the reporting person’s direct holdings rose to 23,392 shares following conversion. The withheld 8,813 shares represent a material portion of the vested award but do not constitute a sale for liquidity; they are a tax-remittance mechanism. The transaction does not disclose any cash proceeds to the reporting person and appears non-dilutive beyond usual share issuance for compensation.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2023 July Restricted Stock Units | 20,707 | $0.00 | $0.00 |
| Exercise | Common Stock | 20,707 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 8,813 | $171.87 | $1.51M |
Footnotes (4)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. Shares withheld for payment of taxes upon vesting of restricted stock units in accordance with Rule 16b-3.
- F3. Represents the closing price of the common stock of the Issuer on August 13, 2025.
- F4. The restricted stock units were granted on July 17, 2023, pursuant to the 2019 Stock Incentive Plan. The vesting condition that the Reporting Person relocate his primary residence to the Dallas, Texas area was determined to be satisfied on August 13, 2025.
AI-generated analysis. How Rhea-AI works. Not financial advice.
