UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On April 16, 2024, the Organization and Compensation Committee of the Board of Directors of Public Service Enterprise Group Incorporated (PSEG) adopted an amendment to PSEG’s Key Executive Severance Plan (KESP), effective as of April 16, 2024. The KESP amendment incorporates the following changes: updates benefits eligibility language and specifies the situations in which employees are eligible or not eligible for benefits; provides that, under specified circumstances, employees are eligible for severance benefits under a voluntary exit incentive program; removes references to PSEG Energy Resources and Trade LLC (ER&T), as the separate incentive plan for ER&T employees has closed; and incorporates certain other administrative amendments and clarifications. The foregoing description of the KESP amendment does not purport to be complete and is qualified in its entirety by reference to the amended KESP, a copy of which is attached hereto as Exhibit 10.1 and the terms of which are incorporated herein by reference.
| Item 9.01 |
Financial Statements and Exhibits. |
| Exhibit 10.1 |
Key Executive Severance Plan of Public Service Enterprise Group Incorporated | |
| Exhibit 104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURE
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 thereunto duly authorized.
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PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED | ||
| (Registrant) | ||
| By: | /s/ Rose M. Chernick | |
| ROSE M. CHERNICK | ||
| Vice President and Controller (Principal Accounting Officer) | ||
Date: April 18, 2024