Company: SCE-PL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000827052-25-000022
Chunk: 263

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1A
Chunk 263
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 markets at both December 31, 2024 and 2023.7At December 31, 2024 and 2023, respectively, registered investment companies were primarily invested in a money market fund (73% and 70%) and exchange rate traded funds which seek to track performance of MSCI Emerging Market Index, Russell 2000 Index and international small cap equities (27% and 30%).8Other includes $52 million and $58 million of municipal securities at December 31, 2024 and 2023, respectively.At both December 31, 2024 and 2023, approximately 78% of the publicly traded equity investments, including equities in the common/collective funds, were located in the United States.Stock-Based CompensationEdison International maintains a shareholder-approved incentive plan (the "2007 Performance Incentive Plan") that includes stock-based compensation. The maximum number of shares of Edison International's common stock authorized to be issued or transferred pursuant to awards under the 2007 Performance Incentive Plan, as amended, is approximately 71 million shares. As of December 31, 2024, Edison International had approximately 13 million shares remaining available for new award grants under its stock-based compensation plans.

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The following table summarizes total expense and tax benefits associated with stock-based compensation:Edison InternationalSCEYears ended December 31,(in millions)202420232022202420232022Stock-based compensation expense1:Stock options$13$12 $13 $7$6 $7 Performance shares2115 13 108 6 Restricted stock units2117 14 1512 9 Other22 2 —— — Total stock-based compensation expense$57$46 $42 $32$26 $22 Income tax benefits related to stock-based compensation expense$23$7 $9 $14$5 $5 1Reflected in "Operation and maintenance" on Edison International's and SCE's consolidated statements of income.Stock OptionsUnder the 2007 Performance Incentive Plan, Edison International has granted stock options at exercise prices equal to the closing price at the grant date. Edison International may grant stock options and other awards related to, or with a value derived from, its common stock to directors and certain employees. Options generally expire 10 years after the grant date and vest over a period of three or four years of continuous service in equal annual increments, except