Form 4: Consolidated Edison SVP, Gas Operations, Reports Stock Transactions
SEC Form 4
Mary Kelly, SVP of Gas Operations at Consolidated Edison, reports the vesting of restricted stock units and subsequent disposition of shares to cover tax obligations.
Summary
- On December 31, 2024, Mary Kelly, SVP of Gas Operations at Consolidated Edison, had time-based restricted stock units convert into 1,700 shares of common stock.
- Kelly disposed of 40 shares of common stock at a price of $89.16 to satisfy tax obligations.
- Following these transactions, Kelly directly owns 8,032.771 shares of Consolidated Edison common stock.
- This total includes 34.081 deferred stock units ('DSUs') acquired on March 15, 2024, 56.686 DSUs on June 15, 2024, 49.714 DSUs on September 15, 2024 and 56.526 DSUs on December 15, 2024, pursuant to the Company's Long Term Incentive Plan's dividend reinvestment provision.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices, and has a neutral sentiment.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Acquisition of 34.081 deferred stock units |
| 06/15/2024 | Acquisition of 56.686 deferred stock units |
| 09/15/2024 | Acquisition of 49.714 deferred stock units |
| 12/15/2024 | Acquisition of 56.526 deferred stock units |
| 12/31/2024 | Conversion of 1,700 restricted stock units to common stock and disposition of 40 shares for tax obligations |
| 12/31/2024 | Time-Based Restricted Stock Units Exercisable |
| 12/31/2024 | Time-Based Restricted Stock Units Expiration Date |
| 01/03/2025 | Date of signature for the report |
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