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Arnst Thomas W

Disclosed activity across 1 company

Tapewire entity
61937
SEC CIK
0001852128

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Reported relationships

Latest disclosed role at each company.

CompanyLast reported asReport datePublished
TENET HEALTHCARE CORPTHC · Entity 2563EVP, Chief Admin. Officer & GCMarch 09, 2026March 11, 2026

Disclosed balances

About these balances

Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.

TENET HEALTHCARE CORP

Report date March 09, 2026 · Filed March 11, 2026

Security / awardOwnership accountDisclosed shares / unitsDisclosure context
Common StockSEC Table I · non-derivativeDirect12 Ending reported balance After 2026-03-09 transaction · row 2
2 source rows · reconciled sequence

Row 1 · 2026-03-09 · Sale · Disposed 4,714 · Balance 3,298

F1: The price is the weighted average sales price of the aggregate number of shares that were sold by the reporting person. These shares were sold in multiple transactions at prices ranging from $238.13 to $238.68.

F2: The reporting person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

Row 2 · 2026-03-09 · Sale · Disposed 3,286 · Balance 12

F2: The reporting person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

F3: The price is the weighted average sales price of the aggregate number of shares that were sold by the reporting person. These shares were sold in multiple transactions at prices ranging from $239.25 to $239.59.

Filing footnotes · ownership attribution and instrument terms

F1: The price is the weighted average sales price of the aggregate number of shares that were sold by the reporting person. These shares were sold in multiple transactions at prices ranging from $238.13 to $238.68.

F2: The reporting person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

F3: The price is the weighted average sales price of the aggregate number of shares that were sold by the reporting person. These shares were sold in multiple transactions at prices ranging from $239.25 to $239.59.

Transaction history

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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateCompanyActivity / securityShares / unitsReported priceReported valueDetails
March 09, 2026 Filed Mar 11, 2026 00:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 SaleCommon Stock 3,286 $239.46 $786,865.56
Disclosure

SEC source: 0001193125-26-100724 · ownership.xml · nonDerivative · entry 2

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12

F2 · price: The reporting person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

F3 · price: The price is the weighted average sales price of the aggregate number of shares that were sold by the reporting person. These shares were sold in multiple transactions at prices ranging from $239.25 to $239.59.

Read SEC document
March 09, 2026 Filed Mar 11, 2026 00:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 SaleCommon Stock 4,714 $238.42 $1,123,911.88
Disclosure

SEC source: 0001193125-26-100724 · ownership.xml · nonDerivative · entry 1

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,298

F1 · price: The price is the weighted average sales price of the aggregate number of shares that were sold by the reporting person. These shares were sold in multiple transactions at prices ranging from $238.13 to $238.68.

F2 · price: The reporting person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

Read SEC document
March 02, 2026 Filed Mar 4, 2026 01:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 SaleCommon Stock 24,000 $234.04 $5,616,960.00
Disclosure

SEC source: 0001193125-26-089408 · ownership.xml · nonDerivative · entry 6

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 8,012

F10 · price: The price is the weighted average sales price of the aggregate number of shares that were sold by the reporting person. These shares were sold in multiple transactions at prices ranging from $234.00 to $234.34. The reporting person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

Read SEC document
February 27, 2026 Filed Mar 4, 2026 01:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 Exercise / conversion2023 March Restricted Stock Units · Derivative 5,598 $0.00 $0.00
Disclosure

SEC source: 0001193125-26-089408 · ownership.xml · derivative · entry 9

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 5,598 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F9 · derivative.exercise_price: The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on March 1, 2023, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the third 1/3 increment vested on February 27, 2026 (the business day prior to March 1, 2026, which fell on a weekend).

F9 · derivative.exercise_date: The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on March 1, 2023, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the third 1/3 increment vested on February 27, 2026 (the business day prior to March 1, 2026, which fell on a weekend).

F9 · derivative.expiration_date: The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on March 1, 2023, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the third 1/3 increment vested on February 27, 2026 (the business day prior to March 1, 2026, which fell on a weekend).

F8 · derivative.underlying: Time-based restricted stock units are settled in shares of the Company's common stock upon vesting.

