Form 4: Consolidated Edison Director Michael W. Ranger Acquires Shares Through Equity Award

Director Michael W. Ranger acquired 1,761 shares of Consolidated Edison stock through an annual equity award.

Summary

• On May 21, 2024, Michael W. Ranger, a director of Consolidated Edison Inc. [ED], acquired 1,761 shares of common stock at a price of $96.51 per share.
• 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.
• Following the transaction, Ranger directly owns 87,228.624 shares of Consolidated Edison common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction related to executive compensation. It doesn't indicate any significant positive or negative outlook for the company.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future performance.

Industry Context

Acquisitions of company stock by directors are common and often tied to compensation plans. This transaction reflects standard executive compensation practices within publicly traded companies.

Comparison to Industry Standards

• Director stock ownership is a common practice in publicly traded companies like Consolidated Edison.
• Comparing Ranger's holdings and recent acquisitions to those of directors at peer utilities such as Duke Energy or Southern Company would provide a benchmark for assessing the significance of this transaction.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals confidence from a company director.

Key Dates