Company: TVC
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001376986-25-000056
Chunk: 517

Company: Tennessee Valley Authority
Filing Date: 2025-11-13
Form: 10-K
Item: Item 7
Chunk 517
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 Risk

TVA's Enterprise Risk Management organization, in coordination with other members of TVA's management, including Human Resources, conducts an annual assessment of enterprise-level risks including risks arising from TVA's compensation policies and practices.

Based on the results of this assessment, no risks were identified with the compensation policies and practices that are reasonably likely to have a material adverse effect on the organization and its achievement of its strategic goals and objectives.

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Executive Compensation Tables and Narrative Disclosures    

Summary Compensation and Grants of Plan-Based Awards

The following table provides earned compensation information for each NEO in 2025 (and 2024 and 2023, as applicable).

Summary Compensation TableName and Principal PositionYearSalaryBonus(1)Non-Equity Incentive Plan Compensation(2)Change in Pension Value andNonqualified Deferred Compensation Earnings(3)All Other Compensation(4)Total(5)Donald A. Moul(6)2025$1,000,923 $— $3,769,438 $908,756 $31,050 $5,710,167 President and Chief2024819,468 — 3,691,552 479,688 29,700 5,020,408 Executive Officer2023795,600 — 2,271,265 332,840 237,632 3,637,337 Jeffrey J. Lyash2025$745,638 $— $5,119,514 $789,741 $164,368 $6,819,261 Retired President and Chief20241,227,000 — 6,908,558 2,371,704 29,700 10,536,962 Executive Officer20231,227,000 — 6,758,860 2,530,772 27,450 10,544,082 Thomas C. RiceExecutive Vice Presidentand Chief Financial Officer2025$550,214 $— $1,391,512 $1,555 $96,368 $2,039,649 John M. Thomas, III2025$431,081 $— $1,900,938 $1,891,430 $146,523 $4,369,972 Retired Executive Vice President 2024860,441 — 3,886,999 1,530,916 24,750 6