# EDGAR Filing Document

**Accession Number:** 0001317630
**File Stem:** 0001104659-26-010940
**Filing Date:** 2026-2
**Character Count:** 8296
**Document Hash:** f16342bb841beb4c7f3665279aca507b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-010940.hdr.sgml**: 20260205

**ACCESSION NUMBER**: 0001104659-26-010940

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20260202

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Submission of Matters to a Vote of Security Holders

**FILED AS OF DATE**: 20260205

**DATE AS OF CHANGE**: 20260205

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ITC Holdings Corp.
- **CENTRAL INDEX KEY:** 0001317630
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC SERVICES [4911]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 320058047
- **STATE OF INCORPORATION:** MI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-32576
- **FILM NUMBER:** 26603436

**BUSINESS ADDRESS:**
- **STREET 1:** 27175 ENERGY WAY
- **CITY:** NOVI
- **STATE:** MI
- **ZIP:** 48377
- **BUSINESS PHONE:** 248-946-3000

**MAIL ADDRESS:**
- **STREET 1:** 27175 ENERGY WAY
- **CITY:** NOVI
- **STATE:** MI
- **ZIP:** 48377

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, DC 20549**

**FORM 8-K**

**CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): **February 2, 2026**

**ITC HOLDINGS CORP.**

(Exact Name of Registrant as Specified in its Charter)

Commission File Number: **001-32576**

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| | |
|:---|:---|
| **Michigan** | **32-0058047** |
| (State of Incorporation) | (IRS Employer Identification No.) |

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**27175 Energy Way, Novi, Michigan 48377**

(Address of principal executive offices) (zip code)

**(248) 946-3000**

(Registrant's telephone number, including area code)

**Not Applicable**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

◻ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

◻ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

◻ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

◻ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;Title of each class | &nbsp;&nbsp;&nbsp;Trading Symbol(s) | &nbsp;&nbsp;&nbsp;Name of each exchange on which <br> registered |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ◻

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻

**Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

**Approval of 2026 Annual Incentive Compensation Plan**

On February 2, 2026, the Governance and Human Resources Committee of ITC Holdings Corp. (the "Company") approved the 2026 annual incentive plan for the Company's executives, including the "Named Executive Officers" of the Company as of February 2, 2026. Awards made in accordance with this plan are treated as incentive awards under the Company's 2024 Omnibus Plan. Goals and payout weighting under the 2026 annual incentive plan are as follows:

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| | | |
|:---|:---|:---|
| Category | Goal | Weight |
| Safety & Compliance<br> 15% Maximum Potential Payout | Improve capacity through field engagements, implementation of the quality field safety observation leading indicator, and through a 10% increase in the number of observations/audits performed by the Company Safety teams | 5% |
| Safety & Compliance<br> 15% Maximum Potential Payout | 6 or fewer recordable incidents for injuries to Company employees and specified contractor employees, with no more than 2 being Lost Work Day cases and zero fatalities | 5% |
| Safety & Compliance<br> 15% Maximum Potential Payout | Implementation of cyber security objectives | 5% |
| System Performance<br> 65% Maximum Potential Payout | ITCTransmission: 12 or fewer forced, sustained line outages, excluding "External" cause classification | 5% |
| System Performance<br> 65% Maximum Potential Payout | METC: 23 or fewer forced, sustained line outages, excluding "External" cause classification | 5% |
| System Performance<br> 65% Maximum Potential Payout | ITC Midwest: 58 or fewer forced, sustained line outages, excluding "External" cause classification, no more than 46 at the 69 kV level | 5% |
| System Performance<br> 65% Maximum Potential Payout | ITCTransmission: Complete the 15 high priority 2026 field operation and maintenance initiatives | 5% |
| System Performance<br> 65% Maximum Potential Payout | METC: Complete the 13 high priority 2026 field operation and maintenance initiatives | 5% |
| System Performance<br> 65% Maximum Potential Payout | ITC Midwest: Complete the 11 high priority 2026 field operation and maintenance initiatives | 5% |
| System Performance<br> 65% Maximum Potential Payout | ITCTransmission, METC, ITC Midwest, and ITC Great Plains: Complete $1,354 million of the 2026 Capital Expenditure budget for approved projects to achieve 30%; complete $1,283 million to achieve 15% | 15%-30% |
| System Performance<br> 65% Maximum Potential Payout | Complete the 6 measures identified as part of phase 1 of the Company's Capital Project Execution strategy that will focus on building a roadmap, increasing transparency and improved data for better decision making | 5% |
| Financial<br> 20% Maximum Potential Payout | ITCTransmission, METC, ITC Midwest, and ITC Great Plains, Non-field operation and maintenance expense and general and administrative expense at or under budget of $195 million | 10% |
| Financial<br> 20% Maximum Potential Payout | ITCTransmission, METC, ITC Midwest, and ITC Great Plains, Combined adjusted net income at or above $733 million to achieve 10%; at or above $696 million to achieve 5% | 5%-10% |
|  | Total | 100% |

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Field operation and maintenance ("O&M") plan goals may be reduced by 5% if not at or under Field O&M overall maintenance budget of $105.1 million.

Our 2026 annual incentive plan also includes a bonus multiplier for executive officers under which annual incentive bonus awards may be increased by as much as 100% to the extent specified targets related to our Capital Investment Plan (30% weight), Strategic Plan Objectives (45% weight), Consolidated Net Income (20% weight) and Engagement Index (5% weight) are achieved.

**Item 5.07 Submission of Matter to a Vote of Security Holders.**

On February 4, 2026, the shareholder of the Company elected the following directors to the Company's Board to serve until the next annual meeting of the Company's shareholder and until such director's successor is elected and qualified, or until such director's resignation or removal: Linda H. Apsey, Sandra E. Pierce, Robert A. Elliott, Debora M. Frodl, James P. Laurito, Ronnie D. Hawkins, Jr., Jocelyn H. Perry, Leanne M. Bell, David G. Hutchens, Kevin L. Prust, A. Douglas Rothwell, Geoffrey Chatas, Brian Walker, Diane C. Bridgewater, and Rowena Crosbie.

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

February 5, 2026

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| | |
|:---|:---|
| ITC HOLDINGS CORP. | ITC HOLDINGS CORP. |
| By: | /s/ Christine Mason Soneral |
|  | Christine Mason Soneral |
|  | Its: Senior Vice President, General Counsel, Chief Compliance Officer and Secretary |

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