Tennessee Valley Authority
For the period ended Dec 31, 2023. Filed Jan 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Jan 30, 2024
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ITEM 5. OTHER INFORMATION
Insider Trading Arrangements and Policies
During the three months ended December 31, 2023, no director or officer of TVA notified TVA of the adoption or termination of a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement," as each term is defined in Item 408(a) of Regulation S-K.
Amended and Restated Executive Severance Plan
On January 26, 2024, the Chief Executive Officer amended and restated TVA's Executive Severance Plan to eliminate the additional benefits available to participants in connection with a change in control. A copy of the Amended and Restated Executive Severance Plan is attached as Exhibit 10.1 to this report and is incorporated herein by reference. The foregoing description is qualified in its entirety by reference to such document.
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