Document:

EX-10.43

 EXHIBIT 10.43 

DOMINION ENERGY, INC. 

2019 GOAL-BASED STOCK AWARD AGREEMENT 

THIS AGREEMENT, dated February 5, 2019, between Dominion Energy, Inc., a Virginia corporation (the “Company”) and [Insert
Name] (“Participant”), is made pursuant and subject to the provisions of the Dominion Energy, Inc. 2014 Incentive Compensation Plan and any amendments thereto (the “Plan”). All terms used in this Agreement that are defined in
the Plan have the same meaning given to such terms in the Plan. 
 1.    Goal-Based Stock Award. Pursuant to the
Plan, [Insert Number] shares of Goal-Based Stock (“Target Amount”) were awarded to the Participant on February 5, 2019 (“Date of Grant”), subject to the terms and conditions of the Plan, and subject further to the
terms and conditions set forth in this Agreement and Exhibit A attached hereto. Goal-Based Stock is Company Stock that will be issued if the Performance Goals set forth in Section 4 for the Performance Period are fulfilled. The actual number of
shares of Goal-Based Stock that may be issued may be from 0% to 200% of the Target Amount, depending on the achievement of the Performance Goals. The Performance Period for purposes of this Agreement is the period beginning on January 1, 2019
and ending on December 31, 2021. 
 2.    Performance Achievement and Time of Goal-Based Stock Issuance.
Upon the completion of the Performance Period, the Committee will determine the final achievement of the Performance Goals described in Section 4. The Company will then calculate the final number of Goal-Based Stock shares to be issued based on
such Performance Goal achievement. Except as provided in Section 5(b) or 6, the appropriate number of Goal-Based Stock shares will be issued to the Participant at a time determined by the Committee, but not later than March 15, 2022. 

3.    Forfeiture. Except as provided in Paragraphs 5 or 6, the Participant will forfeit any and all rights in the
Goal-Based Stock if the Participant’s employment with the Company or a Dominion Company terminates for any reason before the end of the Performance Period. 

4.    Performance Goals. Issuance of Goal-Based Stock shares will be based on the Performance Goal achievement of
the Performance Criteria described in this Section 4 and further defined in Exhibit A. 

a.    TSR Performance. Total Shareholder Return (TSR) Performance will determine fifty percent (50%)
of the Target Amount (“TSR Percentage”). Relative TSR Performance and Absolute TSR Performance are each defined in Exhibit A. The percentage of the TSR Percentage of Goal-Based Stock shares that will be issued, if any, is based on the
following table: 
  

					
	 Relative
 TSR Performance

Percentile Ranking
	  	Percentage Payout
of TSR Percentage	 
	 85th or above
	  	 	200	% 
	 50th
	  	 	100	% 
	 25th
	  	 	50	% 
	 Below 25th
	  	 	0	% 

  
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 To the extent that the Company’s Relative TSR Performance ranks in a
percentile between the 25th and 85th percentile in the table above, then the TSR Percentage payout will be interpolated between the
corresponding TSR Percentage payout set forth above. No payment of the TSR Percentage of Goal-Based Stock shares will be made if the Relative TSR Performance is below the 25th percentile, except
that a payment of 25% of the TSR Percentage will be made if the Company’s Relative TSR Performance is below the 25th percentile but its Absolute TSR Performance is at least 9%. In addition to
the foregoing payments, and regardless of the Company’s Relative TSR Performance, either (but not both) of the following may be earned: (i) an additional payment of 25% of the TSR Percentage will be made if the Company’s Absolute TSR
Performance is at least 10% but less than 15%, and/or if the Company’s Price-Earnings Ratio (as defined in Exhibit A) is at or above the 50th percentile and below the top third of the group
of companies (inclusive of the Company) used to measure Relative TSR Performance in accordance with Exhibit A hereto, or (ii) an additional payment of 50% of the TSR Percentage will be made if the Company’s Absolute TSR Performance is at
least 15%, and/or if the Company’s Price-Earnings Ratio is at or above the top third of the group of companies (inclusive of the Company) used to measure Relative TSR Performance in accordance with Exhibit A hereto (in either case, the
“Performance Adder”). The Committee may reduce or eliminate payment of the Performance Adder in its sole discretion. 

