Sunrun (RUN) Proxy filing summary

Executive summary

• Achieved 1,100,000+ customers and 11% year-over-year growth in 2025, with 117,000 customer additions and 24% growth in storage installations.

• Gross earning assets reached $21.1 billion and net earning assets $8.5 billion as of December 31, 2025.

• Delivered record margins, positive cash generation, and improved balance sheet through debt reduction.

• Engaged with 72% of top 50 stockholders, representing 75% of shares outstanding, and held over 800 investor interactions in 2025.

Voting matters and shareholder proposals

• Proposal 1: Elect nine directors to serve until the 2027 annual meeting.

• Proposal 2: Advisory vote to approve named executive officer compensation (say-on-pay).

• Proposal 3: Ratify Ernst & Young LLP as independent registered public accounting firm for fiscal year ending December 31, 2026.

• Board recommends voting “For” all proposals.

Board of directors and corporate governance

• Board consists of nine members with diverse expertise in leadership, finance, technology, sustainability, and risk management.

• All directors stand for annual election; majority are independent per Nasdaq standards.

• Board committees: Audit, Compensation, and Nominating, Governance & Sustainability, all fully independent.

• Lead Independent Director role established to ensure robust independent oversight.

• Regular board and committee self-assessments and continuing education for directors.