Form 4: Consolidated Edison CEO Timothy Cawley Reports Stock Purchases and Thrift Plan Changes

Timothy Cawley, Chairman, President & CEO of Consolidated Edison, reports stock purchases under the company's Stock Purchase Plan and changes in holdings through the THRIFT plan.

Summary

• On February 29, 2024, Timothy Cawley, Chairman, President & CEO of Consolidated Edison, purchased 26.552 shares of common stock at $87.21 per share under the company's Stock Purchase Plan.
• Between January 31, 2024, and February 29, 2024, Cawley's shares of Consolidated Edison common stock held in the THRIFT plan increased by 4.297 shares.
• As of the report, Cawley directly owns 86,202.644 shares of Consolidated Edison common stock and indirectly owns 4.297 shares through the THRIFT plan.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document is a standard regulatory filing detailing stock transactions. The CEO's participation in the stock purchase plan is a mildly positive signal.

Positives

• The CEO's participation in the company's Stock Purchase Plan could be viewed positively by investors.

Industry Context

This filing is a routine disclosure related to executive stock ownership and participation in company-sponsored plans, common for publicly traded companies.

Comparison to Industry Standards

• Executive stock ownership and trading activity are common and closely monitored in publicly traded companies like Consolidated Edison.
• Similar filings are regularly made by executives at comparable utilities such as Exelon, Duke Energy, and Southern Company.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding executive stock ownership.

Key Dates