The aggregate payments under this Section 4(a) may not exceed 250% of the TSR Percentage. In addition, the overall
percentage payment under the entire Award may not exceed 200% of the Target Amount.
 b.    ROIC
Performance. Return on Invested Capital Performance (“ROIC Performance”) will determine fifty percent (50%) of the Target Amount (“ROIC Percentage”). ROIC Performance is defined in Exhibit A. The percentage of the ROIC
Percentage that will be paid out, if any, is based on the following table: 
  

					
	 ROIC Performance
	  	Percentage Payout
of ROIC Percentage	 
	 7.41% and above
	  	 	200	% 
	 7.13%
	  	 	100	% 
	 6.81%
	  	 	50	% 
	 Below 6.81%
	  	 	0	% 

  

	 	•	 	 To the extent that the Company’s ROIC Performance is greater than 6.81% and less than 7.13%, the ROIC
Percentage payout will be interpolated between the applicable Percentage Payout of ROIC Percentage range set forth above. 

  

	 	•	 	 To the extent that the Company’s ROIC Performance is greater than 7.13% and less than 7.41%, the ROIC
Percentage payout will be interpolated between the applicable Percentage Payout of ROIC Percentage range set forth above. 

5.    Retirement, Involuntary Termination without Cause, Death or Disability. 

a.    Retirement or Involuntary Termination without Cause. Except as provided in
Section 6, if the Participant Retires (as such term is defined in Section 9(b) below) during the Performance Period or if the Participant’s employment is involuntarily terminated by the Company or a Dominion Company without Cause (as
defined in the Employment Continuity Agreement between the Participant and the Company) during the 

  
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Performance Period and the Participant would have been eligible for a payment if the Participant had remained employed until the end of the Performance Period, the Participant will receive a pro-rated payout of the Participant’s Goal-Based Stock Award equal to the number of Goal-Based Stock shares the Participant would have received had the Participant remained employed until the end of the
Performance Period, multiplied by a fraction, the numerator of which is the number of whole months from February 1, 2019 to the first day of the calendar month coinciding with or immediately following the date of the Participant’s
Retirement or termination of employment, and the denominator of which is thirty-five (35). Shares will be issued after the end of the Performance Period at the time provided in Section 2 based on the Performance Goal achievement approved by the
Committee. If the Participant Retires, however, no shares will be issued if the Company’s Chief Executive Officer in his sole discretion (or, if the Participant is the Company’s Chief Executive Officer, the Committee in its sole
discretion) determines that the Participant’s Retirement is detrimental to the Company. Any potential shares of Goal-Based Stock not issued in accordance with the terms of this Paragraph 5(a) will be forfeited. 

b.    Death or Disability. If, while employed by the Company or a Dominion Company, a Participant
dies or becomes Disabled (as defined in Section 9(b) below) during the Performance Period, a number of Goal-Based Stock shares will be issued to the Participant or the Participant’s Beneficiary equal to the product of (i) and (ii)
where: 
 (i)    is the number of shares that would be issued based on the predicted performance used for
determining the compensation cost recognized by the Company for this Goal-Based Stock Award for the latest financial statement filed with the Company’s Annual Report on Form 10-K or Quarterly Report on
Form 10-Q immediately prior to the event; and 
 (ii)    is a
fraction, the numerator of which is the number of whole months from February 1, 2019 to the first day of the calendar month coinciding with or immediately following the date of the Participant’s death or Disability, and the denominator of
which is thirty-five (35). 
 Any potential shares of Goal-Based Stock not issued in accordance with the terms of this Section 5(b) will be forfeited.
Goal-Based Stock shares will be issued as soon as administratively feasible (and in any event within sixty (60) days) after the date of the Participant’s death or Disability. 

6.    Qualifying Change of Control. Upon a Qualifying Change of Control prior to the end of the Performance Period,
provided the Participant has remained continuously employed with the Company or a Dominion Company from the Date of Grant to the date of the Qualifying Change of Control, a number of the Goal-Based Stock shares will be issued to the Participant
equal to the greater of (i) the Target Amount or (ii) the number of shares that would be issued at the end of the Performance Period if the predicted performance used for determining the compensation cost recognized by the Company for this
Award for the latest financial statement filed with the Company’s Annual Report on Form 10-K or Quarterly Report on Form 10-Q immediately prior to the Qualifying
Change of Control was the actual performance for the Performance Period (in either case, the “COC Payout Amount”). The Goal-Based Stock shares will be issued on or as soon as administratively feasible (but in any event within sixty
(60) days) following the Qualifying Change of Control date. If a Qualifying Change of Control occurs prior to the end of the Performance Period and after a Participant has Retired or been involuntarily terminated without Cause pursuant to
Section 5(a) above, then the Participant will receive a pro-

  
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rated payout of the Participant’s Goal-Based Stock Award, equal to the COC Payout Amount multiplied by the fraction set forth in Section 5(a) above, with shares being issued on or as
soon as administratively feasible (but in any event within sixty (60) days) after the Qualifying Change of Control date. Any potential shares of Goal-Based Stock not issued in accordance with the terms of this Section 6 will be forfeited.

