Dominion Energy (NYSE: D) adopts 2026 performance-based cash incentive plan for officers

Rhea-AI Filing Summary

Dominion Energy, Inc. approved its 2026 Annual Incentive Plan, which provides performance-based cash bonuses for company officers. Each officer’s target award is set as a percentage of base salary.

Actual payouts will depend on performance goals chosen by the Compensation and Talent Development Committee from measures in Dominion Energy’s 2024 Incentive Compensation Plan, with funding that can range from 0% to 200% of the target amount.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Understanding 8-K Material Events →

DOMINION ENERGY, INC false 0000715957 0000715957 2026-01-30 2026-01-30

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 30, 2026

Dominion Energy, Inc.

(Exact name of Registrant as Specified in Its Charter)

Virginia		001-08489		54-1229715
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

600 East Canal Street Richmond, Virginia		23219
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s Telephone Number, Including Area Code: (804) 819-2284

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, no par value		D		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

2026 Annual Incentive Plan

On January 30, 2026, the Dominion Energy, Inc. (“Dominion Energy”) Compensation and Talent Development Committee (“CTD Committee”) approved the 2026 Annual Incentive Plan (the “AIP”). Under the AIP, Dominion Energy’s officers are eligible for an annual performance-based cash award. Each officer has a target incentive award under the AIP based on a percentage of base salary.

Payouts under the AIP will be based on the achievement of certain performance goals to be determined by the CTD Committee from among the performance measures set forth in Dominion Energy’s 2024 Incentive Compensation Plan (the “2024 Incentive Compensation Plan”), with potential funding ranging from 0% to 200% of the target funding.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

DOMINION ENERGY, INC.
Registrant
By:		/s/ Regina J. Elbert
		Regina J. Elbert
		Senior Vice President and Chief Legal and Human Resources Officer

Date: February 3, 2026

FAQ

What did Dominion Energy (D) approve in the 2026 8-K filing?

Dominion Energy approved its 2026 Annual Incentive Plan, a performance-based cash bonus program for officers. The plan sets target awards as a percentage of base salary and links payouts to specific performance goals selected by the Compensation and Talent Development Committee.

Who is eligible for Dominion Energy’s 2026 Annual Incentive Plan?

Under the 2026 Annual Incentive Plan, Dominion Energy’s officers are eligible for performance-based cash awards. Each officer receives a target incentive opportunity tied to base salary, with actual payouts depending on the achievement of performance measures chosen by the Compensation and Talent Development Committee.

How are payouts determined under Dominion Energy’s 2026 Annual Incentive Plan?

Payouts are based on achievement of performance goals selected from the 2024 Incentive Compensation Plan. The Compensation and Talent Development Committee sets these goals, and overall funding for awards can range from 0% to 200% of each officer’s target incentive opportunity for the year.

What performance measures can be used in Dominion Energy’s 2026 incentive plan?

The 2026 Annual Incentive Plan uses performance measures drawn from Dominion Energy’s 2024 Incentive Compensation Plan. The Compensation and Talent Development Committee chooses specific goals from that framework, and officers’ cash bonuses then depend on how well those goals are met during the performance period.

What is the potential payout range for Dominion Energy’s 2026 officer bonuses?

The 2026 Annual Incentive Plan allows funding from 0% to 200% of each officer’s target award. This means officers may receive no payout if goals are not met, or up to double their target incentive if performance significantly exceeds the established objectives set by the committee.

Which Dominion Energy committee oversees the 2026 Annual Incentive Plan?

Dominion Energy’s Compensation and Talent Development Committee oversees the 2026 Annual Incentive Plan. This committee approves the plan, selects performance goals from the 2024 Incentive Compensation Plan, and determines overall funding levels for officer bonuses based on goal achievement each year.