Company: SCE-PL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000827052-25-000022
Chunk: 391

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 391
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 dividend yield3.6% - 4.7%4.2% - 4.7%4.0% - 5.0%Weighted average expected dividend yield4.7%4.2%4.0%Expected volatility23.6% - 30.4%29.0% - 29.6%27.8% - 28.6%Weighted average volatility30.3%29.1%27.8%The expected term represents the period of time for which the options are expected to be outstanding and is primarily based on historical exercise and post-vesting cancellation experience and stock price history. The risk-free interest rate for periods within the contractual life of the option is based on a zero-coupon U.S. Treasury STRIPS (separate trading of registered interest and principal of securities) whose maturity corresponds to the option's expected term on the measurement date. Expected volatility is based on the historical volatility of Edison International's common stock for the length of the option's expected term. The volatility period used was 56 months, 58 months, and 60 months at December 31, 2024, 2023, and 2022, respectively.

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The following is a summary of the status of Edison International's stock options:Weighted AverageSharesExercisePriceRemainingContractualTerm (years)AggregateIntrinsic Value(in millions)Edison International:Outstanding at December 31, 202311,418,243$64.30 Granted749,96866.70 Forfeited or expired(107,158)71.89 Exercised1(3,417,478)64.49 Outstanding at December 31, 20248,643,57564.33 5.01Exercisable and expected to vest at December 31, 20248,438,86464.40 4.95$130 Exercisable at December 31, 20246,651,227$64.79 4.19$100 SCE:Outstanding at December 31, 20235,192,275$64.22 Granted390,76066.82 Forfeited or expired(98,077)71.44 Exercised1(1,892,980)64.49 Affiliate transfers, net14,47264.22 Outstanding at December 31, 20243,606,45064.