Form 4: Consolidated Edison Director McBride Acquires Shares in Annual Equity Award
SEC Form 4 Filing
Director Dwight A. McBride acquired 1,761 shares of Consolidated Edison common stock at $96.51 per share as part of an annual equity award.
Summary
- On May 21, 2024, Dwight A. McBride, a director of Consolidated Edison Inc., acquired 1,761 shares of common stock.
- The acquisition was part of an annual equity award of Deferred Stock Units (DSU) under the company's Long Term Incentive Plan.
- Each DSU represents one share of Consolidated Edison's common stock.
- The price per share was $96.51.
- Following the transaction, McBride directly owns 7,667 shares of Consolidated Edison common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects a routine transaction related to director compensation. It doesn't indicate any significant positive or negative outlook for the company.
Positives
- Director McBride's acquisition of shares demonstrates confidence in the company's future prospects.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests between management and shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/21/2024 | Date of transaction: Dwight A. McBride acquired 1,761 shares of Consolidated Edison common stock. |
| 05/22/2024 | Date of signature: William J. Kelleher signed the Form 4 on behalf of Dwight A. McBride. |
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.