Form 4: Consolidated Edison Executive Robert Sanchez Reports Stock Purchases and Thrift Plan Changes
SEC Form 4 Filing
Robert Sanchez, President & CEO of O&R at Consolidated Edison, reports stock purchases under the company's Stock Purchase Plan and changes in holdings through the 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 February 29, 2024, Sanchez purchased 26.5 shares of common stock at $87.21 per share under the company's Stock Purchase Plan.
- Between January 31, 2024, and February 29, 2024, Sanchez's shares of Company common stock under the THRIFT increased by 0.014 shares.
- Following these transactions, Sanchez directly owns 13,498.996 shares and indirectly owns 505.587 shares through the THRIFT plan.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing simply reports routine stock purchases and changes in THRIFT plan holdings, which are expected for an executive.
Positives
- The reported transactions reflect ongoing participation in the company's Stock Purchase Plan, indicating confidence in the company's future.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their investment activities in the company's stock. These filings are closely watched by investors seeking insights into management's sentiment and confidence in the company's prospects.
Stakeholder Impact
- The transactions provide stakeholders with insight into the executive's investment activity in the company.
Key Dates
| Date | Description |
|---|---|
| 01/31/2024 | Start date for THRIFT plan share increase calculation. |
| 02/29/2024 | Date of common stock purchase and end date for THRIFT plan share increase calculation. |
| 03/05/2024 | Deemed execution date for the transaction. |
| 03/07/2024 | Date of signature for the Form 4 filing. |
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