Form 4: Con Edison Executive Michele O'Connell Reports Stock Transactions
Insider Transaction Report
Consolidated Edison's President & CEO, O&R, Michele O'Connell, reported the conversion of restricted stock units and subsequent sale of shares for tax purposes.
Summary
- Michele O'Connell, President & CEO, O&R, of Consolidated Edison, Inc. (ED), reported changes in her beneficial ownership.
- On December 31, 2025, O'Connell acquired 1,200 shares of Common Stock through the conversion of time-based restricted stock units.
- Concurrently, 433 shares of Common Stock were disposed of at a price of $99.89 per share to cover tax liabilities.
- Following these transactions, O'Connell directly beneficially owns 19,455.848 shares of Common Stock.
- Indirect beneficial ownership through a Thrift Plan stands at 484.614 shares, reflecting a decrease of 0.183 shares between January 31, 2025, and December 31, 2025.
- Additional deferred stock units (DSUs) were acquired throughout 2025 via dividend reinvestment: 99.255 on March 15, 2025; 128.800 on June 15, 2025; 138.385 on September 15, 2025; and 139.620 on December 15, 2025.
Sentiment
Score: 5
Explanation: The filing reports routine executive compensation-related stock transactions (RSU conversion and tax-related sale), which are neutral in sentiment. The ongoing accumulation of DSUs through dividend reinvestment is a minor positive, indicating continued long-term alignment.
Positives
- Acquisition of 1,200 shares of Common Stock by a key executive through the conversion of restricted stock units, indicating continued equity alignment with company performance.
- Ongoing accumulation of deferred stock units through dividend reinvestment, increasing the executive's long-term stake in the company.
Negatives
- Disposal of 433 shares of Common Stock to cover tax liabilities, which is a common practice but reduces direct ownership.
Future Outlook
The filing does not contain any forward-looking statements or guidance.
Industry Context
This Form 4 filing details routine insider transactions related to executive compensation, which is a standard practice across all industries, including the utilities sector where Consolidated Edison operates. Such filings provide transparency into executive stock ownership and compensation structures but do not typically reflect broader industry trends or competitive positioning.
Stakeholder Impact
- Shareholders: Provides transparency into executive stock ownership and compensation, confirming the executive's continued equity stake in the company.
- Employees: No direct impact on general employees.
- Customers/Suppliers/Creditors: No direct impact.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Start of period for Thrift Plan share change. |
| 03/15/2025 | Acquisition of 99.255 deferred stock units (DSUs) via dividend reinvestment. |
| 06/15/2025 | Acquisition of 128.800 deferred stock units (DSUs) via dividend reinvestment. |
| 09/15/2025 | Acquisition of 138.385 deferred stock units (DSUs) via dividend reinvestment. |
| 12/15/2025 | Acquisition of 139.620 deferred stock units (DSUs) via dividend reinvestment. |
| 12/31/2025 | Date of earliest transaction, including conversion of 1,200 restricted stock units and disposal of 433 shares for tax liability. |
| 01/05/2026 | Signature date of the reporting person's attorney-in-fact. |
Keywords
Consolidated Edison, ED, Form 4, Insider Transaction, Stock Ownership, Executive Compensation, Restricted Stock Units, Deferred Stock Units, Michele O'Connell
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