Public Service Enterprise Group (PEG) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for April 21, 2026, to be held virtually, with shareholders of record as of February 20, 2026, eligible to vote on key proposals.

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

• Company highlights strong financial performance, robust governance, and continued focus on sustainability and stakeholder engagement.

Voting matters and shareholder proposals

• Election of eleven directors to serve until the 2027 Annual Meeting.

• Advisory vote on executive compensation (say-on-pay).

• Three management proposals to eliminate supermajority voting requirements for business combinations, director removal, and by-law amendments.

• Proposal to increase shares available under the Employee Stock Purchase Plan by 3,000,000 shares.

• Ratification of Deloitte & Touche LLP as independent auditor for 2026.

Board of directors and corporate governance

• Board comprises 11 members, 10 of whom are independent; five new independent directors added since 2022.

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

• Regular board refreshment, annual self-assessment, and robust director education and orientation.

• Lead Independent Director role to transition to Willie A. Deese after the 2026 meeting.

• Board committees (Audit, Finance, Governance, Industrial Operations, Organization & Compensation) are composed entirely of independent directors.