Tennessee Valley Authority
For the period ended Dec 31, 2024. Filed Feb 5, 2025.
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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, 2024 · Filed Feb 5, 2025
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ITEM 5. OTHER INFORMATION
Insider Trading Arrangements and Policies
During the three months ended December 31, 2024, 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 Annual Incentive Plan
On January 30, 2025, TVA amended and restated its Executive Annual Incentive Plan (“EAIP”) to eliminate the use of the corporate multiplier and to authorize the TVA Board of Directors ("TVA Board") to utilize a standard discretionary range to adjust the scorecard achievement by plus or minus 20 percent beginning with the fiscal year 2025 performance cycle. This standard discretionary range allows the TVA Board to account for extraordinary occurrences or significant events that impact TVA’s performance. A copy of the amended and restated EAIP, which also includes minor administrative revisions, is attached as an exhibit 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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