Form 4: Consolidated Edison CEO Timothy Cawley Reports Stock Transactions
SEC Form 4
Timothy Cawley, Chairman, President & CEO of Consolidated Edison, reports acquisition and disposal of company stock and derivative securities.
Summary
- On December 31, 2024, Timothy Cawley, Chairman, President & CEO of Consolidated Edison, reported transactions involving Consolidated Edison's common stock and time-based restricted stock units.
- Cawley acquired 23,300 shares of common stock through the conversion of time-based restricted stock units.
- He also disposed of 548 shares of common stock for $89.16 per share.
- Following these transactions, Cawley directly owns 111,560.248 shares of Consolidated Edison common stock.
- Additionally, Cawley indirectly owns 4.296 shares through the Thrift Plan.
- The reported information is based on a Thrift Plan statement dated December 31, 2024.
- He also acquired 271.070 shares under the Company's Stock Purchase Plan for the period from May 31, 2024 to November 30, 2024, as well as 730.708 deferred stock units ('DSUs') acquired on June 15, 2024, 640.837 DSUs on September 15, 2024 and 728.642 DSUs on December 15, 2024, pursuant to the Company's Long Term Incentive Plan's dividend reinvestment provision.
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information about the transactions.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- Shareholders may be interested in the CEO's transactions as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 04/30/24 | Start date for tracking changes in Thrift Plan shares. |
| May 31, 2024 | Start date for shares acquired under the Company's Stock Purchase Plan. |
| June 15, 2024 | Date of acquisition of 730.708 deferred stock units ('DSUs'). |
| September 15, 2024 | Date of acquisition of 640.837 deferred stock units ('DSUs'). |
| November 30, 2024 | End date for shares acquired under the Company's Stock Purchase Plan. |
| December 15, 2024 | Date of acquisition of 728.642 deferred stock units ('DSUs'). |
| 12/31/2024 | Date of stock transactions: conversion of restricted stock units and disposal of shares. |
| 01/03/2025 | Date of signature for the Form 4 filing. |
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