Company: SCE-PL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000827052-25-000022
Chunk: 650

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 650
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841$71.93Granted276,83872.21Forfeited(5,872)72.57Vested(249,287)67.90Nonvested at December 31, 2024518,520$74.01SCE:Nonvested at December 31, 2023249,091$71.99Granted144,33972.37Forfeited(5,282)72.23Vested(123,197)67.73Affiliate transfers, net2371.99Nonvested at December 31, 2024264,974$74.17Restricted Stock UnitsRestricted stock units were awarded to executives in 2024, 2023, and 2022 and vest and become payable on January 4, 2027, January 2, 2026, and January 2, 2025, respectively. Each restricted stock unit awarded includes a dividend equivalent feature and is a contractual right to receive one share of Edison International common stock, if vesting requirements are satisfied. The vesting of Edison International's restricted stock units is dependent upon continuous service through the end of the vesting period, except for awards granted to retirement-eligible participants, which vest on an accelerated basis.The following is a summary of the status of Edison International's nonvested restricted stock units:Edison InternationalSCESharesWeighted AverageGrant DateFair ValueSharesWeighted AverageGrant DateFair ValueNonvested at December 31, 2023892,412$61.19 645,549$61.17 Granted325,50166.88 233,11266.88 Forfeited(22,886)65.24 (18,908)65.34 Vested(318,579)55.71 (238,921)55.89 Affiliate transfers, net—— (105)61.17 Nonvested at December 31, 2024876,448$65.19 620,727$65.22 The fair value for each restricted stock unit awarded is determined as the closing price of Edison International common stock on the grant date.

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Table of Contents

Note 10. Investments

Nuclear Decommissioning TrustsFuture decommissioning costs related to SCE's nuclear assets are expected to be funded from independent decommissioning trusts.The following table sets forth amortized cost and fair value of the trust investments (see Note 4 for a discussion on fair value