The company said the Compensation and Talent Development Committee of January 23, 2025 approved the 2025 Annual Incentive Plan. Officers are eligible for an annual performance-based cash award, with payouts set at 0% to 200% of target funding.

1. 01

   The company said the Compensation and Talent Development Committee of January 23, 2025 approved the 2025 Annual Incentive Plan. Officers are eligible for an annual performance-based cash award, with payouts set at 0% to 200% of target funding.

2. 02

   Dominion Energy said Edward H. Baine's title changed to President – Utility Operations and Dominion Energy Virginia, effective January 1, 2025. Effective the same day, his annual base salary is $643,537, his AIP target is 80% of base salary, and his long-term incentive award target value is $1,250,000.

3. 03

   The company said it approved cash and restricted stock awards for Baine, Brown and Ridge. Baine received a cash award of $150,000 and a restricted stock award of $150,000, while Brown and Ridge each received a cash award of $150,000 and a restricted stock award of $350,000.

4. 04

   The company said the restricted stock awards are issued under the 2024 Incentive Compensation Plan and are subject to a 3-year cliff vesting period. All awards are subject to clawback provisions, and cash awards must be repaid in full if the recipient voluntarily resigns within 1 year of payment.

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