Form 4: Consolidated Edison Director Acquires DSUs
Statement of Changes in Beneficial Ownership
Michael W. Ranger, a Director at Consolidated Edison, Inc., acquired Deferred Stock Units (DSUs) on June 30, 2026, as part of his quarterly board retainer.
Summary
- Michael W. Ranger, a Director of Consolidated Edison, Inc., acquired 440.658 Deferred Stock Units (DSUs) on June 30, 2026.
- These DSUs were acquired in lieu of cash for his quarterly board retainer fee, as per the company's Long Term Incentive Plan.
- Each DSU represents one share of the Company's Common Stock.
- Following this transaction, Ranger beneficially owns 101,878.521 shares of common stock.
- The acquisition price for these DSUs was $110.63 per share.
- Additionally, the filing notes the inclusion of 824.734 DSUs acquired on June 15, 2026, through the Plan's dividend reinvestment provision.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine compensation-related equity acquisition by a director rather than significant strategic or financial performance news.
Positives
- Director Ranger is actively participating in the company's incentive plan, acquiring equity.
- The acquisition of DSUs aligns director compensation with shareholder value through stock ownership.
- Dividend reinvestment further increases beneficial ownership over time.
Future Outlook
No specific future outlook or guidance is provided in this Form 4 filing, which details a change in beneficial ownership.
Industry Context
StockSavvy.ai notes that the acquisition of Deferred Stock Units by directors is a common practice in the utility sector, aligning executive compensation with long-term shareholder interests and the stable, dividend-paying nature of the industry.
Stakeholder Impact
- Shareholders: The acquisition of DSUs by a director reinforces alignment between management and shareholder interests, as the director's compensation is tied to the company's stock performance.
Key Dates
| Date | Description |
|---|---|
| 06/15/2026 | Acquisition of DSUs through dividend reinvestment. |
| 06/30/2026 | Earliest transaction date for the reported acquisition of DSUs for board retainer. |
| 07/01/2026 | Date of signature for the filing. |
Keywords
Consolidated Edison, ED, Form 4, Insider Trading, Director Compensation, Deferred Stock Units, SEC Filing, Equity
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.