4/A: Consolidated Edison Executive Corrects Performance Unit Vesting Calculation in Amended SEC Filing

Matthew Ketschke, President of CECONY, files an amended Form 4 to correct the number of performance units that vested under the company's Long-Term Incentive Plan (LTIP).

Summary

• Matthew Ketschke, President of CECONY, filed an amended Form 4 with the SEC on April 23, 2025.
• The amendment corrects an error in the calculation of performance units granted in 2022 under Consolidated Edison's Long-Term Incentive Plan (LTIP) that vested on February 19, 2025.
• The corrected filing shows that 16,912 performance units vested.
• Ketschke also disposed of 10,147 shares of common stock at a price of $95.76 on February 19, 2025.
• Following the reported transactions, Ketschke directly owns 35,907.35 shares of common stock and indirectly owns 1,100.646 shares through a spouse.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing. While it doesn't indicate positive growth, it shows attention to detail and compliance, which is moderately positive.

Industry Context

Executive compensation and equity ownership are standard disclosures for publicly traded companies, providing transparency into management's alignment with shareholder interests.

Stakeholder Impact

• Shareholders benefit from accurate reporting of executive compensation and stock ownership.

Key Dates

Keywords

Form 4, SEC Filing, Consolidated Edison, Ketschke, Performance Units, LTIP, Vesting, CECONY, Beneficial Ownership, Amendment