Company: THC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000070318-25-000017
Chunk: 132

Company: TENET HEALTHCARE CORP
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 8
Chunk 132
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urchase of up to $1.500 billion of our common stock through a share repurchase program that has no expiration date. The share repurchase program does not obligate us to acquire any particular amount of common stock, and it may be suspended for periods or discontinued at any time.

These repurchases were made, and any future repurchases will be made, in open-market or privately negotiated transactions, at management’s discretion subject to market conditions and other factors, and in a manner consistent with applicable securities laws and regulations.

The table does not include shares tendered to satisfy the exercise price in connection with cashless exercises of employee stock options or shares tendered to satisfy tax withholding obligations in connection with employee or director equity awards.

ITEM 5. OTHER INFORMATION

(c) Trading Plans

During the three months ended March 31, 2025, one of our directors adopted a “Rule 10b5-1 trading arrangement” (as defined in Item 408 of Regulation S-K); the terms of this arrangement, which is intended to satisfy the affirmative defense conditions of Rule 10b5‑1(c) under the Exchange Act, are as follows:NameTitleAdoption DateExpiration DateAggregate Number of Shares of Common Stock To Be SoldJames L. BiermanDirectorFebruary 20, 2025February 20, 202620,000

Other than as disclosed above, none of our directors or Section 16 officers adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408 of Regulation S-K, during the three months ended March 31, 2025.

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ITEM 6. EXHIBITS 

Unless otherwise indicated, the following exhibits are filed (or, in the case of Exhibit 32, furnished) with this report: 

(31)Rule 13a-14(a)/15d-14(a) Certifications(a)Certification of Saumya Sutaria, M.D., Chief Executive Officer(b)Certification of Sun Park, Executive Vice President and Chief Financial Officer(32)Section 1350 Certifications of Saumya Sutaria, M.D., Chief Executive Officer, and Sun Park, Executive Vice President and Chief Financial Officer(101 SCH)Inline XBRL Taxonomy Extension Schema Document(101 CAL)Inline XBRL Taxonomy Extension Calculation Linkbase Document(101 DEF)Inline XBRL Taxonomy Extension Definition Linkbase Document