Company: TVC
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001376986-25-000044
Chunk: 498

Company: Tennessee Valley Authority
Filing Date: 2025-07-29
Form: 10-Q
Item: Part II, Item 5
Chunk 498
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’s LTR grant for the three-year period ending on September 30, 2025, will remain unchanged.

CEO

On July 25, 2025, the TVA Board approved the following as a supplement to the terms of Don Moul’s March 25, 2025, appointment to serve as TVA’s President and CEO, as necessary to reflect the Board’s intent at the time it made the initial appointment decision on March 25, 2025.  Mr. Moul will receive some severance benefits, without regard to meeting the Retirement requirements as defined in TVA's LTIP, so long as he experiences a Separation from Service due to (1) a termination of service by TVA, other than due to Gross Misconduct or as a result of death or disability, or (2) a resignation due to Good Reason; unless otherwise noted, all capitalized terms used in this paragraph shall have the meaning given to those terms in TVA’s Executive Severance Plan, as last amended on April 3, 2025.

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