Company: TVC
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001376986-25-000056
Chunk: 343

Company: Tennessee Valley Authority
Filing Date: 2025-11-13
Form: 10-K
Item: Item 1
Chunk 343
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— 1,986,424 650,171 29,700 3,329,441 and Chief Nuclear Officer2023637,640 — 1,817,165 322,682 27,450 2,804,937 David B. Fountain2025$475,145 $— $485,183 $368,656 $1,291,573 $2,620,557 Former Executive Vice President2024648,696 — 2,251,048 402,448 29,700 3,331,892 and General Counsel2023629,802 — 1,630,441 221,672 27,450 2,509,365 

Notes

(1)  There were no bonus awards in 2025.

(2)  The 2025 data is outlined in the Non-Equity Incentive Plan Compensation table below.

(3)  The 2025 data is outlined in the Change in Pension Value and Nonqualified Deferred Compensation Earnings table below.

(4)  The 2025 data is outlined in the All Other Compensation table below.

(5)  The total compensation amount reflected in this column, determined under applicable SEC rules, may differ substantially from compensation amounts actually earned within the fiscal year reflected.  Change in Pension Value and Nonqualified Deferred Compensation Earnings can substantially impact this total, which are affected by external variables such as interest rates, assumptions about life expectancy, and changes in discount rate, which are functions of the economy and actuarial calculations not related to company performance or controlled or approved by the TVA Board or People and Governance Committee.

(6)  The 2025 CEO Total Direct Compensation at target is below the 25th percentile of 2025 market composite data.  

(7)  The Change in Pension Value in 2025 was ($850). 

(8)  The Change in Pension Value in 2025 was ($174).

174

Non-Equity Incentive Plan CompensationDonald A. MoulJeffrey J. LyashThomas C. RiceJohn M. Thomas, III Matthew M. RasmussenRebecca C. ToleneJeremy P. FisherTimothy S. RauschDavid B. FountainEAIP$1,411,271 $1,277,024 $635,536 $498,202 $433,507 $334,872 $382,246