Read SEC document
February 27, 2026 Filed Mar 4, 2026 01:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 Exercise / conversion2024 February Restricted Stock Units · Derivative 5,604 $0.00 $0.00
Disclosure

SEC source: 0001193125-26-089408 · ownership.xml · derivative · entry 8

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,605

Underlying: Common Stock · 5,604 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F7 · derivative.exercise_price: The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on February 28, 2024, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the second 1/3 increment vested on February 27, 2026 (the business day prior to February 28, 2026, which fell on a weekend).

F7 · derivative.exercise_date: The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on February 28, 2024, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the second 1/3 increment vested on February 27, 2026 (the business day prior to February 28, 2026, which fell on a weekend).

F7 · derivative.expiration_date: The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on February 28, 2024, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the second 1/3 increment vested on February 27, 2026 (the business day prior to February 28, 2026, which fell on a weekend).

F8 · derivative.underlying: Time-based restricted stock units are settled in shares of the Company's common stock upon vesting.

Read SEC document
February 27, 2026 Filed Mar 4, 2026 01:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 Grant2026 February Restricted Stock Units · Derivative 7,520 $0.00 $0.00
Disclosure

SEC source: 0001193125-26-089408 · ownership.xml · derivative · entry 7

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 7,520

Underlying: Common Stock · 7,520 shares

Expires not disclosed

F6 · derivative.exercise_price: These time-based restricted stock units vest in one-third increments on each of the first, second and third anniversaries of the date of grant. Restricted stock units are settled in shares of the Company's common stock upon vesting.

F6 · derivative.exercise_date: These time-based restricted stock units vest in one-third increments on each of the first, second and third anniversaries of the date of grant. Restricted stock units are settled in shares of the Company's common stock upon vesting.

F6 · derivative.expiration_date: These time-based restricted stock units vest in one-third increments on each of the first, second and third anniversaries of the date of grant. Restricted stock units are settled in shares of the Company's common stock upon vesting.

Read SEC document
February 27, 2026 Filed Mar 4, 2026 01:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 Tax withholdingCommon Stock 14,870 $239.39 $3,559,729.30
Disclosure

SEC source: 0001193125-26-089408 · ownership.xml · nonDerivative · entry 5

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 32,012

F2 · shares: Reflects shares delivered by reporting person to satisfy withholding taxes due upon vesting of performance share units.

F5 · price: Represents the closing price of the common stock of the Issuer on February 27, 2026.

Read SEC document
February 27, 2026 Filed Mar 4, 2026 01:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 Tax withholdingCommon Stock 4,409 $239.39 $1,055,470.51
Disclosure

SEC source: 0001193125-26-089408 · ownership.xml · nonDerivative · entry 4

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 46,882

F4 · shares: Shares withheld for payment of taxes upon vesting of restricted stock units in accordance with Rule 16b-3.

F5 · price: Represents the closing price of the common stock of the Issuer on February 27, 2026.

Read SEC document
February 27, 2026 Filed Mar 4, 2026 01:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 Tax withholdingCommon Stock 1,496 $237.58 $355,419.68
Disclosure

SEC source: 0001193125-26-089408 · ownership.xml · nonDerivative · entry 3

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 51,291

F2 · shares: Reflects shares delivered by reporting person to satisfy withholding taxes due upon vesting of performance share units.

F3 · price: Represents the closing price of the common stock of the Issuer on the vesting date for the award.

Read SEC document
February 27, 2026 Filed Mar 4, 2026 01:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 Exercise / conversionCommon Stock 5,598 Not disclosed Not disclosed
Disclosure

SEC source: 0001193125-26-089408 · ownership.xml · nonDerivative · entry 2

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 52,787

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Restricted stock units convert into common stock on a one-for-one basis.

Read SEC document
February 27, 2026 Filed Mar 4, 2026 01:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 Exercise / conversionCommon Stock 5,604 Not disclosed Not disclosed
Disclosure

SEC source: 0001193125-26-089408 · ownership.xml · nonDerivative · entry 1

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 47,189

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Restricted stock units convert into common stock on a one-for-one basis.

