Public Service Enterprise Group (PEG) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for April 21, 2026, will be held virtually, with shareholders voting on key proposals including director elections, executive compensation, governance amendments, ESPP share increase, and auditor ratification.

• Board recommends voting in favor of all proposals, emphasizing board refreshment, diversity, and strong governance practices.

• Five new independent directors have joined since 2022, and the board continues to prioritize diversity in skills, experience, and demographics.

• Company recognized for leadership in sustainability, customer satisfaction, and inclusion, with multiple industry awards.

Voting matters and shareholder proposals

• Proposals include election of eleven directors, advisory vote on executive compensation, elimination of supermajority voting requirements, increase in ESPP shares, and ratification of Deloitte as auditor.

• Three management proposals seek to amend the Certificate of Incorporation and By-Laws to eliminate supermajority voting requirements for business combinations, director removal, and by-law amendments.

• Proposal to increase ESPP shares by 3,000,000 to ensure program continuity, with anticipated reserve lasting about 10 years.

• Board recommends a vote for all proposals.

Board of directors and corporate governance

• Ten of eleven directors are independent; board refreshment has added five new independent directors since 2022.

• Board committees are composed entirely of independent directors (except Executive Committee).

• Board diversity includes a mix of gender, race, ethnicity, age, and professional backgrounds.

• Lead Independent Director role rotates every four years; new appointments to committee chairs anticipated post-meeting.

• Board conducts annual self-assessments and periodic third-party evaluations.

• Directors are subject to stock ownership requirements and limits on outside board memberships.