Company: THC
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001193125-25-079143
Chunk: 61

Company: TENET HEALTHCARE CORP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 61
---
-third tranche of the 2022 PRSUs. The PRSUs are subject to the satisfaction of financial and stock price performance conditions further discussed on page 55. |

| 64 |

Executive Compensation Tables

| (2) | We calculate the grant date fair value of time-based RSUs based on the NYSE closing price per share of our common stock on the applicable date of grant, which was $89.22 on February 28, 2024. For purposes of the performance-based RSUs, only the first one-third tranche of the 2024 PRSUs, only the second one-third tranche of the 2023 PRSUs and only the last one-third tranche of the 2022 PRSUs, each of which vests based on 2024 performance (subject to the three-year Relative TSR multiplier), are reflected in this column. The grant date fair values per unit of these performance-based RSUs are set forth below, which were determined assuming target performance for the financial measures and using a Monte Carlo simulation including the assumptions set forth below: |

|                              |     | Grant Date 
 Stock      
 Price      |   |       |     | Simulation Term |     |            |     | Volatility |     |       |   |     | Dividend Yield |     |      |   |     | Risk-Free  
 Investment 
 Rate       |     |      |   |     | Grant     
 Date Fair 
 Value     |   |        |
|:-----------------------------|:----|:-----------|:--|------:|:----|:----------------|:----|:-----------|:----|:-----------|:----|------:|:--|:----|:---------------|:----|-----:|:--|:----|:-----------|:----|-----:|:--|:----|:----------|:--|-------:|
| First Tranche of 2024 PRSUs  |     |            | $ | 89.22 |     |                 |     | 2.84 years |     |            |     | 48.05 | % |     |                |     | 0.00 | % |     |            |     | 4.42 | % |     |           | $ |  98.19 |
| Second Tranche of 2023 PRSUs |     |            | $ | 89.02 |     |                 |     | 1.89 years |     |            |