Form 4: Consolidated Edison VP & Controller Acquires Shares
SEC Form 4 Filing
Joseph Miller, VP & Controller of Consolidated Edison, recently acquired shares of the company's common stock.
Summary
- On March 15, 2024, Joseph Miller, VP & Controller of Consolidated Edison, acquired 1.084 shares of common stock at a price of $88.08 per share.
- Following the transaction, Miller directly owns 1,165.944 shares of Consolidated Edison common stock.
- Miller also indirectly owns 112.364 shares through the Tax Reduction Act Stock Ownership Plan (TRASOP).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider trading. The sentiment is neutral as it simply reports a transaction.
Positives
- The acquisition of shares by a company officer can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Insider trading activity is closely monitored by regulators and investors as it can provide insights into the company's performance and future prospects. Form 4 filings are a routine part of this monitoring process.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder sentiment, as insider buying can signal confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of transaction: Joseph Miller acquired shares of Consolidated Edison common stock. |
| 03/18/2024 | Date of signature: Form 4 signed by William J. Kelleher, Attorney-in-Fact. |
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