Company: TVC
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001376986-25-000056
Chunk: 625

Company: Tennessee Valley Authority
Filing Date: 2025-11-13
Form: 10-K
Item: Item 11
Chunk 625
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5)  The payment was made in October 2025.

(6)  Mr. Lyash will receive 19/36ths of the actual LTP award that vests on September 30, 2026, and 7/36ths of the actual LTP award that vests on September 30, 2027. Assuming 100 percent payout, these amounts will be $2,102,139 and $774,472, respectively.

John M. Thomas, III(1)Payments for 2025Estimated Payments After 2025Severance Plan$— $— SERP 2,061,530 (2)8,246,120 (3)Restoration Plan— — EAIP498,202 (4)— LTR277,777 (5)— LTP1,124,959 (4)877,361 (6)Deferred Compensation— — Total Value of Payments$3,962,468 $9,123,481 

Notes

(1)  Mr. Thomas retired from TVA on March 8, 2025.

(2)  Represents the first of five SERP benefit installments.

(3)  Represents the sum of the four remaining annual installments.

(4)  The payment is expected be made in November 2025.

(5)  The payment was made in October 2025.

(6)  Mr. Thomas will receive 17/36ths of the actual LTP award that vests on September 30, 2026, and 5/36ths of the actual LTP award that vests on September 30, 2027. Assuming 100 percent payout, these amounts will be $672,917 and $204,444, respectively.

185

David B. Fountain(1) Payments for 2025Estimated Payments After 2025Severance Plan$1,168,951 (2)$— SERP252,524 (3)1,010,096 (4)Restoration Plan— — EAIP485,183 (5)— LTR— — LTP— — Deferred Compensation21,262 (6)92,561 (7)Total Value of Payments$1,927,920 $1,102,657 

Notes

(1)  Mr. Fountain separated from service from TVA on June 1, 2025.

(