Form 4: Consolidated Edison Director Catherine Zoi Acquires Additional Stock Units

Director Catherine Zoi acquired 1,613 Deferred Stock Units (DSUs) of Consolidated Edison at $105.38 per unit, increasing her total holdings.

Summary

• On May 20, 2025, Catherine Zoi, a director of Consolidated Edison Inc. (ED), acquired 1,613 Deferred Stock Units (DSUs) at a price of $105.38 per unit.
• This acquisition was part of the annual equity award under the company's Long Term Incentive Plan.
• Following the transaction, Zoi's total beneficial ownership in Consolidated Edison's common stock increased to 3,868.515 DSUs.
• The reported holdings include additional DSUs acquired through dividend reinvestments on June 14, 2024, September 16, 2024, December 16, 2024, and March 14, 2025.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as a director increasing their stake in the company is generally viewed favorably, suggesting confidence in the company's future. However, it's a routine transaction related to compensation.

Positives

• The director's acquisition of additional stock units signals confidence in the company's future performance.
• The dividend reinvestment provision of the Long Term Incentive Plan allows for incremental increases in holdings over time.

Industry Context

Director stock acquisitions are common in publicly traded companies and are often seen as a positive sign, indicating the director's belief in the company's prospects. This is a routine transaction related to executive compensation.

Comparison to Industry Standards

• Executive compensation packages often include equity awards to align management's interests with those of shareholders.
• Deferred Stock Units (DSUs) are a common form of equity compensation, particularly in regulated industries like utilities.
• Comparing the size of this equity award to those of directors at peer companies such as Exelon, Duke Energy, and Southern Company would provide a benchmark for assessing its relative significance.

Stakeholder Impact

• The director's increased stake could positively influence shareholder confidence.
• Employees may view this as a positive sign of leadership's commitment to the company's success.

Key Dates

Keywords

Consolidated Edison, Director, Catherine Zoi, Deferred Stock Units, DSU, Long Term Incentive Plan, Equity Award, Dividend Reinvestment, Beneficial Ownership, Form 4