Form 4: Consolidated Edison Director Michael W. Ranger Reports Acquisition of Common Stock

Director Michael W. Ranger reports acquiring 495.54 shares of Consolidated Edison common stock at $90.81 per share, along with additional Deferred Stock Units (DSUs) through dividend reinvestment.

Summary

• Michael W. Ranger, a director of Consolidated Edison Inc., filed a Form 4 disclosing changes in beneficial ownership.
• On March 29, 2024, Ranger acquired 495.54 shares of common stock at a price of $90.81 per share.
• These shares were acquired as Deferred Stock Units (DSUs) in lieu of cash for the quarterly board retainer fee, under the company's Long Term Incentive Plan.
• Additionally, Ranger acquired 798.241 DSUs on March 15, 2024, through the plan's dividend reinvestment provision.
• Following these transactions, Ranger's total beneficial ownership of Consolidated Edison common stock is 85,467.624 shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's continued investment in the company through stock compensation and dividend reinvestment suggests confidence in the company's future.

Positives

• Director's decision to take compensation in stock shows confidence in the company.
• Dividend reinvestment increases the director's stake in the company.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a director's ongoing investment in the company.

Comparison to Industry Standards

• Directors commonly receive stock options or grants as part of their compensation packages.
• The amount of stock acquired is typical for a director's compensation at a company of this size.
• Dividend reinvestment programs are standard practice for many companies to encourage long-term investment.

Stakeholder Impact

• The director's stock acquisition could be viewed positively by shareholders as it aligns management's interests with theirs.

Key Dates