Form 4: Director Carey A. Smith Receives Edison International Stock
Director Equity Grant
Director Carey A. Smith was granted 2,737 shares of Edison International common stock following re-election to the board.
Summary
- Carey A. Smith, a director at Edison International, acquired 2,737 shares of common stock.
- The transaction occurred on April 23, 2026.
- The shares were granted as part of director compensation upon re-election at the annual meeting.
- The acquisition price was $0 per share.
- Following this transaction, the director's total beneficial ownership is 6,593 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company operations or financial outlook.
Positives
- Director alignment with shareholder interests is reinforced through increased equity ownership.
Negatives
- None identified.
Risks
- None identified.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that equity-based compensation for board members is a standard corporate governance practice in the utility sector to ensure long-term alignment between directors and shareholders.
Comparison to Industry Standards
- The grant of equity upon re-election is consistent with standard compensation packages for directors at large-cap utility companies like Duke Energy or Southern Company.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Director Compensation | Grant of common stock upon re-election to the board. | 04/23/2026 | Neutral; standard practice for board retention. |
Stakeholder Impact
- Shareholders: Minor increase in director equity stake aligns interests.
Next Steps
- None mentioned.
Key Dates
| Date | Description |
|---|---|
| 04/23/2026 | Date of the stock grant transaction. |
| 04/27/2026 | Date the Form 4 was signed and filed. |
Keywords
Edison International, EIX, Director Compensation, Insider Ownership, Form 4
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