Form 4: Con Edison Director Sells $220K in Stock

Consolidated Edison Inc. Director John F. Killian reported the sale of 2,276 shares of common stock for approximately $220,500 on December 11, 2025, under a Rule 10b5-1 plan.

Summary

• John F. Killian, a Director of Consolidated Edison Inc. (ED), reported a transaction involving the company's common stock.
• On December 11, 2025, Killian sold 2,276 shares of common stock.
• The shares were sold at a price of $96.89 per share, totaling approximately $220,500.
• This transaction was executed pursuant to a Rule 10b5-1(c) plan, indicating it was pre-arranged.
• Following the sale, Killian directly beneficially owns 38,660.86 shares of common stock.
• The reported beneficial ownership includes 134.364 deferred stock units acquired on June 13, 2025, and 144.364 deferred stock units acquired on September 12, 2025, both through dividend reinvestment under the Consolidated Edison, Inc., 2023 Long Term Incentive Plan.

Sentiment

Score: 5

Explanation: The transaction is a pre-planned sale under a Rule 10b5-1 plan, which typically indicates a scheduled liquidity event rather than a reaction to new information. The director also continues to acquire deferred stock units through dividend reinvestment, balancing the perception of the sale.

Positives

• The director continues to acquire deferred stock units through dividend reinvestment, indicating ongoing long-term equity participation in the company.
• The sale was pre-planned under a Rule 10b5-1 plan, which typically suggests a scheduled liquidity event rather than a reaction to new, negative company-specific information.

Negatives

• A director selling a significant number of shares, even if pre-planned, can sometimes be perceived as a slight negative signal regarding future prospects or personal liquidity needs by some investors.

Future Outlook

No forward-looking statements or guidance are provided in this insider transaction report.

Industry Context

Consolidated Edison operates in the regulated utility sector, known for its stability and dividend payouts. Insider transactions in this sector, particularly those under Rule 10b5-1 plans, are often routine and may not signal significant shifts in company fundamentals or industry trends.

Related Party Transactions

• John F. Killian, a Director of Consolidated Edison Inc., sold 2,276 shares of common stock, which constitutes a transaction by a related party.

Stakeholder Impact

• Shareholders may note the insider sale, but the pre-arranged nature under a 10b5-1 plan generally mitigates concerns about immediate negative implications for the company's stock performance.
• No direct impact on employees, customers, suppliers, or creditors is indicated by this filing.

Key Dates

Keywords

Consolidated Edison, ED, John F. Killian, Director, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Common Stock, Utility Sector