Company: TVC
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001376986-25-000056
Chunk: 609

Company: Tennessee Valley Authority
Filing Date: 2025-11-13
Form: 10-K
Item: Item 11
Chunk 609
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/2025LTR 2024-02(5)125,000125,0009/30/2025LTR 2025-01(5)134,000 134,000 9/30/2025LTP 2024(6)$362,500 $725,000 $1,450,000 9/30/2026LTR 2024-03(5)125,000 125,000 9/30/2026LTR 2025-02(5)134,000 134,000 9/30/2026LTP 2025(6)387,500 775,000 1,550,000 9/30/2027LTR 2025-03(5)134,000 134,000 9/30/2027David B. FountainEAIP(3)$166,615 $333,230 $666,460 9/30/2025

Notes

(1)  TVA does not have any equity securities and therefore has no equity-based awards.

(2)  Threshold, Target, and Maximum represent amounts that could be earned by an NEO based on performance during the applicable performance cycle.  Threshold, Target, and Maximum targets for EAIP and LTIP were 50 percent, 100 percent, and 200 percent for 2025 (for all eligible participants, except the retired CEO). EAIP and LTIP incentive awards for the retired CEO are calculated in the same manner except that the scorecard achievement ranges from 0 percent to 150 percent instead of 0 percent to 200 percent.

(3)  Target incentive opportunity was 70% of salary for Mr. Rausch. For all others, the target opportunity was a blended opportunity based on time in role.   An individual performance multiplier of up to 150 percent may also be applied which may increase the award to 225 percent of target for all NEOs except for the retired CEO, whose maximum award is 150 percent of target.  Actual EAIP awards earned for performance in 2025 are reported for each of the NEOs under the "Non-Equity Incentive Plan Compensation" column in the Summary Compensation Table.

(4)  At the end of the performance period, TVA's LTIP Scorecard was applied to the grants in order to determine LTP award payouts.  Award payouts are reported for each of the NEOs under the "Non-Equity