Read SEC document
February 24, 2026 Filed Feb 27, 2026 01:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 Exercise / conversion2025 Restricted Stock Units · Derivative 3,800 $0.00 $0.00
Disclosure

SEC source: 0001193125-26-078286 · ownership.xml · derivative · entry 2

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 7,602

Underlying: Common Stock · 3,800 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on February 24, 2025, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the first 1/3 increment vested on February 24, 2026.

F2 · derivative.exercise_date: The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on February 24, 2025, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the first 1/3 increment vested on February 24, 2026.

F2 · derivative.expiration_date: The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on February 24, 2025, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the first 1/3 increment vested on February 24, 2026.

F3 · derivative.underlying: Time-based restricted stock units are settled in shares of the Company's common stock upon vesting.

Read SEC document
February 24, 2026 Filed Feb 27, 2026 01:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 Exercise / conversionCommon Stock 3,800 Not disclosed Not disclosed
Disclosure

SEC source: 0001193125-26-078286 · ownership.xml · nonDerivative · entry 1

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 41,585

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Restricted stock units convert into common stock on a one-for-one basis.

Read SEC document
February 13, 2026 Filed Feb 18, 2026 01:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 GrantCommon Stock 37,785 $0.00 $0.00
Disclosure

SEC source: 0001193125-26-055524 · ownership.xml · nonDerivative · entry 1

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 37,785

F1 · kind: Represents a grant of performance-based restricted stock that was earned on the date the Human Resources Committee of the Company certified the achievement of the applicable performance targets based on the extent to which the applicable performance goals were attained for the performance period of January 1, 2023 to December 31, 2025.

Read SEC document
May 21, 2025 Filed May 24, 2025 00:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 SaleCommon Stock 9,786 $166.00 $1,624,476.00
Disclosure

SEC source: 0000950170-25-077250 · ownership.xml · nonDerivative · entry 1

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Read SEC document
March 11, 2025 Filed Mar 12, 2025 23:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 GiftCommon Stock 16,000 $0.00 $0.00
Disclosure

SEC source: 0000950170-25-038211 · ownership.xml · nonDerivative · entry 1

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,786

F1 · kind: The reported transaction involves a transfer of securities by gift for no consideration.

Read SEC document
March 03, 2025 Filed Mar 5, 2025 00:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 Tax withholdingCommon Stock 4,409 $126.59 $558,135.31
Disclosure

SEC source: 0000950170-25-032671 · ownership.xml · nonDerivative · entry 3

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 25,786

F2 · shares: Shares withheld for payment of taxes upon vesting of restricted stock units in accordance with Rule 16b-3.

F3 · price: Represents the closing price of the common stock of the Issuer on February 28, 2025.

Read SEC document
February 28, 2025 Filed Mar 5, 2025 00:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 Exercise / conversion2023 March Restricted Stock Units · Derivative 5,598 $0.00 $0.00
Disclosure

SEC source: 0000950170-25-032671 · ownership.xml · derivative · entry 5

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,598

Underlying: Common Stock · 5,598 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F6 · derivative.exercise_price: The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on March 1, 2023, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the second 1/3 increment vested on February 28, 2025 (the business day prior to March 1, 2025, which fell on a weekend).

F6 · derivative.exercise_date: The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on March 1, 2023, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the second 1/3 increment vested on February 28, 2025 (the business day prior to March 1, 2025, which fell on a weekend).

F6 · derivative.expiration_date: The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on March 1, 2023, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the second 1/3 increment vested on February 28, 2025 (the business day prior to March 1, 2025, which fell on a weekend).

F5 · derivative.underlying: Time-based restricted stock units are settled in shares of the Company's common stock upon vesting.

Read SEC document
February 28, 2025 Filed Mar 5, 2025 00:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 Exercise / conversion2024 February Restricted Stock Units · Derivative 5,604 $0.00 $0.00
Disclosure

SEC source: 0000950170-25-032671 · ownership.xml · derivative · entry 4

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 11,209

Underlying: Common Stock · 5,604 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · derivative.exercise_price: The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on February 28, 2024, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the first 1/3 increment vested on February 28, 2025.

F4 · derivative.exercise_date: The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on February 28, 2024, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the first 1/3 increment vested on February 28, 2025.

