Form 4: Con Edison SVP Exercises Stock Units, Sells Shares

Jennifer Hensley, SVP of Corporate Affairs at Consolidated Edison, converted restricted stock units into common stock and subsequently sold a portion to cover tax liabilities.

Summary

• Jennifer Hensley, SVP of Corporate Affairs at Consolidated Edison Inc. (ED), reported changes in her beneficial ownership.
• On December 31, 2025, she converted 1,900 time-based restricted stock units (RSUs) into 1,900 shares of common stock.
• Concurrently, she disposed of 766 shares of common stock at a price of $99.89 per share.
• Following these transactions, her direct beneficial ownership of common stock is 1,780.175 shares.
• Her total beneficial ownership prior to the disposition included 400.447 shares acquired under the Company's Stock Purchase Plan for the periods from May 2024 to November 2025.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction involving the vesting of restricted stock units and a subsequent sale of shares, likely for tax purposes. This is a neutral event, reflecting standard executive compensation and personal financial management, rather than a significant positive or negative operational or strategic development for the company.

Positives

• The vesting and conversion of 1,900 restricted stock units indicate the fulfillment of long-term incentive compensation for a senior executive.
• The acquisition of 400.447 shares through the Company's Stock Purchase Plan demonstrates ongoing executive investment in the company.

Negatives

• The disposition of 766 shares of common stock, although likely for tax purposes, reduces the executive's direct equity stake in the company.

Future Outlook

NA

Industry Context

This filing is a routine insider transaction report and does not provide specific details related to broader industry trends or competitors. It reflects standard executive compensation practices within the utility sector, where restricted stock units are a common component of long-term incentives.

Stakeholder Impact

• Shareholders: Minimal direct impact, as this is a routine executive compensation event and tax-related sale, not indicative of a change in company fundamentals or strategy.
• Employees: No direct impact mentioned.

Key Dates

Keywords

Consolidated Edison, ED, Insider Transaction, Form 4, Restricted Stock Units, Stock Sale, Executive Compensation, Beneficial Ownership