Form 4: Consolidated Edison Director John F. Killian Reports Acquisition of Shares
SEC Form 4 Filing
Director John F. Killian reports acquisition of 1,613 shares of Consolidated Edison common stock at $105.38 per share.
Summary
- On May 20, 2025, John F. Killian, a director of Consolidated Edison Inc., acquired 1,613 shares of common stock at a price of $105.38 per share.
- This acquisition was part of an annual equity award of Deferred Stock Units (DSU) under the company's Long Term Incentive Plan.
- Following the transaction, Killian's total beneficial ownership of Consolidated Edison stock is 40,658.132 shares.
- This includes DSUs acquired through dividend reinvestment on June 14, 2024, September 16, 2024, December 16, 2024, and March 14, 2025.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Positives
- The acquisition of shares by a director may signal confidence in the company's future performance.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes.
Comparison to Industry Standards
- Comparing Killian's holdings to those of other directors at peer utilities companies would provide a benchmark for assessing the significance of his ownership stake.
- Analyzing the frequency and size of insider transactions across the utility sector can offer insights into overall management sentiment and company performance expectations.
- Companies like NextEra Energy, Duke Energy, and Southern Company serve as relevant benchmarks for comparing insider ownership and trading activity.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| June 14, 2024 | Acquisition of 145.084 DSUs through dividend reinvestment. |
| September 16, 2024 | Acquisition of 127.240 DSUs through dividend reinvestment. |
| December 16, 2024 | Acquisition of 144.673 DSUs through dividend reinvestment. |
| March 14, 2025 | Acquisition of 132.503 DSUs through dividend reinvestment. |
| May 20, 2025 | Date of transaction: Acquisition of 1,613 shares at $105.38 per share. |
| May 21, 2025 | Date of filing. |
Keywords
Consolidated Edison, Director, John F. Killian, Stock Acquisition, Form 4, SEC, Deferred Stock Units, Long Term Incentive Plan, Dividend Reinvestment
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