F4 · derivative.expiration_date: The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on February 28, 2024, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the first 1/3 increment vested on February 28, 2025.

F5 · derivative.underlying: Time-based restricted stock units are settled in shares of the Company's common stock upon vesting.

Read SEC document
February 28, 2025 Filed Mar 5, 2025 00:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 Exercise / conversionCommon Stock 5,598 Not disclosed Not disclosed
Disclosure

SEC source: 0000950170-25-032671 · ownership.xml · nonDerivative · entry 2

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 30,195

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Restricted stock units convert into common stock on a one-for-one basis.

Read SEC document
February 28, 2025 Filed Mar 5, 2025 00:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 Exercise / conversionCommon Stock 5,604 Not disclosed Not disclosed
Disclosure

SEC source: 0000950170-25-032671 · ownership.xml · nonDerivative · entry 1

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 24,597

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Restricted stock units convert into common stock on a one-for-one basis.

Read SEC document
February 24, 2025 Filed Feb 26, 2025 23:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 Grant2025 February Restricted Stock Units · Derivative 11,402 $0.00 $0.00
Disclosure

SEC source: 0000950170-25-028026 · ownership.xml · derivative · entry 1

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 11,402

Underlying: Common Stock · 11,402 shares

Expires not disclosed

F1 · derivative.exercise_price: These time-based restricted stock units vest in one-third increments on each of the first, second and third anniversaries of the date of grant. Restricted stock units are settled in shares of the Company's common stock upon vesting.

F1 · derivative.exercise_date: These time-based restricted stock units vest in one-third increments on each of the first, second and third anniversaries of the date of grant. Restricted stock units are settled in shares of the Company's common stock upon vesting.

F1 · derivative.expiration_date: These time-based restricted stock units vest in one-third increments on each of the first, second and third anniversaries of the date of grant. Restricted stock units are settled in shares of the Company's common stock upon vesting.

Read SEC document
February 21, 2025 Filed Feb 26, 2025 01:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 Exercise / conversion2022 Restricted Stock Units · Derivative 4,214 $0.00 $0.00
Disclosure

SEC source: 0000950170-25-027080 · ownership.xml · derivative · entry 4

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 4,214 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_price: The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on February 23, 2022, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the third 1/3 increment vested on February 21, 2025, (the business day prior to February 23, 2025, which fell on a weekend).

F5 · derivative.exercise_date: The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on February 23, 2022, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the third 1/3 increment vested on February 21, 2025, (the business day prior to February 23, 2025, which fell on a weekend).

F5 · derivative.expiration_date: The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on February 23, 2022, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the third 1/3 increment vested on February 21, 2025, (the business day prior to February 23, 2025, which fell on a weekend).

F6 · derivative.underlying: Time-based restricted stock units are settled in shares of the Company's common stock upon vesting.

Read SEC document
February 21, 2025 Filed Feb 26, 2025 01:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 Tax withholdingCommon Stock 8,806 $129.60 $1,141,257.60
Disclosure

SEC source: 0000950170-25-027080 · ownership.xml · nonDerivative · entry 3

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 18,993

F4 · shares: Reflects shares delivered by reporting person to satisfy withholding taxes due upon vesting of performance share units.

F3 · price: Represents the closing price of the common stock of the Issuer on February 21, 2025.

Read SEC document
February 21, 2025 Filed Feb 26, 2025 01:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 Tax withholdingCommon Stock 1,659 $129.60 $215,006.40
Disclosure

SEC source: 0000950170-25-027080 · ownership.xml · nonDerivative · entry 2

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 27,799

F2 · shares: Shares withheld for payment of taxes upon vesting of restricted stock units in accordance with Rule 16b-3.

F3 · price: Represents the closing price of the common stock of the Issuer on February 21, 2025.

Read SEC document
February 21, 2025 Filed Feb 26, 2025 01:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 Exercise / conversionCommon Stock 4,214 Not disclosed Not disclosed
Disclosure

SEC source: 0000950170-25-027080 · ownership.xml · nonDerivative · entry 1

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 29,458

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Restricted stock units convert into common stock on a one-for-one basis.

