Company: THC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000070318-25-000017
Chunk: 12

Company: TENET HEALTHCARE CORP
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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202,045 $78.52 Vested(644,483)$77.55 Forfeited(6,931)$96.00 Unvested at March 31, 20251,596,901 $109.70 During the three months ended March 31, 2025, we granted 284,502 RSUs that will vest ratably over periods ranging from three to four years. In addition, we granted 279,769 performance-based RSUs, the vesting of which is contingent on our achievement of specified performance goals for the years 2025 to 2028. Provided the goals are achieved, the performance‑based RSUs that could vest will range from 0% to 250% of the 279,769 units granted, depending on our level of achievement with respect to the performance goals. During the same period, we issued an additional 202,045 RSUs that vested immediately as a result of our level of achievement with respect to performance-based RSUs granted in 2022.During the three months ended March 31, 2024, we granted 247,136 RSUs that will vest ratably over a three‑year period. In addition, we granted 280,761 performance-based RSUs, the vesting of which is contingent on our achievement of specified performance goals for the years 2024 to 2026. Provided the goals are achieved, the performance‑based RSUs that could vest will range from 0% to 250% of the 280,761 units granted, depending on our level of achievement with respect to the performance goals. During the same period, we issued an additional 204,121 RSUs that vested immediately as a result of our level of achievement with respect to performance-based RSUs granted in 2021.The fair value of an RSU is based on our share price on the grant date. The fair value of an RSU with a market‑based condition is estimated through the use of a Monte Carlo simulation. Significant inputs used in our valuation of these RSUs included the following:Three Months Ended March 31,20252024Expected volatility36.6% - 48.0%34.9% - 52.1%Risk-free interest rate4.1% - 4.3% 4.4% - 4.9% 

10

NOTE 8. EQUITY

The following tables present the changes in consolidated equity (dollars in millions