Sunrun (RUN) Proxy Filing summary

Executive summary

• Achieved 1,000,000+ customers in 2024, a 12% year-over-year increase, with 7.5 GW of networked solar capacity and 79% growth in customer additions with storage.

• Ended 2024 with $17.8B in gross earning assets and $6.8B in net earning assets, both up significantly from the prior year.

• Focused on sustainable, repeatable cash generation and disciplined cost management amid industry volatility and rising interest rates.

• Enhanced stockholder engagement, incorporating feedback into governance and compensation practices.

Voting matters and shareholder proposals

• Election of three Class I directors for one-year terms.

• Advisory vote on executive compensation (say-on-pay).

• Ratification of Ernst & Young LLP as independent auditor for 2025.

• Approval of amended and restated 2015 Equity Incentive Plan, removing the evergreen feature and adding governance best practices.

• Advisory vote on frequency of say-on-pay, with the board recommending annual votes.

Board of directors and corporate governance

• Board consists of eight members, with a majority independent and annual elections for all directors beginning in 2026.

• Lead Independent Director role established; all board committees are fully independent.

• Board skills include leadership, finance, risk management, sustainability, and technology.

• Annual board and committee self-assessments and director continuing education in place.