Read SEC document
February 11, 2025 Filed Feb 13, 2025 23:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 GrantCommon Stock 25,244 $0.00 $0.00
Disclosure

SEC source: 0000950170-25-020094 · ownership.xml · nonDerivative · entry 1

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 25,244

F1 · kind: Represents a grant of performance-based restricted stock that was earned on the date the Human Resources Committee of the Company certified the achievement of the applicable performance targets based on the extent to which the applicable performance goals were attained for the performance period of January 1, 2022 to December 31, 2024.

Read SEC document
May 01, 2024 Filed May 4, 2024 00:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 SaleCommon Stock 200 $119.81 $23,962.00
Disclosure

SEC source: 0000950170-24-053149 · ownership.xml · nonDerivative · entry 7

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

F2 · price: The reporting person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

F8 · price: The price is the weighted average sales price of the aggregate number of shares that were sold by the reporting person. These shares were sold in multiple transactions at prices ranging from $119.75 to $119.87.

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May 01, 2024 Filed May 4, 2024 00:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 SaleCommon Stock 300 $118.80 $35,640.00
Disclosure

SEC source: 0000950170-24-053149 · ownership.xml · nonDerivative · entry 6

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 200

F2 · price: The reporting person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

F7 · price: The price is the weighted average sales price of the aggregate number of shares that were sold by the reporting person. These shares were sold in multiple transactions at prices ranging from $118.65 to $118.89.

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May 01, 2024 Filed May 4, 2024 00:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 SaleCommon Stock 400 $117.82 $47,128.00
Disclosure

SEC source: 0000950170-24-053149 · ownership.xml · nonDerivative · entry 5

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 500

F2 · price: The reporting person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

F6 · price: The price is the weighted average sales price of the aggregate number of shares that were sold by the reporting person. These shares were sold in multiple transactions at prices ranging from $117.59 to $118.42.

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May 01, 2024 Filed May 4, 2024 00:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 SaleCommon Stock 2,000 $116.89 $233,780.00
Disclosure

SEC source: 0000950170-24-053149 · ownership.xml · nonDerivative · entry 4

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 900

F2 · price: The reporting person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

F5 · price: The price is the weighted average sales price of the aggregate number of shares that were sold by the reporting person. These shares were sold in multiple transactions at prices ranging from $116.42 to $117.38.

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May 01, 2024 Filed May 4, 2024 00:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 SaleCommon Stock 2,915 $115.98 $338,081.70
Disclosure

SEC source: 0000950170-24-053149 · ownership.xml · nonDerivative · entry 3

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,900

F2 · price: The reporting person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

F4 · price: The price is the weighted average sales price of the aggregate number of shares that were sold by the reporting person. These shares were sold in multiple transactions at prices ranging from $115.41 to $116.38.

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May 01, 2024 Filed May 4, 2024 00:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 SaleCommon Stock 1,802 $114.87 $206,995.74
Disclosure

SEC source: 0000950170-24-053149 · ownership.xml · nonDerivative · entry 2

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,815

F2 · price: The reporting person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

F3 · price: The price is the weighted average sales price of the aggregate number of shares that were sold by the reporting person. These shares were sold in multiple transactions at prices ranging from $114.31 to $115.28.

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May 01, 2024 Filed May 4, 2024 00:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 SaleCommon Stock 531 $113.76 $60,406.56
Disclosure

SEC source: 0000950170-24-053149 · ownership.xml · nonDerivative · entry 1

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 7,617

F1 · price: The price is the weighted average sales price of the aggregate number of shares that were sold by the reporting person. These shares were sold in multiple transactions at prices ranging from $113.17 to $114.16.

F2 · price: The reporting person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

Read SEC document
March 01, 2024 Filed Mar 6, 2024 01:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 Exercise / conversion2023 March Restricted Stock Units · Derivative 5,597 $0.00 $0.00
Disclosure

SEC source: 0000950170-24-026610 · ownership.xml · derivative · entry 6

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 11,196

Underlying: Common Stock · 5,597 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on March 1, 2023, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the first 1/3 increment vested on March 1, 2024.

F1 · derivative.exercise_date: The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on March 1, 2023, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the first 1/3 increment vested on March 1, 2024.

