Form 4: Consolidated Edison Director Karol V. Mason Reports Acquisition of Stock Units

Director Karol V. Mason reports acquisition of 1,761 shares of Consolidated Edison stock units at $96.51 per share, increasing total holdings to 8,148.265 shares.

Summary

• On May 21, 2024, Karol V. Mason, a director of Consolidated Edison Inc. [ED], acquired 1,761 shares of common stock at a price of $96.51 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, Mason's total holdings amount to 8,148.265 shares, which includes DSUs acquired through dividend reinvestments on June 15, 2023, September 15, 2023, December 15, 2023, and March 15, 2024.
• The report was filed on May 22, 2024, by William J. Kelleher, Attorney-in-Fact.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as a director increasing their stake in the company is generally viewed favorably by investors.

Positives

• The acquisition of shares by a director signals confidence in the company's future performance.

Future Outlook

The filing does not contain any specific forward-looking statements, but the acquisition of shares by a director could be interpreted as a positive signal regarding the company's future prospects.

Industry Context

Director share acquisitions are common in publicly traded companies and are often seen as a sign of confidence in the company's future. This filing is a routine disclosure required by the SEC.

Comparison to Industry Standards

• Comparing director share ownership and acquisition activity to peers like Duke Energy (DUK) or Southern Company (SO) would provide a broader context.
• Analyzing the percentage of shares owned by directors relative to the total outstanding shares can indicate alignment with shareholder interests.
• Benchmarking the Long Term Incentive Plan against similar plans in the utility sector can reveal if the compensation structure is competitive and aligned with performance goals.

Stakeholder Impact

• Shareholders may view the director's stock acquisition positively, potentially increasing investor confidence.
• Employees may see the director's investment as a sign of stability and commitment to the company's success.

Key Dates