Company: THC
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001193125-25-079143
Chunk: 35

Company: TENET HEALTHCARE CORP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 35
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 2024. In accordance with the 2024 annual compensation program, each non-employee director received a grant of 1,551 RSUs under the program, and Senator Kerrey was granted an additional 388 RSUs in respect of his service as Lead Director. |

| (2) | As of December 31, 2024, each non-employee director other than Senator Kerrey held 1,551 unvested RSUs. As of December 31, 2024, Senator Kerrey held 1,939 unvested RSUs. All other RSUs held by the non-employee directors as of December 31, 2024 were fully vested. |

Compensation Plans Applicable to Directors Stock Incentive Plans Each non-employeedirector receives an annual award under our 2019 Stock Incentive Plan of RSUs that is meant to compensate the director for service on the Board beginning on the date of that year’s annual shareholders meeting and ending on the date of the following year’s annual shareholders meeting. These grants are typically made on the first business day following the annual shareholders meeting and vest on the first anniversary of the grant date or, if earlier, the director’s death or disability (unless deferred under the Special RSU Deferral Plan, discussed below). Beginning in 2024, non-employeedirectors may elect to receive settlement of up to 37% of their RSUs (including previously granted RSUs) in cash rather than shares of our stock. Special RSU Deferral Plan We adopted the Special RSU Deferral Plan to permit directors to defer the settlement of their annual RSU grants under our 2019 Stock Incentive Plan for a period of five years as provided under the terms of the award agreement. In the event of a change of control of the Company, the RSUs will be settled on the subsequent deferral date irrespective of whether the underlying award agreement would provide for earlier settlement by reason of such change in control. As of the record date, Admiral Cecil Haney, Senator J. Robert Kerrey, Richard Mark and Nadja West were the only directors who elected to defer settlement of RSU grants pursuant to the terms of the Special RSU Deferral Plan. 2006 Deferred Compensation Plan Under our 2006 Deferred Compensation Plan (DCP), directors and eligible employees may defer all or a portion of their compensation paid during a given calendar year. For directors, compensation is defined as cash compensation from retainers, meeting fees and committee fees.