F1 · derivative.expiration_date: The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on March 1, 2023, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the first 1/3 increment vested on March 1, 2024.

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March 01, 2024 Filed Mar 6, 2024 01:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 SaleCommon Stock 3,099 $95.48 $295,892.52
Disclosure

SEC source: 0000950170-24-026610 · ownership.xml · nonDerivative · entry 5

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 8,148

F7 · price: The price is the weighted average sales price of the aggregate number of shares that were sold by the reporting person. These shares were sold in multiple transactions at prices ranging from $95.40 to $95.62. The reporting person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

Read SEC document
March 01, 2024 Filed Mar 6, 2024 01:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 SaleCommon Stock 9,925 $94.96 $942,478.00
Disclosure

SEC source: 0000950170-24-026610 · ownership.xml · nonDerivative · entry 4

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 11,247

F6 · price: The price is the weighted average sales price of the aggregate number of shares that were sold by the reporting person. These shares were sold in multiple transactions at prices ranging from $94.395 to $95.37. The reporting person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

Read SEC document
March 01, 2024 Filed Mar 6, 2024 01:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 SaleCommon Stock 3,976 $94.03 $373,863.28
Disclosure

SEC source: 0000950170-24-026610 · ownership.xml · nonDerivative · entry 3

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 21,172

F5 · price: The price is the weighted average sales price of the aggregate number of shares that were sold by the reporting person. These shares were sold in multiple transactions at prices ranging from $93.395 to $94.39. The reporting person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

Read SEC document
March 01, 2024 Filed Mar 6, 2024 01:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 Tax withholdingCommon Stock 2,203 $94.29 $207,720.87
Disclosure

SEC source: 0000950170-24-026610 · ownership.xml · nonDerivative · entry 2

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 25,148

F3 · shares: Shares withheld for payment of taxes upon vesting of restricted stock units in accordance with Rule 16b-3.

F4 · price: Represents the closing price of the common stock of the Issuer on March 1, 2024.

Read SEC document
March 01, 2024 Filed Mar 6, 2024 01:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 Exercise / conversionCommon Stock 5,597 Not disclosed Not disclosed
Disclosure

SEC source: 0000950170-24-026610 · ownership.xml · nonDerivative · entry 1

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 27,351

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · price: Restricted stock units convert into common stock on a one-for-one basis.

Read SEC document
February 28, 2024 Filed Mar 2, 2024 01:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 Grant2024 February Restricted Stock Units · Derivative 16,813 $0.00 $0.00
Disclosure

SEC source: 0000950170-24-024248 · ownership.xml · derivative · entry 1

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 16,813

Underlying: Common Stock · 16,813 shares

Expires not disclosed

F1 · derivative.exercise_price: These time-based restricted stock units vest in one-third increments on each of the first, second and third anniversaries of the date of grant. Restricted stock units are settled in shares of the Company's common stock upon vesting.

F1 · derivative.exercise_date: These time-based restricted stock units vest in one-third increments on each of the first, second and third anniversaries of the date of grant. Restricted stock units are settled in shares of the Company's common stock upon vesting.

F1 · derivative.expiration_date: These time-based restricted stock units vest in one-third increments on each of the first, second and third anniversaries of the date of grant. Restricted stock units are settled in shares of the Company's common stock upon vesting.

Read SEC document
February 24, 2024 Filed Feb 28, 2024 01:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 Exercise / conversion2021 Restricted Stock Units · Derivative 4,156 $0.00 $0.00
Disclosure

SEC source: 0000950170-24-021573 · ownership.xml · derivative · entry 7

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 4,156 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_price: The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on February 24, 2021, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the third 1/3 increment vested on February 24, 2024.

F5 · derivative.exercise_date: The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on February 24, 2021, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the third 1/3 increment vested on February 24, 2024.

F5 · derivative.expiration_date: The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on February 24, 2021, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the third 1/3 increment vested on February 24, 2024.

F6 · derivative.underlying: Time-based restricted stock units are settled in shares of the Company's common stock upon vesting.

