Company: TVC
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001376986-25-000056
Chunk: 531

Company: Tennessee Valley Authority
Filing Date: 2025-11-13
Form: 10-K
Item: Item 7
Chunk 531
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 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 $33,444.  The amounts for the other NEOs represent restoration contributions.  The restoration contributions will be credited to the applicable plan accounts in 2026.

(2)   Includes vested earnings. Because none of the amounts are above market or preferential earnings under SEC rules, none of these amounts are included in the  Summary Compensation Table.