Form 4: Consolidated Edison Executive Acquires and Disposes of Shares in March 2024
SEC Form 4 Filing
Robert Sanchez, President & CEO of O&R at Consolidated Edison, reports stock transactions including purchases, disposals, and changes in holdings through the company's Stock Purchase Plan and THRIFT plan.
Summary
- Robert Sanchez, President & CEO of O&R at Consolidated Edison, filed a Form 4 detailing changes in beneficial ownership of Consolidated Edison Inc. stock.
- On March 29, 2024, Sanchez purchased 73.278 shares of common stock at $90.81 per share under the company's Stock Purchase Plan.
- On April 3, 2024, Sanchez disposed of 13,654.314 shares of common stock.
- As of March 31, 2024, Sanchez indirectly owns 516.201 shares through the THRIFT PLAN.
- The total holdings include 82.040 deferred stock units (DSUs) acquired on March 15, 2024, under the Company Long Term Incentive Plan's dividend reinvestment provision.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard reporting of stock transactions by an executive. There is no indication of positive or negative sentiment regarding the company's performance.
Positives
- The reporting person's shares of Company common stock under the THRIFT increased by 10.614 shares between 3/1/24 and 3/31/24.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of those with privileged information.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a key executive.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Start date for THRIFT plan share increase calculation. |
| 03/15/2024 | Date of acquisition of 82.040 deferred stock units (DSUs). |
| 03/29/2024 | Date of common stock purchase under the Stock Purchase Plan. |
| 03/31/2024 | End date for THRIFT plan share increase calculation and date of THRIFT plan statement. |
| 04/03/2024 | Date of common stock disposal. |
| 04/04/2024 | Date of the report. |
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