Company: SCE-PL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000827052-25-000022
Chunk: 266

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1A
Chunk 266
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. The fair value of financial performance condition performance shares is determined (i) at grant 

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as the target number of shares (which Edison International determined to be the probable outcome) valued at the closing price on the grant date of Edison International common stock and (ii) subsequently using Edison International's earnings per share compared to pre-established targets.The following is a summary of the status of Edison International's nonvested performance shares:Equity AwardsSharesWeighted AverageFair ValueEdison International:Nonvested at December 31, 2023496,841$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