Dominion Energy Inc

1. 1

   Election of Directors

   ManagementBoard: FOR

   Election of 11 director nominees to hold office until the next annual meeting and until successors are elected or appointed.

2. 2

   Advisory Vote on Approval of Executive Compensation (Say on Pay

   ManagementBoard: FOR

   Non-binding, advisory vote to approve the compensation paid to the company’s named executive officers as described in the CD&A, compensation tables and narrative discussion.

   More detail

   This non-binding advisory proposal asks shareholders to approve the company’s disclosed executive compensation for the named executive officers, including the CD&A, tables and narrative. Management seeks shareholder approval to validate its compensation design, which emphasizes pay-for-performance through a substantial weighting of long-term equity and performance metrics (e.g., relative TSR, cumulative operating EPS and a non-carbon emitting generation capacity metric), uses annual incentives tied to operating EPS and includes robust share ownership guidelines and clawback provisions. The Board frames the proposal as a way for shareholders to express support for the design and governance of executive pay, and notes extensive shareholder outreach and prior strong Say-on-Pay support (95.7% in 2025). Key context includes the shift to PSUs for long-term pay, adjustments to target award levels for certain NEOs in 2025, and use of both short-term (AIP tied to operating EPS and operational scorecards) and long-term (PSUs/performance shares tied to TSR, EPS and NCGC) metrics. While the vote is advisory and non-binding, a favorable vote signals shareholder endorsement of pay practices; a negative vote would prompt the CTD Committee and Board to consider changes. The Board recommends a FOR vote because it believes the program aligns management incentives with long-term shareholder value, balances short- and long-term objectives, and incorporates shareholder feedback, while retaining discretion to adjust payouts for operational performance and risk management. The proxy discloses that compensation is heavily performance-based (for 2025, ~90% of CEO target pay was performance-based) and provides detailed rationale for metric selection and governance safeguards. Investors assessing the proposal should weigh the strong governance mechanisms (independent CTD Committee, independent consultant, clawbacks, share ownership guidelines) against any concerns about metric selection, payout outcomes, or the relative emphasis on ESG-linked metrics like NCGC.

3. 3

   Ratification of Appointment of Independent Auditor

   ManagementBoard: FOR

   Ratify the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for fiscal year ending December 31, 2026.

4. 4

   Shareholder Proposal – Independent Chair

   Shareholder — National Legal and Policy Center, 107 Park Washington Court, Falls Church, Virginia 22046 (holder of 45.967 shares of Dominion Energy, Inc. common stockBoard: AGAINST

   Shareholder request that the Board adopt a policy to require separation of the Chair and CEO offices and, when possible, that the Chair be an independent director.

   More detail

   This shareholder proposal demands that the Board adopt a binding policy—and amend governing documents if necessary—requiring separation of the Chair and CEO roles and, when possible, that the Chair be an independent director not previously CEO. The proponent (National Legal and Policy Center) argues that combining the roles concentrates power, undermines board independence and oversight, and cites governance studies and proxy-adviser guidance favoring independent chairs. Management opposes the proposal, arguing the Board needs flexibility to select the leadership structure appropriate to prevailing circumstances; it defends the current combined Chair/CEO model as effective for strategy communication and execution under the current CEO, emphasizes the presence of an empowered independent Lead Director and fully independent committees, and points to prior shareholder votes against similar proposals. Contextually, Dominion is a large regulated utility with complex regulatory, operational and political considerations—factors that boards cite when favoring a combined Chair/CEO to ensure coherent engagement with stakeholders and regulators—while investors and governance advocates argue separation enhances oversight and reduces entrenchment risk. The Board’s opposing statement references past shareholder rejections of similar proposals (2020, 2021, 2023, 2024) and highlights governance safeguards in place (independent Lead Director, independent committees, annual evaluations). Key governance trade-offs include potential benefits of independent oversight and agenda-setting versus potential loss of unified strategic voice and perceived operational efficiency; nomination and succession processes, lead director powers, and recent board refreshment history are salient company-specific elements. Shareholders should weigh the company’s regulatory exposure, recent governance actions (e.g., Lead Director empowerment, Bylaws updates), and the CEO’s tenure and performance when evaluating whether a rigid policy change is warranted versus retaining board discretion. Because the proposal would impose a structural, binding change to the company’s governance documents, it could limit the Board’s flexibility to respond to future strategic or leadership needs.

