Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

Appointment of Certain Officers; Compensatory Arrangements of Certain

Officers

On July 18, 2022, the Organization and Compensation Committee of the Board of Directors of Public Service Enterprise Group Incorporated (PSEG) approved an amendment to PSEG's Key Executive Severance Plan (KESP), effective as of July 18, 2022. The KESP amendment provides, among other things, that in the case of an involuntary termination other than for cause or termination in other specified circumstances (other than following a change in control), effective September 1, 2022, the President and CEO and, effective January 1, 2023, the Chair of the Board, President and CEO, will receive under the Cash payment provision of the KESP two (2.0) times the sum of the annual base salary and target bonus, in addition to the base salary through the date of termination to the extent not already paid. This KESP amendment amends Ralph LaRossa's compensation and benefits that were previously reported on PSEG's Form 8-K filed on April 19, 2022.

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)



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