Form 4: Consolidated Edison CFO Reports Routine Stock Disposition for Tax Withholding

Consolidated Edison's SVP & CFO, Kirkland B. Andrews, reported the disposition of 8,753 shares of common stock at $99.31 per share, primarily for tax withholding related to restricted stock unit vesting.

Summary

• Kirkland B. Andrews, Senior Vice President and Chief Financial Officer of Consolidated Edison, Inc. (ED), filed a Form 4 statement.
• The filing reports a transaction on July 8, 2025, involving the disposition of 8,753 shares of Common Stock.
• The shares were disposed of at a price of $99.31 per share.
• This disposition represents shares withheld for taxes on the vesting of 17,303 restricted stock units (RSUs) that converted to Common Stock on a one-to-one basis.
• Following this transaction, Kirkland B. Andrews beneficially owns 42,140 shares of Common Stock directly.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine, expected insider transaction for tax purposes related to RSU vesting, not indicative of positive or negative strategic developments.

Positives

• The transaction indicates the vesting of 17,303 restricted stock units, which is a positive event for the executive as it represents earned equity compensation.

Negatives

• The disposition of 8,753 shares reduces the direct beneficial ownership of Common Stock by the SVP & CFO.

Future Outlook

This Form 4 filing details a past transaction and does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This is a routine insider transaction common across all industries for executives receiving equity compensation. It does not reflect broader industry trends or competitive dynamics within the utilities sector.

Stakeholder Impact

• Shareholders: The transaction is a routine disposition for tax purposes and is unlikely to have a significant impact on shareholder value or perception.
• Employees: No direct impact on employees beyond the executive involved.

Key Dates

Keywords

Consolidated Edison, ED, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Restricted Stock Units, RSU Vesting, Kirkland B. Andrews, Officer Transaction