5. 5

   Shareholder Proposal – ESG and DEI Metrics in Executive Compensation Plans

   Shareholder — The Heritage Foundation, 214 Massachusetts Ave NE, Washington, D.C. 20002 (holder of 1,011 shares of Dominion Energy, Inc. common stockBoard: AGAINST

   Shareholder request that the Board commission and publish a report evaluating the risks to shareholder value, corporate reputation, and legal compliance associated with incorporating ESG and DEI metrics into executive compensation plans.

   More detail

   This shareholder proposal requests a formal report analyzing the risks to shareholder value, reputation and legal compliance from including ESG and DEI metrics in executive compensation. The proponent (Heritage Foundation) argues such metrics can be subjective, divert focus from financial performance, create legal/regulatory risk, and asks management to justify the use of metrics—citing Dominion’s use of a Non-Carbon Emitting Generation Capacity (NCGC) metric—as lacking clear linkage to shareholder value. Management counters that NCGC aligns with Virginia’s VCEA statutory requirements and long-term strategy, that the metric was adopted following shareholder engagement, and that shareholders have previously supported compensation programs including NCGC; management further notes the program’s governance safeguards. The request is narrow in asking for a risk assessment report rather than rescinding metrics; however, it raises governance questions concerning metric selection, measurement, disclosure and potential litigation/regulatory exposure. For investors, key considerations include the statutory/regulatory environment (VCEA), the demonstrated shareholder support for the current compensation design (historical Say-on-Pay results), whether the NCGC metric is measurable and linked to long-term value, and the costs/benefits of commissioning an independent risk report. The Board recommends AGAINST the proposal, citing redundancy with existing governance practices and shareholder outreach and asserting the metric supports strategic and regulatory compliance objectives. Shareholders should weigh the benefit of an independent risk assessment that could increase transparency against management’s position that the metric is appropriate, supported by prior shareholder votes and aligned with statutory objectives.

6. 6

   Shareholder Proposal – Additional Shareholder Engagement Channels

   Shareholder — Freeda Lynne Cathcart (holder of 133 shares of Dominion Energy, Inc. common stockBoard: AGAINST

   Shareholder request that the Board provide a report describing opportunities for additional shareholder engagement channels, such as a shareholder advisory panel or enhanced online portal, to create more two-way communication.

   More detail

   This shareholder proposal asks the Board to publish a report by Jan 1, 2027 describing options for dedicated shareholder engagement channels (e.g., advisory panel, enhanced online portal) to foster two-way communication and strategic input. The proponent argues that formal advisory structures and portals used at other large companies would improve oversight, bring outside expertise, and surface risks (for example extreme-weather liability and stranded-asset risk) that merit shareholder input. Management opposes the request, contending Dominion already operates a robust, multi-channel shareholder engagement program—including director participation, one-on-one investor meetings, investor conferences, engagement with proposal sponsors, earnings calls, and posted governance contacts—and warns that creating new formal channels could be duplicative, costly and create cybersecurity and administrative risks. The practical trade-offs include whether an advisory body would materially improve strategic oversight or simply add governance complexity and cost; whether an online portal could scale shareholder input while protecting security and confidentiality; and whether additional formal channels would meaningfully change Board responsiveness given existing engagement practices. Given the company’s stated high level of shareholder outreach and existing direct contact points (investor relations, Corporate Secretary, Lead Director access), the marginal benefit of the requested report depends on the shareholder base’s appetite for institutionalized engagement versus targeted, prioritized outreach. Investors should weigh the potential for improved two-way dialogue and expert input against the risks of duplication, governance overhead and information security concerns articulated by management.

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When is the Dominion Energy Inc 2026 annual meeting?

Dominion Energy Inc (D) holds its 2026 annual shareholder meeting on Tuesday, May 5, 2026.

What is the record date for the Dominion Energy Inc 2026 meeting?

The record date for the Dominion Energy Inc 2026 meeting is Friday, February 27, 2026. Shareholders of record on or before that date are eligible to vote.

Who are the director nominees for Dominion Energy Inc's 2026 meeting?

The board is presenting 11 director nominees at the Dominion Energy Inc 2026 meeting, listed with their independence status and background.

What proposals will shareholders vote on at the Dominion Energy Inc 2026 meeting?

Shareholders will vote on 6 proposals at the Dominion Energy Inc 2026 meeting, each tagged with who proposed it and the board's recommendation.