Tenet Healthcare enters amended employment agreement with CEO Saumya Sutaria through Dec 2028; $18M retention RSUs

TENET HEALTHCARE CORP

Base salary $1.5M; target annual bonus at least 200% of base ($3M).
Retention RSUs $18M: 40% time-vesting over 4 installments; 60% performance-based over 4 years (2025-2028).
Agreement term through Dec 31, 2028, with auto-renewal; severance includes 2.5x base+target (non-CIC) or 3x (CIC) plus health benefits.
Non-compete with 4 specified competitors for 1 year post-employment; non-solicit for 2 years; perpetual confidentiality.

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