 7.    Termination for Cause. Notwithstanding any provision of this Agreement to the contrary, if the
Participant’s employment with the Company or a Dominion Company is terminated for Cause (as defined by the Employment Continuity Agreement between the Participant and the Company), the Participant will forfeit all rights to Goal-Based Stock
shares awarded pursuant to this Agreement. 
 8.    Clawback of Award Payment.  

 

	 	a.	 Restatement of Financial Statements.    If the Company’s financial statements
are required to be restated at any time within a two (2) year period following the end of the Performance Period as a result of fraud or intentional misconduct, the Committee may, in its discretion, based on the facts and circumstances
surrounding the restatement, direct the Company to recover all or a portion of the issued (vested) shares from the Participant if the Participant’s conduct directly caused or partially caused the need for the restatement. 

 

	 	b.	 Fraudulent or Intentional Misconduct.    If the Company determines that the
Participant has engaged in fraudulent or intentional misconduct related to or materially affecting the Company’s business operations or the Participant’s duties at the Company, the Committee may, in its discretion, based on the facts and
circumstances surrounding the misconduct, direct the Company to withhold issuance of all or a portion of the Goal-Based Stock shares granted pursuant to this Agreement, or if shares have been issued, to recover all or a portion of the shares from
the Participant. 

  

	 	c.	 Recovery of Payout.    The Company reserves the right to recover a Goal-Based Stock
Award payout pursuant to this Section 8 by (i) seeking recovery of the vested shares from the Participant; (ii) reducing the amount that would otherwise be payable to the Participant under another Company benefit plan or compensation
program to the extent permitted by applicable law; (iii) withholding future annual and long-term incentive awards or salary increases; or (iv) taking any combination of these actions. 

 

	 	d.	 No Limitation on Remedies.    The Company’s right to recover Goal-Based or
issued shares pursuant to this Section 8 shall be in addition to, and not in lieu of, actions the Company may take to remedy or discipline a Participant’s misconduct including, but not limited to, termination of employment or initiation of
a legal action for breach of fiduciary duty. 

  

	 	e.	 Subject to Future Rulemaking.    The Goal-Based Stock granted under this Agreement
is subject to any clawback policies the Company may adopt in order to conform to the requirements of Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act and resulting rules issued

  
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by the Securities and Exchange Commission or national securities exchanges thereunder and that the Company determines should apply to this Agreement. 

9.    Terms and Conditions. 
  

	 	a.	 Nontransferability; No Shareholder Rights. Except as provided in Section 5, this award of
Goal-Based Stock is not transferable and is subject to a substantial risk of forfeiture until the end of the Performance Period. A Participant shall have not have any rights as a shareholder with respect to the shares of Goal-Based Stock that may be
issued under this Agreement unless and until such shares have actually been issued to the Participant after the end of the Performance Period as provided herein. 

 

	 	b.	 Certain Definitions.  

(i)    Retirement. For purposes of this Agreement, the term Retire or Retirement means a voluntary
termination of employment on a date when the Participant is eligible for early or normal retirement benefits under the terms of the Company Pension Plan (as defined below), or would be eligible if any crediting of deemed additional years of age or
service applicable to the Participant under a supplemental retirement plan of the Company was applied under the Company Pension Plan, as in effect at the time of the determination, or, for a Participant who is not eligible to participate in a
Company Pension Plan, a voluntary termination of employment on or after age 55, unless (in each case) the Company’s Chief Executive Officer in his sole discretion (or, if the Participant is the Company’s Chief Executive Officer, the
Committee in its sole discretion) determines that the Participant’s retirement is detrimental to the Company. “Company Pension Plan” means the applicable pension plan of the Company or its subsidiaries, if any, in which the
Participant is eligible to participate as of the Date of Grant, which may include either the Dominion Energy Pension Plan or the SCANA Corporation Retirement Plan or any successor thereto, but excluding the cash balance portion of any such plan.

 (ii)    Disabled or Disability. For purposes of this Agreement, the term “Disabled”
or “Disability” means a disability as defined under Treasury Regulation Section 1.409A-3(i)(4). The Committee will determine whether or not a Disability exists and its determination will be
conclusive and binding on the Participant. 
  

	 	c.	 Delivery of Shares. 

