Form 4: Consolidated Edison CEO's Stock Transactions

Consolidated Edison's President & CEO, Stuart Nachmias, reported the conversion of restricted stock units and subsequent sale of common stock.

Summary

• Stuart Nachmias, President & CEO, CET of Consolidated Edison, Inc. (ED), reported transactions on December 31, 2025.
• 1,300 shares of Common Stock were acquired through the conversion of time-based restricted stock units.
• 469 shares of Common Stock were disposed of at a price of $99.89 per share.
• Following these transactions, Nachmias beneficially owns 9,712.071 shares of Common Stock directly.
• The reported beneficial ownership includes 111.229 shares acquired under the Company's Stock Purchase Plan from February 2025 to November 2025.
• It also includes deferred stock units (DSUs) acquired via dividend reinvestment under the Company's Long Term Incentive Plan: 42.109 DSUs on March 15, 2025, 49.029 DSUs on June 15, 2025, 52.678 DSUs on September 15, 2025, and 53.148 DSUs on December 15, 2025.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions, including the vesting of restricted stock units and a subsequent sale of shares, which is common for executive compensation and tax planning. There are no extraordinary positive or negative signals.

Positives

• The vesting and conversion of 1,300 time-based restricted stock units into common stock indicates the executive met performance or time-based criteria.
• Ongoing accumulation of shares through the Company's Stock Purchase Plan and Deferred Stock Units via dividend reinvestment demonstrates continued investment in the company.

Negatives

• Disposition of 469 shares of Common Stock, even if for tax purposes, reduces the executive's direct beneficial ownership.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minor impact due to routine insider selling, which represents a small fraction of total outstanding shares and is typical for executive compensation and tax planning.
• Employees: No direct impact on employees is mentioned in this filing.

Key Dates

Recommendation

The filing details routine insider transactions related to executive compensation, including the vesting of restricted stock units and a subsequent sale of shares. These transactions do not provide a strong signal for a change in investment recommendation.

Keywords

Consolidated Edison, ED, Form 4, insider trading, stock transactions, executive compensation, Stuart Nachmias, restricted stock units