Company: THC
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001193125-25-079143
Chunk: 52

Company: TENET HEALTHCARE CORP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 52
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  Quest Diagnostics •  Select Medical •  Stryker |

| The following chart illustrates Tenet’s size compared to the 2024 peer group median of revenues, enterprise value and number of employees, using data provided to the HR Committee by the Consultant in August 2023. |

Market Survey Data For 2024 compensation decisions, the HR Committee reviewed additional compensation data from the 2023 Willis Towers Watson U.S. Compensation Database survey, which includes for-profit,general industry companies with targeted annual revenue ranging from $10 billion to $20 billion. The Consultant compiles data from this survey relating to compensation levels for Tenet executive officers against the compensation levels for executives holding similar positions at other companies. The Consultant then presents the data to the HR Committee in aggregated form, and the identity of the companies comprising the survey data is not disclosed to, or considered by, the HR Committee in its decision-making process. Other Compensation, Benefits and Considerations Perquisites Perquisites for our NEOs are limited and generally represent an immaterial element of our executive compensation program. They largely consist of life insurance premiums, Company contributions to retirement programs available to other senior officers, and limited personal use of Company aircraft. We do not provide our NEOs with any other significant perquisites. The Prior Sutaria Agreement and the Sutaria Agreement require Dr. Sutaria to reimburse us for any personal use of the corporate aircraft above 100 hours per year, and our aircraft usage policy allows the Chairman and CEO to approve limited personal use of Company aircraft by certain other Company executives. In 2024, Dr. Sutaria’s personal use of the corporate aircraft totaled approximately 30 hours. The unreimbursed incremental cost of his use is disclosed in the 2024 Summary Compensation Table on page 62. Executive Severance Plan The Tenet Executive Severance Plan (ESP) applies to certain of our NEOs in addition to other senior managers and officers of the Company. The ESP provides cash severance and other benefits that vary by position level, consistent with market practice. ESP participants do not receive gross-upsof excise taxes that may be incurred upon a change of control.

| 58 |

Compensation Discussion & Analysis Each of the NEOs, other than Dr. Sutaria, would have been eligible to receive severance benefits under the ESP had they experienced a qualifying termination during 2024. The severance periods for the Company’s NEOs under the ESP were determined by the HR Committee