Company: THC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000070318-25-000009
Chunk: 142

Company: TENET HEALTHCARE CORP
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 142
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 based on the terms of the underlying award agreement. Once the RSUs have vested and the subsequent requisite holding period is met, during specified times, the participant can sell the underlying shares to USPI at their estimated fair market value. At our sole discretion, the purchase of any non‑voting common shares can be made in cash or in shares of Tenet’s common stock.

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The following table presents information about RSU activity under the USPI Management Equity Plan during the years ended December 31, 2024, 2023 and 2022:Number of RSUsWtd. Avg. Grant Date FairValue Per RSUUnvested at December 31, 20211,494,882 $34.13 Vested(369,691)$34.13 Forfeited(202,351)$34.13 Unvested at December 31, 2022922,840 $34.13 Vested(303,171)$34.13 Forfeited(11,685)$34.13 Unvested at December 31, 2023607,984 $34.13 Vested(598,846)$34.13 Forfeited(1,997)$34.13 Cancelled(7,141)$34.13 Unvested at December 31, 2024— $34.13 The accompanying Consolidated Statements of Operations for the years ended December 31, 2024, 2023 and 2022 included $6 million, $20 million and $11 million, respectively, of pre-tax compensation costs related to USPI’s management equity plan. USPI did not make any grants under the USPI Management Equity Plan during the years ended December 31, 2024, 2023 or 2022. In October 2024, USPI repurchased all outstanding non-voting shares at their estimated fair value.

Other Employee Benefit and Retirement PlansEmployee Stock Purchase PlanWe have an employee stock purchase plan under which we are currently authorized to issue up to 4,070 thousand shares of common stock to our eligible employees. As of December 31, 2024, there were approximately 2,468 thousand shares available for issuance under our employee stock purchase plan. Under the terms of the plan, eligible employees may elect to have between 1% and 10% of their base earnings withheld each quarter to purchase shares