Read SEC document
February 24, 2024 Filed Feb 28, 2024 01:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 Tax withholdingCommon Stock 8,222 $92.80 $763,001.60
Disclosure

SEC source: 0000950170-24-021573 · ownership.xml · nonDerivative · entry 5

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 21,754

F7 · shares: Reflects shares delivered by reporting person to satisfy withholding taxes due upon vesting of performance share units.

F4 · price: Represents the closing price of the common stock of the Issuer on February 23, 2024.

Read SEC document
February 24, 2024 Filed Feb 28, 2024 01:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 Tax withholdingCommon Stock 1,636 $92.80 $151,820.80
Disclosure

SEC source: 0000950170-24-021573 · ownership.xml · nonDerivative · entry 4

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 29,976

F3 · shares: Shares withheld for payment of taxes upon vesting of restricted stock units in accordance with Rule 16b-3.

F4 · price: Represents the closing price of the common stock of the Issuer on February 23, 2024.

Read SEC document
February 24, 2024 Filed Feb 28, 2024 01:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 Exercise / conversionCommon Stock 4,156 Not disclosed Not disclosed
Disclosure

SEC source: 0000950170-24-021573 · ownership.xml · nonDerivative · entry 3

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 31,612

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · price: Restricted stock units convert into common stock on a one-for-one basis.

Read SEC document
February 23, 2024 Filed Feb 28, 2024 01:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 Exercise / conversion2022 Restricted Stock Units · Derivative 4,213 $0.00 $0.00
Disclosure

SEC source: 0000950170-24-021573 · ownership.xml · derivative · entry 6

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,214

Underlying: Common Stock · 4,213 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on February 23, 2022, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the second 1/3 increment vested on February 23, 2024.

F1 · derivative.exercise_date: The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on February 23, 2022, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the second 1/3 increment vested on February 23, 2024.

F1 · derivative.expiration_date: The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on February 23, 2022, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the second 1/3 increment vested on February 23, 2024.

F6 · derivative.underlying: Time-based restricted stock units are settled in shares of the Company's common stock upon vesting.

Read SEC document
February 23, 2024 Filed Feb 28, 2024 01:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 Tax withholdingCommon Stock 1,658 $92.80 $153,862.40
Disclosure

SEC source: 0000950170-24-021573 · ownership.xml · nonDerivative · entry 2

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 27,456

F3 · shares: Shares withheld for payment of taxes upon vesting of restricted stock units in accordance with Rule 16b-3.

F4 · price: Represents the closing price of the common stock of the Issuer on February 23, 2024.

Read SEC document
February 23, 2024 Filed Feb 28, 2024 01:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 Exercise / conversionCommon Stock 4,213 Not disclosed Not disclosed
Disclosure

SEC source: 0000950170-24-021573 · ownership.xml · nonDerivative · entry 1

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 29,114

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · price: Restricted stock units convert into common stock on a one-for-one basis.

Read SEC document
February 15, 2024 Filed Feb 21, 2024 01:00 UTC TENET HEALTHCARE CORP THC · Entity 2563 GrantCommon Stock 24,901 $0.00 $0.00
Disclosure

SEC source: 0000950170-24-017435 · ownership.xml · nonDerivative · entry 1

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 24,901

F1 · kind: Represents a grant of performance-based restricted stock that was earned on the date the Human Resources Committee of the Company certified the achievement of the applicable performance targets based on the extent to which the applicable performance goals were attained for the performance period of January 1, 2021 to December 31, 2023.

F2 · shares: The amount of performance-based restricted stock units earned reflects a prior transfer of performance-based restricted stock units to the former spouse of the Reporting Person in accordance with the terms of a divorce agreement.

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May 19, 2023 Filed May 23, 2023 21:01 UTC TENET HEALTHCARE CORP THC · Entity 2563 SaleCommon Stock 2,800 $73.80 $206,640.00
Disclosure

SEC source: 0001209191-23-031689 · doc4.xml · nonDerivative · entry 2

Arnst Thomas W · CIK 0001852128 · EVP, Chief Admin. Officer & GC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

F2 · price: The price is the weighted average sales price of the aggregate number of shares that were sold by the reporting person. These shares were sold in multiple transactions at prices ranging from $73.62 to $74.02. The reporting person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

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Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.