(i)    Share Delivery. Within the applicable time periods after the end of the Performance Period or
after the occurrence of an event described in Sections 5 or 6 as described above, the Company will deliver to the Participant (or in the event of the Participant’s death, the Participant’s Beneficiary) the appropriate number of shares of
Company Stock. 
 (ii)    Withholding of Taxes. No Company Stock will be delivered until the
Participant (or the Participant’s Beneficiary) has paid to the Company the amount that must be withheld under federal, state and local income and 

  
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employment tax laws (the “Applicable Withholding Taxes”) or the Participant and the Company have made satisfactory arrangements for the payment of such taxes. Unless the Participant
makes an alternative election, the Company will retain the number of shares of Goal-Based Stock (valued at their Fair Market Value) required to satisfy the Applicable Withholding Taxes. As an alternative to the Company retaining shares, the
Participant or the Participant’s Beneficiary may elect to (i) deliver Mature Shares (valued at their Fair Market Value) or (ii) make a cash payment to satisfy Applicable Withholding Taxes. 

 

	 	d.	 Fractional Shares. Fractional shares of Company Stock will not be issued. 

 

	 	e.	 No Right to Continued Employment. This Agreement does not confer upon the Participant any right with
respect to continuance of employment by the Company, nor will it interfere in any way with the right of the Company to terminate the Participant’s employment at any time. 

 

	 	f.	 Change in Capital Structure. The number and fair market value of shares of Goal-Based Stock awarded by
this Agreement will be automatically adjusted as provided in Section 18(a) of the Plan if the Company has a change in capital structure. 

  

	 	g.	 Governing Law. This Agreement shall be governed by the laws of the Commonwealth of Virginia, other than
its choice of law provisions. 

  

	 	h.	 Conflicts. In the event of any conflict between the provisions of the Plan and the provisions of this
Agreement, the provisions of the Plan will govern. 

  

	 	i.	 Participant Bound by Plan. By accepting this Agreement, Participant hereby acknowledges receipt of a
copy of the prospectus and Plan document accessible on the Company Intranet and agrees to be bound by all the terms and provisions thereof. 

  

	 	j.	 Binding Effect. This Agreement will be binding upon and inure to the benefit of the legatees,
distributees, and personal representatives of the Participant and the successors of the Company. 

  

	 	k.	 Performance Goal Adjustments. Pursuant to Section 10(c) of the Plan, the Committee may at any time,
in its sole discretion, remove or revise any performance goals or other performance objectives for this Goal-Based Stock Award. The Committee may exercise negative discretion to reduce payments under this Agreement as it deems appropriate.

  

	 	l.	 Section 409A. This Agreement and the Goal-Based Stock award arrangement described
herein is intended to comply with Section 409A of the Internal Revenue Code of 1986, as amended (“Code Section 409A”), and shall be interpreted to the maximum extent possible in accordance with such intent. To the extent
necessary to comply with Code Section 409A, no payment will be made earlier than six months after a Participant’s termination of employment other than for death if the Award is subject to Code Section 409A and the Participant is a
“specified employee” (within the meaning of Code Section 409A(a)(2)(B)(i)). 

  
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 EXHIBIT A 

DOMINION ENERGY, INC. 

2019 GOAL-BASED STOCK AWARD AGREEMENT 

PERFORMANCE CRITERIA 

Total Shareholder Return 
 Relative TSR
Performance will be measured based on where the Company’s total shareholder return during the Performance Period ranks in relation to the total shareholder returns of the companies that are members of the Company’s compensation peer group
as of the Date of Grant as set forth below (the “Comparison Companies”): 
  

							
		 	Ameren Corporation	  	Exelon Corporation	  	
		 	American Electric Power Company	  	FirstEnergy Corporation	  	
		 	CenterPoint Energy	  	NextEra Energy	  	
		 	Consolidated Edison Company	  	PG&E Corporation	  	
		 	DTE Energy Company	  	PPL Corporation	  	
		 	Duke Energy Corporation	  	Public Service Enterprise Group	  	
		 	Edison International	  	Southern Company	  	
		 	Entergy Corporation	  	Xcel Energy	  	
		 	Eversource Energy	  		  	

 The Comparison Companies shall be adjusted during the Performance Period as follows: 

 

	 	(i)	 In the event of a merger, acquisition or business combination transaction of a Comparison Company with or by
another Comparison Company, effective upon the public announcement of the transaction, the surviving entity shall remain a Comparison Company and the non-surviving entity shall cease to be a Comparison Company
(provided that, if the proposed transaction is subsequently terminated before the Relative TSR Performance is calculated, then the non-surviving company shall be retroactively reinstated as a Comparison
Company); 

  

