DOMINION ENERGY, INC 8-K

What Happened

• Dominion Energy, Inc. filed an 8-K (Feb 3, 2026) reporting that its Compensation and Talent Development Committee approved the 2026 Annual Incentive Plan (AIP) on January 30, 2026.
• Under the AIP, company officers are eligible for annual performance-based cash awards. Each officer has a target award expressed as a percentage of base salary, and actual payouts will depend on performance goals chosen by the Committee from measures in Dominion’s 2024 Incentive Compensation Plan.

Key Details

• Approval date: January 30, 2026; 8-K filed February 3, 2026.
• Payout range: potential funding from 0% to 200% of each officer’s target.
• Awards: annual, cash-based, with target amounts set as a percentage of base salary.
• Performance measures: to be selected by the Compensation and Talent Development Committee from those in the 2024 Incentive Compensation Plan.

Why It Matters

• This sets the framework for management cash compensation for 2026, linking pay to company performance and specific metrics.
• The broad 0%–200% funding range means actual cash payouts could be materially lower or higher than target, affecting cash compensation expense and incentives for executives.
• Investors should note this reflects the company’s governance decision on executive incentives but does not change leadership or report specific target amounts or metrics in this filing.