Company: TVC
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001376986-25-000056
Chunk: 615

Company: Tennessee Valley Authority
Filing Date: 2025-11-13
Form: 10-K
Item: Item 11
Chunk 615
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.  TVA has no NEOs under Tier 2.

179

Restoration Plan.  Effective October 1, 2022, TVA established the RP.  The RP is a nonqualified excess 401(k) plan designed to allow certain eligible employees whose contributions to the 401(k) plan are limited by IRS rules to save additional amounts for retirement and receive non-elective and matching employer contributions.  The plan is designed to provide a competitive level of retirement benefits and assist in the recruitment of executive talent for TVA.

Nonqualified Deferred Compensation 

The following table provides information regarding deferred contributions, earnings, and balances for each of the NEOs.  The amounts reported under this table do not represent compensation in addition to the compensation that was earned in 2025 and already reported in the Summary Compensation Table, but rather the amounts of compensation earned by the NEOs in 2025 or prior years that were or have been deferred.

Nonqualified Deferred Compensation TableNameExecutiveContributions in 2025RegistrantContributions in 2025(1)AggregateEarnings in 2025(2)AggregateWithdrawals/DistributionsAggregateBalance atSeptember 30, 2025Donald A. Moul$— $— $— $— $— Jeffrey J. Lyash— — — — — Thomas C. Rice— 70,493 4,797 (7)— 111,720 (10)John M. Thomas, III — — — — — Matthew M. Rasmussen40,431 (3)47,451 38,277 (7)— 335,450 (10)Rebecca C. Tolene254,402 (4)308,444 74,934 (8)— 879,841 (10)Jeremy P. Fisher— 38,127 9,084 (7)— 115,641 (10)Timothy S. Rausch71,050 (5)— 10,296 (9)— 181,972 (10)David B. Fountain92,851 (6)— 14,048 (9)21,262 131,376 (10)

Notes

(1)   All amounts are included in the Summary Compensation Table as compensation for 2025.  The amount for Ms. Tolene represents a discretionary contribution of $275,000 and a restoration contribution of $33