Edison International (EIX) Proxy Filing summary

Executive summary

• The annual meeting will be held virtually on April 24, 2025, with shareholders voting on director elections, auditor ratification, executive compensation, an amendment to the performance incentive plan, and a shareholder proposal on severance pay arrangements.

• The company responded to major wildfires in early 2025, deploying significant resources for restoration and committing $1 million to relief efforts, while investigating the cause and maintaining transparency.

• Clean energy transition remains a core focus, with 46% of 2024 power from carbon-free sources, major investments in energy storage, and a reaffirmed net-zero commitment by 2045.

• 2024 core EPS increased to $4.93 from $4.76, driven by higher approved revenue and rate of return, with a 6.1% dividend increase and a 5–7% EPS growth target for 2025–2028.

Voting matters and shareholder proposals

• Shareholders will vote on the election of 11 directors, ratification of PwC as auditor, advisory approval of executive compensation, amendment of the 2007 Performance Incentive Plan, and a shareholder proposal on severance pay arrangements.

• The board recommends voting for all management proposals and against the shareholder proposal regarding severance pay arrangements.

Board of directors and corporate governance

• The board is led by an independent chair and consists of a majority of independent directors, with annual evaluations and a mandatory retirement age of 72.

• Board diversity is emphasized, with gender parity among independent directors and a mix of skills in leadership, risk management, technology, ESG, and utility operations.

• Jennifer Granholm joins as a new director nominee, bringing clean energy and cybersecurity expertise.

• The board conducts annual succession planning and maintains robust shareholder engagement, meeting with holders of over 50% of shares in the past year.