	 	(ii)	 If it is publicly announced that a Comparison Company will be acquired by another company that is not a
Comparison Company, or in the event a “going private transaction” is publicly announced where the Comparison Company will not be the surviving entity or will otherwise no longer be publicly traded, the company shall cease to be a
Comparison Company as of the date such announcement is made (provided that, if the proposed transaction is subsequently terminated before the Relative TSR Performance is calculated, then the company shall be retroactively reinstated as a Comparison
Company); 

  

	 	(iii)	 In the event of a spinoff, divestiture, or sale of a substantial portion of assets of a Comparison Company, the
Comparison Company shall no longer be a Comparison Company if the company’s reported revenue (in its GAAP accounts) for the four most recently reported quarters ending on or before the last day of the Performance Period falls below 40% of
Dominion Energy’s reported revenue for last year of the Performance Period; and 

  

	 	(iv)	 In the event of a bankruptcy of a Comparison Company, such company shall remain a Comparison Company and its
stock price will continue to be tracked for purposes of 

  
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Relative TSR Performance. If the company liquidates, it will remain a Comparison Company and its stock price will be reduced to zero for the remaining Performance Period. 

Total shareholder return consists of the difference between the value of a share of common stock at the beginning and end of the Performance Period, plus the
value of gross dividends paid as if reinvested in stock and other appropriate adjustments for such events as stock splits. For purposes of TSR Performance, the total shareholder return of the Company and the Comparison Companies will be calculated
using Bloomberg.1 As soon as practicable after the completion of the Performance Period, the total shareholder returns of the Comparison Companies will be calculated and ranked from highest to
lowest by the Committee. The Company’s total shareholder return will then be ranked in terms of which percentile it would have placed in among the Comparison Companies. 

Absolute TSR Performance will be the Company’s total shareholder return on an average annual basis for the Performance Period. 

Price-Earnings Ratio 
 Price-Earnings
Ratio performance will be measured based on where the Company’s Price-Earnings Ratio ranks in relation to the Price-Earnings Ratios of the Comparison Companies. For purposes of Price-Earnings Ratio performance, the relative Price-Earnings Ratio
performance of the Company and the Comparison Companies will be determined using such method as the Committee shall determine. As soon as practicable after the completion of the Performance Period, the Price-Earnings Ratios of the Comparison
Companies will be determined and ranked from highest to lowest by the Committee, using three methods: 
  

	 	•	 	 First, using closing stock prices on the final day of the Performance Period divided by the operating earnings
per share (“Operating EPS”) for the Company and the Comparison Companies over the most recently completed four-quarter period. If required based on the availability of data, the four quarters ended September 302 of the final year of the Performance Period can be utilized for estimating relative Price-Earnings Ratio performance. 

 

	 	•	 	 Second, using closing stock prices on the final day of the Performance Period divided by the estimated Operating
EPS for the Company and the Comparison Companies for the final year of the Performance Period3. 

  

	 	•	 	 Third, using closing stock prices on the final day of the Performance Period divided by the estimated Operating
EPS for the Company and the Comparison Companies for the following calendar year4. 

  

 

	1 	 Specifically, using the function “CUST-TRR-RETURN-PER” or successor functions as defined by Bloomberg. 

	2 	 The source of quarterly operating earnings per share shall the companies’ quarterly earnings release
statements. 

	3 	 The forward-looking P/E multiple shall be sourced from Bloomberg. Specifically, the closing stock price using
the function “PX_LAST”, and the EPS using the function “EEPS_CURR_YR” or successor functions as defined by Bloomberg. 

	4 	 The forward-looking P/E multiple shall be sourced from Bloomberg. Specifically, the closing stock price using
the function “PX_LAST”, and the EPS using the function “EEPS_NXT_YR” or successor functions as defined by Bloomberg. 

  
 ii 

 For each method, the Company’s Price-Earnings Ratio will then be ranked in terms of which percentile it
placed in among the Comparison Companies for the Committee’s determination. The Committee will, in its sole discretion, select which of the three methods to use to calculate final payouts under the Performance Grants. 

Return on Invested Capital 
 Return on
Invested Capital (ROIC) 
 The following terms are used to calculate ROIC for purposes of the 2019 Goal-Based Stock Award: 

ROIC means Total Return divided by Average Invested Capital. Performance will be calculated for the three successive fiscal years within the
Performance Period, added together and then divided by three to arrive at an annual average ROIC for the Performance Period. 
 Total Return means
Operating Earnings plus After-tax Interest & Related Charges, determined for each of the three successive fiscal years within the Performance Period. 

