Company: TVC
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001376986-25-000056
Chunk: 339

Company: Tennessee Valley Authority
Filing Date: 2025-11-13
Form: 10-K
Item: Item 1
Chunk 339
---
  These grants are intended to encourage executives to remain with TVA and to provide, in combination with salary, EAIP, and LTP grants, a competitive level of TDC.  LTR awards vest ratably over a three-year period, subject to continued employment on each vesting date.  The grants are generally effective as of October 1 and the one-third vesting is on each subsequent September 30 or upon death, disability, or retirement if earlier on a pro-rated basis.  Each award will be paid in a lump sum within two months of vesting.

LTR awards that vested in 2025 are described below and reported in the Executive Compensation Tables and Narrative Disclosures — Summary Compensation Table under "Non-Equity Incentive Plan Compensation."  Total 2025 LTR Earned reflects vested tranches (one-third) of 2023, 2024, and 2025 LTR program awards.

2025 LTR Vested Awards PayoutNEO2023 LTR Award2024 LTR Award2025 LTR Award2023 LTR Tranche Vested(1)2024 LTR Tranche Vested(2)2025 LTR Tranche Vested(3)Total 2025 LTR EarnedDonald A. Moul$785,000 $984,000 (5)$1,050,000 $261,667 $350,000 $350,000 $961,667 Jeffrey J. Lyash(4)1,707,000 1,707,000 1,707,000 331,917 331,917 331,917 995,751 Thomas C. Rice91,296 (5)393,666 (5)558,000 47,963 186,000 186,000 419,963 John M. Thomas, III(4)600,000 700,000 700,000 83,333 97,222 97,222 277,777 Matthew M. Rasmussen129,000 263,000 (5)327,000 43,000 109,000 109,000 261,000 Rebecca C. Tolene63,000 303,000 (5)387,000 21,000 140,000 129,000 290,000 Jeremy P. Fisher99,000 149,000 (5)174,000