Form 4: Consolidated Edison VP & Controller Reports Stock Transactions
SEC Form 4 Filing
Joseph Miller, VP & Controller of Consolidated Edison, reports the vesting of restricted stock units and associated tax withholding.
Summary
- On December 31, 2024, Joseph Miller, VP & Controller of Consolidated Edison, had time-based restricted stock units convert into 700 shares of common stock.
- Also on December 31, 2024, 17 shares were disposed of to cover tax obligations at a price of $89.16 per share.
- Following these transactions, Miller directly owns 1,902.719 shares of common stock.
- Miller also indirectly owns 116.216 shares through the Tax Reduction Act Stock Ownership Plan (TRASOP).
- Between November 29, 2024, and December 31, 2024, the reporting person's shares of Company common stock under the TRASOP decreased by 6.485 shares.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document is a standard regulatory filing detailing stock transactions.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 11/29/2024 | Start date of the period during which TRASOP shares decreased. |
| 12/31/2024 | Date of restricted stock unit conversion, tax withholding, and TRASOP plan statement. |
| 01/03/2025 | Date of Form 4 filing. |
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