Form 4: Consolidated Edison Director Acquires Shares Through Dividend Reinvestment and Retainer

Michael W. Ranger, a director at Consolidated Edison, acquired additional shares of common stock through dividend reinvestment and in lieu of cash for the quarterly board retainer fee.

Summary

• On September 30, 2024, Michael W. Ranger, a director of Consolidated Edison Inc., acquired 468.165 shares of common stock at a price of $104.13 per share.
• These shares were acquired as Deferred Stock Units (DSUs) in lieu of cash for the quarterly board retainer fee, according to the terms of the company's Long Term Incentive Plan.
• Additionally, Mr. Ranger acquired 711.786 DSUs on September 15, 2024, through the Plan's dividend reinvestment provision.
• Following these transactions, Mr. Ranger beneficially owns 89,744.487 shares of Consolidated Edison common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The director's acquisition of shares indicates confidence, but it's a routine transaction.

Positives

• The director's participation in the dividend reinvestment plan and election to receive DSUs in lieu of cash compensation demonstrates confidence in the company's future performance.

Industry Context

Insider transactions are closely monitored as they can provide insights into management's perspective on the company's prospects. Acquisitions, especially by directors, are often viewed positively.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholder sentiment.

Key Dates