Form 4: Consolidated Edison Director Michael W. Ranger Acquires Shares Through Deferred Stock Units

Director Michael W. Ranger of Consolidated Edison acquired shares through deferred stock units and dividend reinvestment.

Summary

• Michael W. Ranger, a director at Consolidated Edison, acquired 546.341 shares of common stock through Deferred Stock Units (DSUs) on December 31, 2024.
• These DSUs were acquired in lieu of cash for the quarterly board retainer fee, as part of the company's Long Term Incentive Plan.
• Additionally, Mr. Ranger's holdings increased by 813.504 DSUs on December 15, 2024, due to the plan's dividend reinvestment provision.
• Following these transactions, Mr. Ranger's total holdings are 91,104.332 shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, indicating a positive alignment of director interests with shareholders, but it is not a major event that would significantly impact sentiment.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The use of DSUs in lieu of cash for board fees aligns director interests with shareholders.
• Dividend reinvestment further increases the director's stake in the company.

Industry Context

This is a standard SEC Form 4 filing, which is common for directors and officers of publicly traded companies when they have transactions involving the company's stock. It reflects routine compensation and investment activities.

Comparison to Industry Standards

• The use of Deferred Stock Units (DSUs) as part of director compensation is a common practice among publicly traded companies, including utilities like Consolidated Edison.
• Dividend reinvestment programs are also standard, allowing directors to increase their stake in the company over time.
• The specific number of shares acquired and the price per share are specific to this transaction and director, but the overall mechanism is consistent with industry norms.

Stakeholder Impact

• The transaction demonstrates that the director is invested in the company's success, which can be viewed positively by shareholders.
• The use of DSUs and dividend reinvestment aligns the director's interests with those of long-term shareholders.

Key Dates

Keywords

Consolidated Edison, Director, Michael W. Ranger, Deferred Stock Units, DSUs, Dividend Reinvestment, Long Term Incentive Plan, Share Acquisition, SEC Form 4