Company: THC
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001193125-25-079143
Chunk: 53

Company: TENET HEALTHCARE CORP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 53
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 based on (1) past company practice, (2) competitive data the Consultant provided regarding the severance periods in place for executives of similar-sizedcompanies and other healthcare peers, and (3) the HR Committee’s analysis of the financial impact of various severance compensation scenarios on each of these executives and the Company. Provisions in the ESP and related severance agreements regarding non-competition,confidentiality, non-disparagementand non-solicitationas a condition of receipt of severance benefits under the ESP remain in effect for at least the period during which the severed executive is entitled to receive severance payments. A more detailed description of the ESP is contained in “Potential Payments Upon Termination or Change of Control” beginning on page 69. Employee Benefits Our NEOs participate in the Company’s broad-based benefit programs generally available to all employees, including our 401(k) Retirement Savings Plan (401(k) Plan), as well as health and dental and various other insurance plans, including disability and life insurance. These benefits are consistent with providing a total pay program that is sufficiently competitive with our peer companies to attract and retain highly qualified personnel. Executive Retirement Programs Our NEOs also participate in our Executive Retirement Account (ERA) and our Sixth Amended and Restated Tenet 2006 Deferred Compensation Plan (Deferred Compensation Plan or DCP). None of our NEOs participate in our frozen Supplemental Executive Retirement Plan (SERP). These programs are designed to provide retirement benefits to participating management-level employees, whose retirement benefits under our tax-qualifiedprograms are otherwise limited under provisions of the Internal Revenue Code. Additional information regarding these programs is provided in the narrative discussion under “Nonqualified Deferred Compensation” beginning on page 68. Compensation Governance Practices Stock Ownership and Retention Requirements The Board has adopted stock ownership and stock retention requirements for our non-employeedirectors and all Company officers with the title of Senior Vice President and above to further align their economic interests with those of our shareholders. The ownership requirements must be met within five years from the date on which an individual becomes a director or senior officer, with two-yearextensions in the event of a promotion. Each senior officer is required to own shares of our stock with a value equal to the following multiple of his or her base salary:

| Executive Level                      |     | Market Value of Stock as a Multiple of Base Salary |
| Chairman and Chief Executive Officer |     | 6x                                                 |
| President or Chief Operating Officer |     | 4x                                                 |
| Executive Vice Presidents