Operating Earnings means operating earnings as disclosed on the Company’s earnings report furnished on Form
8-K for the applicable fiscal year. 
 Average Invested Capital means the Average Balances for
Long & Short-term Debt plus Preferred Equity plus Common Shareholders’ Equity. The Average Balances for a year are calculated by performing the calculation at the end of each quarter during the fiscal year (including in the fiscal
year’s opening balance sheet) and then averaging those amounts over five quarters. Long and short-term debt shall be as reported in the Company’s consolidated balance sheet prepared under GAAP, net of cash and cash equivalents. 

Average Invested Capital will be calculated by excluding (i) accumulated other comprehensive income/(loss) from Common Shareholders’ Equity
(as shown on the Company’s financial statements); (ii) impacts from changes in accounting principles that were not prescribed as of the Date of Grant; and (iii) the effects of incremental impacts from
non-operating gains or losses during the Performance Period, as disclosed on the Company’s earnings report furnished on Form 8-K, that were not included in the
projection on which the original ROIC calculation was based at the time of the grant.

  
 iiiEX-10.44

 EXHIBIT 10.44 

DOMINION ENERGY, INC. 

RESTRICTED STOCK AWARD AGREEMENT 
  

							
	PARTICIPANT	  	DATE OF GRANT	  	NUMBER OF SHARES OF RESTRICTED STOCK
GRANTED
	 «First_Name» «Last_Name»
	  	February 5, 2019	  	«##,###»
			
	PERSONNEL NUMBER	  	VESTING DATE	  	VESTING SCHEDULE
	 	  	 	  	 Vesting Date
	  	 Percentage

	 «#####»
	  	February 1, 2022	  	February 1,
2022	  	100%

 THIS AGREEMENT, effective as of the Date of Grant shown above, between Dominion Energy, Inc., a Virginia corporation (the
“Company”) and the Participant named above is made pursuant and subject to the provisions of the Dominion Energy, Inc. 2014 Incentive Compensation Plan and any amendments thereto (the “Plan”). All terms used in this Agreement
that are defined in the Plan have the same meaning given to such terms in the Plan. 
  

	 	1.	 Award of Stock. Pursuant to the Plan, the Number of Shares of Restricted Stock Granted shown
above (the “Restricted Stock”) were awarded to the Participant on the Date of Grant shown above, subject to the terms and conditions of the Plan, and subject further to the terms and conditions set forth in this Agreement.

  

	 	2.	 Vesting. Except as provided in Sections 3, 4, 5 or 6, one hundred percent (100%) of the shares of
Restricted Stock awarded under this Agreement will vest on the Vesting Date shown above. 

  

	 	3.	 Forfeiture. Except as provided in Sections 4 or 5, the Participant will forfeit any and all
rights in the Restricted Stock if the Participant’s employment with the Company or a Dominion Company terminates for any reason prior to the Vesting Date. 

 

	 	4.	 Death, Disability, Retirement or Involuntary Termination without Cause. Except as provided in
Section 5, if the Participant terminates employment due to death, Disability, or Retirement (as such term is defined in Section 8(e)) before the Vesting Date or if the Participant’s employment is involuntarily terminated by the
Company or a Dominion Company without Cause (as defined in the Employment Continuity Agreement between the Participant and the Company) before the Vesting Date, the Participant will become vested in the number of shares of Restricted Stock awarded
under this Agreement multiplied by a fraction, the numerator of which is the number of whole months from February 1, 2019 to the first day of the month coinciding with or immediately following the date of the Participant’s termination of
employment, and the denominator of which is the number of whole months from February 1, 2019 to the Vesting Date, rounded 

  
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down to the nearest whole share. If the Participant Retires, however, the Participant’s Restricted Stock will not vest if the Company’s Chief Executive Officer in his sole discretion
(or, if the Participant is the Company’s Chief Executive Officer, the Committee in its sole discretion) determines that the Participant’s Retirement is detrimental to the Company. The vesting will occur on the date of the
Participant’s termination of employment due to death, Disability, Retirement, or termination by the Company without Cause. Any shares of Restricted Stock that do not vest in accordance with this Section 4 will be forfeited.

  

	 	5.	 Change of Control. Upon a Change of Control prior to the Vesting Date, provided the Participant
has remained continuously employed with the Company or a Dominion Company from the Date of Grant to the date of the Change of Control, the Participant’s rights in the Restricted Stock will become vested as follows: 

 

	 	a.	 A portion of the Restricted Stock will be immediately vested equal to the number of shares of Restricted Stock
awarded under this Agreement multiplied by a fraction, the numerator of which is the number of whole months from February 1, 2019 to the Change of Control date, and the denominator of which is the number of whole months from February 1,
2019 to the Vesting Date, rounded down to the nearest whole share. 

