| Dividend Rate (Cumulative): | | From and including the Settlement Date to, but excluding, March 15, 2026 (the “First Reset Date”), 5.375% per annum. For each Reset Period (as defined in the preliminary prospectus supplement dated March 2, 2021 relating to the Series A Preferred Stock (the “Preliminary Prospectus”)) on and after the First Reset Date, a per annum rate equal to the Five-year U.S. Treasury Rate (as defined in the Preliminary Prospectus) as of the most recent Reset Dividend Determination Date (as defined in the Preliminary Prospectus), plus a spread of 4.698%. |
| Optional Redemption: | | EIX may, at its option, redeem the Series A Preferred Stock: • in whole or in part, from time to time, on any day during any Par Call Period at a redemption price in cash equal to $1,000 per share; or • in whole but not in part, at any time within 120 days after the conclusion of any review or appeal process instituted by EIX following the occurrence of a Ratings Event (as defined in the Preliminary Prospectus), or, if no review or appeal process is available or sought with respect to such Ratings Event, at any time within 120 days after the occurrence of such Ratings Event, at a redemption price in cash equal to $1,020 per share, plus, in each case, but subject to certain exceptions, all accumulated and unpaid dividends (whether or not declared) to, but excluding, such redemption date. |
| Par Call Period: | | With respect to the First Reset Date, the period from and including March 9, 2026 through and including the First Reset Date. With respect to any Reset Date after the First Reset Date, the period from and including the December 15 immediately preceding such Reset Date through and including such Reset Date. |
