Form 4: Con Edison VP & Controller Reports Stock Transactions
Insider Transaction Report
Joseph Miller, VP & Controller of Consolidated Edison, reported recent acquisitions and changes in beneficial ownership of company common stock.
Summary
- Joseph Miller, VP & Controller of Consolidated Edison, Inc. (ED), reported changes in his beneficial ownership of the company's common stock.
- On December 15, 2025, Miller acquired 1.063 shares of common stock at a price of $97.68 per share.
- His direct beneficial ownership now stands at 3,665.18 shares, which includes shares acquired through the Employee Stock Purchase Plan.
- Indirect beneficial ownership through the Tax Reduction Act Stock Ownership Plan (TRASOP) is 118.971 shares, reflecting an increase of 0.993 shares between August 31, 2025, and November 30, 2025.
Sentiment
Score: 7
Explanation: The acquisition of common stock by a key executive, Joseph Miller, suggests confidence in the company's future prospects. The additional shares acquired through employee plans further reinforce this positive sentiment.
Positives
- Acquisition of 1.063 shares of common stock by VP & Controller Joseph Miller on December 15, 2025, at $97.68 per share, indicating executive confidence.
- Acquisition of 12.645, 2.281, and 2.214 shares under the Consolidated Edison, Inc. Employee Stock Purchase Plan on September 30, 2025, October 31, 2025, and November 30, 2025, respectively.
- Increase of 0.993 shares in indirect beneficial ownership under the Tax Reduction Act Stock Ownership Plan (TRASOP) between August 31, 2025, and November 30, 2025.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Insider buying can be seen as a positive signal, potentially increasing investor confidence in the company's future.
- Employees: Continued participation in employee stock plans (ESPP, TRASOP) indicates alignment of employee interests with company performance and long-term value creation.
Key Dates
| Date | Description |
|---|---|
| 2025-08-31 | Start date for the period during which TRASOP shares increased. |
| 2025-09-30 | Acquisition of 12.645 shares under the Employee Stock Purchase Plan. |
| 2025-10-31 | Acquisition of 2.281 shares under the Employee Stock Purchase Plan. |
| 2025-11-30 | Acquisition of 2.214 shares under the Employee Stock Purchase Plan; End date for the period during which TRASOP shares increased; Date of TRASOP plan statement. |
| 2025-12-15 | Acquisition of 1.063 shares of common stock by Joseph Miller. |
| 2025-12-19 | Date the Form 4 was signed by William J. Kelleher, Attorney-in-Fact. |
Recommendation
holdThe reported insider transaction involves a relatively small acquisition of common stock by a key executive. While insider buying generally signals management confidence, the modest size of this particular transaction is unlikely to be a significant catalyst for a strong 'buy' recommendation. It primarily serves to reinforce a neutral or 'hold' position, suggesting that management remains aligned with shareholder interests.
Keywords
Consolidated Edison, ED, Joseph Miller, Insider Trading, Stock Ownership, Form 4, Employee Stock Purchase Plan, TRASOP, Executive Stock
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