  

	 	b.	 Unless previously forfeited, the remaining shares of Restricted Stock will become vested after a Change of
Control at the earliest of the following events and in accordance with the terms described in subsections (i) through (iii) below: 

  

	 	(i)	 Vesting Date. All remaining shares of Restricted Stock will become vested on the Vesting Date.

  

	 	(ii)	 Death, Disability or Retirement. If the Participant terminates employment due to death, Disability or
Retirement (as defined in Section 8(e)) before the Vesting Date, the Participant will become vested in the remaining shares of Restricted Stock multiplied by a fraction, the numerator of which is the number of whole months from the first day of
the month in which the Change of Control occurs to the first day of the month coinciding with or immediately following the Participant’s termination of employment, and the denominator of which is the number of whole months from the first day of
the month in which the Change of Control occurs to the Vesting Date, rounded down to the nearest whole share. If the Participant Retires, however, the Participant’s Restricted Stock will not vest if the Company’s Chief Executive Officer in
his sole discretion (or, if the Participant is the Company’s Chief Executive Officer, the Committee in its sole discretion) determines that the 

  
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Participant’s Retirement is detrimental to the Company. The vesting will occur on the date of the Participant’s termination of employment due to death, Disability, or Retirement. Any
shares of the Restricted Stock that do not vest in accordance with the terms of this subsection (ii) will be forfeited. 

  

	 	(iii)	 Involuntary Termination without Cause. All remaining shares of Restricted Stock will become vested upon
the Participant’s involuntary termination by the Company or a Dominion Company without Cause before the Vesting Date, or upon the Participant’s Constructive Termination before the Vesting Date, as such terms are defined by the Employment
Continuity Agreement between the Participant and the Company. 

  

	 	6.	 Termination for Cause. Notwithstanding any provision of this Agreement to the contrary, if the
Participant’s employment with the Company or a Dominion Company is terminated for Cause (as defined by the Employment Continuity Agreement between the Participant and the Company), the Participant will forfeit all Restricted Stock shares
awarded pursuant to this Agreement. 

  

	 	7.	 Clawback of Award Payment. 

 

	 	a.	 Restatement of Financial Statements. If the Company’s financial statements are required to be
restated at any time within a two (2) year period following the Vesting Date as a result of fraud or intentional misconduct, the Committee may, in its discretion, based on the facts and circumstances surrounding the restatement, direct the
Company to withhold issuance of all or a portion of the shares granted pursuant to this Agreement, or if shares have been issued, to recover all or a portion of the shares from the Participant if the Participant’s conduct directly caused or
partially caused the need for the restatement. 

  

	 	b.	 Fraudulent or Intentional Misconduct. If the Company determines that the Participant has engaged in
fraudulent or intentional misconduct related to or materially affecting the Company’s business operations or the Participant’s duties at the Company, the Committee may, in its discretion, based on the facts and circumstances surrounding
the misconduct, direct the Company to withhold issuance of all or a portion of the shares granted pursuant to this Agreement, or if shares have been issued, to recover all or a portion of the shares from the Participant. 

 

	 	c.	 Recovery of Payout. The Company reserves the right to recover a Restricted Stock Award payout pursuant
to this Section 7 by (i) seeking recovery of the vested shares from the Participant; (ii) reducing the amount that would otherwise be payable to the Participant under another Company benefit plan or compensation program to the extent
permitted by 

  
 3 

	 	
applicable law; (iii) withholding future annual and long-term incentive awards or salary increases; or (iv) taking any combination of these actions. 

 

	 	d.	 No Limitation on Remedies. The Company’s right to recover Restricted Stock or issued shares
pursuant to this Section 7 shall be in addition to, and not in lieu of, actions the Company may take to remedy or discipline a Participant’s misconduct including, but not limited to, termination of employment or initiation of a legal
action for breach of fiduciary duty. 

  

	 	e.	 Subject to Future Rulemaking. The Restricted Stock granted under this Agreement is subject to any claw
back policies the Company may adopt in order to conform to the requirements of Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act and resulting rules issued by the Securities and Exchange Commission or national
securities exchanges thereunder and that the Company determines should apply to said Restricted Stock. 

  

	 	8.	 Terms and Conditions. 

 

	 	a.	 Nontransferability. Except as provided in Sections 4 and 5, the shares of Restricted Stock are not
transferable and are subject to a substantial risk of forfeiture until the Vesting Date. 

