Form 4: Consolidated Edison VP Acquires Company Stock
Insider Transaction Report
Consolidated Edison VP and Controller Joseph Miller reported the acquisition of 1,031 shares of common stock on June 15, 2026, at a price of $106.87 per share.
Summary
- Joseph Miller, VP & Controller of Consolidated Edison, Inc., acquired 1,031 shares of common stock on June 15, 2026.
- The acquisition was made at a price of $106.87 per share.
- Following this transaction, Miller beneficially owns 5,216.593 shares of common stock directly.
- Additionally, Miller has indirect beneficial ownership of 120.87 shares through the Tax Reduction Act Stock Ownership Plan (TRASOP).
- The filing also notes the acquisition of shares under the Employee Stock Purchase Plan and deferred stock units acquired through the Long Term Incentive Plan's dividend reinvestment provision.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, as it represents a routine stock acquisition by a company executive, indicating personal investment and confidence, but without broader financial performance implications.
Positives
- VP & Controller Joseph Miller demonstrates confidence in the company by acquiring additional shares.
- The acquisition of 1,031 shares at $106.87 per share indicates a belief in the current valuation or future prospects of Consolidated Edison.
- The reporting person's holdings have increased through various employee plans, including the Employee Stock Purchase Plan and the Long Term Incentive Plan.
Future Outlook
No specific forward-looking statements or guidance were provided in this Form 4 filing.
Industry Context
StockSavvy.ai notes that insider stock acquisitions by senior management, such as this purchase by Consolidated Edison's VP & Controller, can be interpreted as a positive signal of management's confidence in the company's stability and future performance within the regulated utility sector.
Stakeholder Impact
- Shareholders may view the acquisition positively as a sign of management confidence.
- Employees participating in stock purchase and incentive plans benefit from the company's continued operations and potential stock appreciation.
Key Dates
| Date | Description |
|---|---|
| 06/15/2026 | Transaction date for the acquisition of 1,031 shares of common stock by Joseph Miller. |
| 06/16/2026 | Date the Form 4 filing was signed by the reporting person's attorney-in-fact. |
| 05/29/2026 | Date of the TRASOP plan statement used for reporting indirect beneficial ownership. |
| 04/30/2026 | Date of acquisition of shares under the Employee Stock Purchase Plan. |
| 03/31/2026 | Date of acquisition of shares under the Employee Stock Purchase Plan. |
| 03/15/2026 | Date deferred stock units were acquired pursuant to the Company's Long Term Incentive Plan. |
| 02/27/2026 | Start date for the period during which shares under the TRASOP plan increased. |
Keywords
Consolidated Edison, ED, Form 4, Insider Trading, Stock Acquisition, VP & Controller, Beneficial Ownership, Employee Stock Purchase Plan, Long Term Incentive Plan, TRASOP
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