Company: TVC
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001376986-25-000056
Chunk: 366

Company: Tennessee Valley Authority
Filing Date: 2025-11-13
Form: 10-K
Item: Item 1
Chunk 366
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(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.

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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.

(2)  Mr. Fountain received a payment of $1,168,951 under the TVA Severance Plan in June 2025.

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

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

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

(6)  Represents the first of five installments from the Deferred Compensation Plan.

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

CEO Pay Ratio Disclosure

As required by Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and Item 402(u) of Regulation S-K, TVA is providing the following information regarding the annual total compensation of TVA's CEO position and the annual total compensation of the median employee of the company:  

•The total compensation for the CEO position for 2025 was $5,710,167.

•For 2025, the median employee's annual total compensation was $170,254.

Based on this information, the pay ratio of the total compensation for the CEO position to the median employee was approximately 34 to 1.  

To identify the median employee and to determine the annual total compensation of the median employee, TVA took the following steps:

•TVA selected September 30, 2025, as the date on which to identify