Company: THC
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001193125-25-079143
Chunk: 51

Company: TENET HEALTHCARE CORP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 51
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 Consultant, determines the terms and conditions of the Consultant’s engagement, and has the sole authority to approve the Consultant’s fees and other retention terms or to terminate the engagement; |

| • |     | The Consultant reports directly to the HR Committee and has direct access to the HR Committee chair during and between meetings; and |

| • |     | The Consultant provides no services to the Company or management, except as related to executing the provisions of the HR Committee Charter, and with the knowledge and approval of the HR Committee chair. |

The HR Committee has assessed the independence of the Consultant engaged during 2024 pursuant to SEC and NYSE rules and concluded that no conflict of interest exists in connection with the Consultant’s service as an independent advisor to the Committee. Benchmarking Against Peer Companies Each year, the HR Committee reviews market compensation practices to evaluate the competitiveness of the Company’s pay levels and program design. Given the small number of publicly held healthcare providers and competition with not-for-profitcompanies, the HR Committee relies on a blend of peer group and market data to survey market practices. The HR Committee uses the peer group to assess whether executive officer pay levels are aligned with Company performance on a relative basis and considers the “market median” to be a helpful benchmark in setting compensation levels for our executive officers. 2024 Peer Group The Company currently has only three direct, publicly traded hospital company peers: Community Health Systems, Inc., HCA Healthcare, Inc. and Universal Health Services, Inc. As a result, in consultation with the Consultant, the HR Committee followed an objective selection process that looked to related industry segments with companies approximating Tenet in revenues, market capitalization, enterprise value and number of employees to ensure we retained a sufficiently large and appropriate peer group. In connection with the HR Committee’s review in August 2023, no changes were made for Tenet’s peer group for 2024.

| 2025 PROXY STATEMENT |     | 57 |

Compensation Discussion & Analysis

| Direct Peers •  Community Health Systems •  HCA Healthcare •  Universal Health Services |     | Additional Peers •  Baxter International •  Becton, Dickinson and Company •  Boston Scientific •  DaVita •  Encompass Health •  Henry Schein |     | •  Humana •  LabCorp •  Molina Healthcare •