Company: THC
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001193125-25-079143
Chunk: 44

Company: TENET HEALTHCARE CORP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 44
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0% to 250% of target following a four-year performance period beginning January 1, 2025 and ending December 31, 2028. The performance-based RSUs will be subject to achievement of the same annual performance metrics applicable to the annual performance-based RSUs for each year during the performance period, subject to a cumulative four-year Relative TSR performance modifier. Dr. Sutaria will also continue to be eligible to receive annual awards of equity and other LTI awards, which will vest on the same basis as equity and other LTI awards granted to other Company executives. The Sutaria Agreement includes severance payments and benefits in the event of a qualifying termination, which are unchanged from the severance payments and benefits provided under the Prior Sutaria Agreement, as described in further detail on page 69. 2024 Compensation Decisions Base Salary Base salary provides our NEOs with a fixed base annual income and helps us attract and retain high-performing executives. The HR Committee sets base salaries for the NEOs each year considering individual performance reviews, internal pay equity considerations, the scope and complexity of the executive’s role, and an assessment of peer group and market survey data provided by our independent compensation consultant. In consideration of the data provided by our independent compensation consultant, no changes were made to base salaries for our NEOs for 2024.

| Named Executive Officer |     | Annual Base Salary    (as of December 31, 2024) |   |           |
|:------------------------|:----|:------------------------------------------------|:--|----------:|
| Saum Sutaria            |     |                                                 | $ | 1,500,000 |
| Sun Park                |     |                                                 | $ |   700,000 |
| Tom Arnst               |     |                                                 | $ |   650,000 |
| Lisa Foo                |     |                                                 | $ |   650,000 |
| Paola Arbour            |     |                                                 | $ |   550,000 |

Annual Incentive Plan Our Annual Incentive Plan (AIP) provides annual cash incentives to our executives that drive financial, operational and individual performance. The program is designed to motivate executives to meet objectives that matter to our investors and align with the Company’s long-term strategy. To that end, the HR Committee selects financial and operational metrics that our executives are

| 50 |

Compensation Discussion & Analysis able to directly influence with challenging targets so that, in order to pay out,