  

	 	b.	 Uncertificated Shares; Power of Attorney. The Company may issue the Restricted Shares in uncertificated
form. Such uncertificated shares shall be credited to a book entry account maintained by the Company (or its transfer agent) on behalf of the Participant. As a condition of accepting this award, the Participant hereby irrevocably appoints Dominion
Energy Services, Inc., or its successor, as the Participant’s attorney-in-fact, with full power of substitution, to transfer (or provide instructions to the
Company’s transfer agent to transfer) such shares on the Company’s books. 

  

	 	c.	 Custody of Share Certificates; Stock Power. The Company will retain custody of any share certificates
for the Restricted Stock that may be issued until such shares vest or are forfeited. If share certificates are issued, the Participant shall execute and deliver a stock power, endorsed in blank, to Dominion Energy Services, Inc., with respect to
such shares. 

  

	 	d.	 Shareholder Rights. The Participant will have the right to receive dividends and will have the right to
vote the shares of Restricted Stock awarded under Section 1, both vested and unvested. 

  

	 	e.	 Retirement. For purposes of this Agreement, the term Retire or Retirement means a voluntary termination
of employment on a date when the Participant is eligible for early or normal retirement benefits under the 

  
 4 

	 	
terms of the Company Pension Plan (as defined below), or would be eligible if any crediting of deemed additional years of age or service applicable to the Participant under a supplemental
retirement plan of the Company was applied under the Company Pension Plan, as in effect at the time of the determination, or, for a Participant who is not eligible to participate in a Company Pension Plan, a voluntary termination of employment on or
after age 55, unless (in each case) the Company’s Chief Executive Officer in his sole discretion (or, if the Participant is the Company’s Chief Executive Officer, the Committee in its sole discretion) determines that the Participant’s
retirement is detrimental to the Company. “Company Pension Plan” means the applicable pension plan of the Company or its subsidiaries, if any, in which the Participant is eligible to participate as of the Date of Grant, which may include
either the Dominion Energy Pension Plan or the SCANA Corporation Retirement Plan or any successor thereto, but excluding the cash balance portion of any such plan. 

 

	 	f.	 Delivery of Shares. 

 

	 	(i)	 Share Delivery. On or as soon as administratively feasible after the Vesting Date or the date on which
the shares of Restricted Stock have become vested due to the occurrence of an event described in Section 4 or 5, the Company will remove (or provide instructions to its transfer agents to remove) the transfer restrictions described herein, and
(if any share certificate has been issued) shall deliver to the Participant (or in the event of the Participant’s death, the Participant’s Beneficiary) any such certificates free of the transfer restrictions described herein. The Company
will also cancel any stock power covering such shares. 

  

	 	(ii)	 Withholding of Taxes. No Company Stock will be delivered until the Participant (or the
Participant’s Beneficiary) has paid to the Company the amount that must be withheld under federal, state and local income and employment tax laws (the “Applicable Withholding Taxes”) or the Participant and the Company have made
satisfactory arrangements for the payment of such taxes. Unless the Participant makes an alternative election, the Company will retain the number of shares of Restricted Stock (valued at their Fair Market Value) required to satisfy the Applicable
Withholding Taxes. As an alternative to the Company retaining shares, the Participant or the Participant’s Beneficiary may elect to (i) deliver Mature Shares (valued at their Fair Market Value) or (ii) make a cash payment to satisfy
Applicable Withholding Taxes. 

  

	 	g.	 Fractional Shares. Fractional shares of Company Stock will not be issued. 

  
 5 

	 	h.	 No Right to Continued Employment. This Agreement does not confer upon the Participant any right with
respect to continuance of employment by the Company or a Dominion Company, nor shall it interfere in any way with the right of the Company or a Dominion Company to terminate the Participant’s employment at any time. 

 

	 	i.	 Change in Capital Structure. The number and fair market value of shares of Restricted Stock awarded by
this Agreement shall be automatically adjusted as provided in Section 18(a) of the Plan if the Company has a change in capital structure. 

  

	 	j.	 Governing Law. This Agreement shall be governed by the laws of the Commonwealth of Virginia, other than
its choice of law provisions. 

  

	 	k.	 Conflicts. In the event of any conflict between the provisions of the Plan and the provisions of this
Agreement, the provisions of the Plan shall govern. 

  

	 	l.	 Participant Bound by Plan. By accepting this Agreement, Participant hereby acknowledges receipt of a
copy of the prospectus and Plan document accessible on the Company Intranet and agrees to be bound by all the terms and provisions thereof. 

  

	 	m.	 Binding Effect. This Agreement shall be binding upon and inure to the benefit of the legatees,
distributees, and personal representatives of the Participant and any successors of the Company. 

  
 6

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