EDISON INTERNATIONAL
Shareholder Proposals
Item 4
Require named executive officers to retain 25% of net after-tax shares acquired through equity compensation until retirement.
The proposal asks the Board to adopt a policy requiring the five named executive officers to retain a significant percentage of stock (recommended 25% of net after-tax shares) acquired through equity pay programs until retirement, and to report the policy in the next proxy statement. It would prohibit hedging of shares subject to the policy and supplement existing ownership requirements, while permitting implementation without violating existing contractual obligations. The proponent argues the retention requirement would better align executives with long-term shareholder value and cites recent stock price declines and wildfire-related litigation/regulatory risk as supporting rationale. The proposal also encourages enhanced board-level oversight and reporting on wildfire risk mitigation and related preparedness.