Form 4: Consolidated Edison SVP Nancy Shannon Reports Stock Purchase
SEC Form 4 Filing
Nancy Shannon, SVP at Consolidated Edison, reports purchasing shares of common stock under the company's Stock Purchase Plan.
Summary
- On February 29, 2024, Nancy Shannon, SVP of Utility Shared Services at Consolidated Edison Inc., acquired 10.192 shares of common stock at a price of $87.21 per share.
- The transaction was made under the company's Stock Purchase Plan.
- Following the reported transaction, Shannon directly owns 353.094 shares of Consolidated Edison common stock.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a routine disclosure of stock purchase. The purchase itself can be seen as slightly positive, but the document is primarily informational.
Positives
- The purchase of shares by a company executive can be seen as a positive signal, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates an executive's decision to invest in the company's stock.
Stakeholder Impact
- The stock purchase by an executive could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Date of stock purchase transaction. |
| 03/05/2024 | Deemed execution date of the transaction. |
| 03/07/2024 | Date of signature on the Form 4 filing. |
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