Edison International Files Definitive Proxy Statement (DEF 14A)

Ticker: EIX · Form: DEF 14A · Filed: 2024-03-15T00:00:00.000Z

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Edison International, Executive Compensation, Corporate Governance

TL;DR

<b>Edison International has submitted its Definitive Proxy Statement (DEF 14A) for the period ending April 25, 2024.</b>

AI Summary

EDISON INTERNATIONAL (EIX) filed a Proxy Statement (DEF 14A) with the SEC on March 15, 2024. Edison International filed its Definitive Proxy Statement (DEF 14A) on March 15, 2024. The filing covers the period ending April 25, 2024. The company's fiscal year ends on December 31. Edison International is classified under Electric Services (SIC 4911). The filing includes detailed compensation data for PEO and Non-PEO members for the fiscal years 2023 and 2022.

Why It Matters

For investors and stakeholders tracking EDISON INTERNATIONAL, this filing contains several important signals. This filing provides crucial information for shareholders regarding executive compensation, director nominations, and other corporate governance matters, enabling informed voting decisions. As a DEF 14A filing, it details the company's financial performance and executive remuneration, offering insights into management's alignment with shareholder interests.

Risk Assessment

Risk Level: low — EDISON INTERNATIONAL shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate governance procedures rather than immediate financial distress or significant operational changes.

Analyst Insight

Shareholders should review the executive compensation details and any proposed governance changes to make informed voting decisions at the upcoming meeting.

Key Numbers

Key Players & Entities

FAQ

When did EDISON INTERNATIONAL file this DEF 14A?

EDISON INTERNATIONAL filed this Proxy Statement (DEF 14A) with the SEC on March 15, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by EDISON INTERNATIONAL (EIX).

Where can I read the original DEF 14A filing from EDISON INTERNATIONAL?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by EDISON INTERNATIONAL.

What are the key takeaways from EDISON INTERNATIONAL's DEF 14A?

EDISON INTERNATIONAL filed this DEF 14A on March 15, 2024. Key takeaways: Edison International filed its Definitive Proxy Statement (DEF 14A) on March 15, 2024.. The filing covers the period ending April 25, 2024.. The company's fiscal year ends on December 31..

Is EDISON INTERNATIONAL a risky investment based on this filing?

Based on this DEF 14A, EDISON INTERNATIONAL presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating standard corporate governance procedures rather than immediate financial distress or significant operational changes.

What should investors do after reading EDISON INTERNATIONAL's DEF 14A?

Shareholders should review the executive compensation details and any proposed governance changes to make informed voting decisions at the upcoming meeting. The overall sentiment from this filing is neutral.

How does EDISON INTERNATIONAL compare to its industry peers?

Edison International operates within the electric services industry, providing electricity generation, transmission, and distribution.

Are there regulatory concerns for EDISON INTERNATIONAL?

As an electric utility, Edison International is subject to extensive regulation by state and federal bodies concerning rates, service quality, and environmental standards.

Industry Context

Edison International operates within the electric services industry, providing electricity generation, transmission, and distribution.

Regulatory Implications

As an electric utility, Edison International is subject to extensive regulation by state and federal bodies concerning rates, service quality, and environmental standards.

What Investors Should Do

  1. Review executive compensation packages and any proposed changes to the company's compensation policies.
  2. Examine director nominations and qualifications presented in the proxy statement.
  3. Understand any shareholder proposals and the company's recommendations on how to vote on them.

Key Dates

Year-Over-Year Comparison

This is the initial filing of the DEF 14A for the reporting period, providing current information on executive compensation and corporate governance.

Filing Stats: 4,341 words · 17 min read · ~14 pages · Grade level 15 · Accepted 2024-03-15 16:05:31

Key Financial Figures

Filing Documents

Election of Directors

ITEM 1 Election of Directors 4 Our Director Nominees 4 Board Diversity 5 Director Skills Matrix 6 Director Biographies 12 Corporate Governance 12 Governance Highlights 12 Shareholder Engagement 13 Governance Structure and Processes 18 Board Committees 21 Board Oversight of Strategy, Risk and ESG 21 Strategy Oversight 21 Risk Oversight 23 ESG Oversight 25 Director Compensation 25 Director Compensation Table – Fiscal Year 2023 27 Stock Ownership 27 Directors, Director Nominees and Executive Officers 28 Other Shareholders 29

Ratification of the Independent Registered Public Accounting Firm

ITEM 2 Ratification of the Independent Registered Public Accounting Firm 30 Independent Auditor Fees 30 Audit Committee Report 31

Advisory Vote to Approve Executive Compensation

ITEM 3 Advisory Vote to Approve Executive Compensation 32

Shareholder Proposal Regarding Lobbying

ITEM 4 Shareholder Proposal Regarding Lobbying 34 Compensation Discussion and Analysis 35 Compensation Summary 38 What We Pay and Why: Elements of Total Direct Compensation 47 How We Make Compensation Decisions 50 Post-Employment and Other Benefits 51 Other Compensation Policies and Guidelines 52 Compensation Committee Report 52 Compensation Committee Interlocks and Insider Participation 53

Executive Compensation

Executive Compensation 53 Summary Compensation Table – Fiscal Years 2021, 2022 and 2023 55 Grants of Plan-Based Awards Table – Fiscal Year 2023 56 Outstanding Equity Awards Table – Fiscal Year-End 2023 58 Option Exercises and Stock Vested Table – Fiscal Year 2023 58 Pension Benefits Table 61 Non-Qualified Deferred Compensation Table – Fiscal Year 2023 62 Potential Payments Upon Termination or Change in Control 66 Pay Versus Performance 70 CEO Pay-Ratio Disclosure www.edison.com/investors 2024 Proxy Statement iii Table of Contents Notice of 2024 Annual Meeting Notice of 2024 Annual Meeting MEETING DATE AND TIME April 25, 2024 9:00 a.m., Pacific Time LOCATION Edison International 2244 Walnut Grove Avenue Rosemead, California 91770 Items of Business 1 Election of Directors FOR Jeanne Beliveau-Dunn James T. Morris Marcy L. Reed Peter J. Taylor Michael C. Camuez Timothy T. O'Toole Carey A. Smith Keith Trent Vanessa C.L. Chang Pedro J. Pizarro Linda G. Stuntz 2 Ratification of the Independent Registered Public Accounting Firm FOR 3 Advisory Vote to Approve Executive Compensation FOR 4 Shareholder Proposal Regarding Lobbying AGAINST Shareholders may also vote on any other matters properly brought before the meeting. Your vote is important. Please vote by Internet, telephone or mail as soon as possible to ensure your vote is recorded. Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting to Be Held on April 25, 2024 This Proxy Statement and the Annual Report on Form 10-K for the year ended December 31, 2023 (the "Annual Report") are available at www.edison.com/annualmeeting . For the Board of Directors, Adam S. Umanoff Executive Vice President, General Counsel and Corporate Secretary Edison International 2244 Walnut Grove Avenue Rosemead, CA 91770 March 15, 2024 www.edison.com/investors 2024 Proxy Statement 1 Table of Contents Meeting and Voting Info

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