Company: TVC
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001376986-25-000056
Chunk: 515

Company: Tennessee Valley Authority
Filing Date: 2025-11-13
Form: 10-K
Item: Item 7
Chunk 515
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$350,000 $350,000 $961,667 Jeffrey J. Lyash(4)1,707,000 1,707,000 1,707,000 331,917 331,917 331,917 995,751 Thomas C. Rice91,296 (5)393,666 (5)558,000 47,963 186,000 186,000 419,963 John M. Thomas, III(4)600,000 700,000 700,000 83,333 97,222 97,222 277,777 Matthew M. Rasmussen129,000 263,000 (5)327,000 43,000 109,000 109,000 261,000 Rebecca C. Tolene63,000 303,000 (5)387,000 21,000 140,000 129,000 290,000 Jeremy P. Fisher99,000 149,000 (5)174,000 33,000 58,000 58,000 149,000 Timothy S. Rausch330,000 375,000 402,000 110,000 125,000 134,000 369,000 David B. Fountain(6)— — — — — — — 

Note

(1)  Third installment of 2023 LTR.

(2)  Second installment of 2024 LTR.

(3)  First installment of 2025 LTR.

(4)  LTR Tranche Vested is prorated due to retirement in 2025.

(5)  The LTR award is prorated based on time in position.

(6)  Mr. Fountain separated from service before his LTR awards for 2025 vested. 

172

Non-Direct Compensation Elements

Other Compensation  

To recruit high-quality talent, TVA may offer recruitment awards as well as relocation assistance and reimbursement.  These types of deferred cash incentive awards are intended to compensate the individuals for amounts they may have forfeited from their previous employer in order to join TVA and/or provide substitute compensation when the individual is not eligible to receive certain incentive payments until a future date.

Executive Severance Plan

TVA has established a Severance Plan to provide additional benefits to certain executives if TVA terminates the employment of covered