Company: TVC
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001376986-25-000056
Chunk: 592

Company: Tennessee Valley Authority
Filing Date: 2025-11-13
Form: 10-K
Item: Item 11
Chunk 592
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 In addition, slightly below target performance for Transmission Performance Indicator and below threshold performance for External Performance Indicators for the TVA Nuclear Fleet were considered. Below are the EAIP award calculations for this performance period.

2025 EAIP Award CalculationNEOSalary(1)Target EAIP Incentive Opportunity    (% of Salary)(2)Target EAIP PayoutScorecard Results (3)Individual Performance Multiplier("IPM")Actual EAIP Award Payout (4)Donald A. Moul(5)$1,200,000 110%$969,280 145.6%100%$1,411,271 Jeffrey J. Lyash(6)1,227,000 150%1,112,390 114.8%100%1,277,024 Thomas C. Rice(7)705,000 75%379,560 145.6%115%635,536 John M. Thomas, III(8)937,881 80%342,172 145.6%100%498,202 Matthew M. Rasmussen(9)668,000 60%297,738 145.6%100%433,507 Rebecca C. Tolene(10)665,000 70%229,994 145.6%100%334,872 Jeremy P. Fisher(11)500,000 60%228,288 145.6%115%382,246 Timothy S. Rausch683,040 70%478,128 145.6%100%696,154 David B. Fountain(12)687,618 70%333,230 145.6%100%485,183 

Notes

(1)  Represents the salary associated with the NEO’s last position held in 2025.

(2)  Represents the Target EAIP Incentive Opportunity associated with the NEO’s last position held in 2025.

(3)  This column reflects the percent of Enterprise Scorecard results approved by the TVA Board.  The EAIP Award for the retired CEO was calculated in the same manner as that of each NEO, except that his award was calibrated using a Scorecard Achievement range of 0 percent to 150 percent instead of 0 percent to 200 percent. 

(4)  The maximum EAIP payout for the retired CEO cannot exceed 150 percent of target, and the maximum EAIP payout for all other participants