Form 4: Director Michael C. Camunez Receives Edison Stock Units
Statement of Changes in Beneficial Ownership
Edison International director Michael C. Camunez was granted 2,737 deferred stock units following his re-election to the board.
Summary
- Director Michael C. Camunez received a grant of 2,737 deferred stock units (DSUs) on April 23, 2026.
- The grant was issued in connection with the director's re-election at the company's annual meeting.
- Each DSU represents a right to receive one share of Edison International common stock.
- Following this transaction, the director holds a total of 29,010.0092 deferred stock units.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which carries no significant market sentiment impact.
Positives
- Alignment of director interests with shareholders through equity-based compensation.
- Standard governance practice of granting equity upon re-election.
Negatives
- None identified.
Risks
- Value of deferred stock units is subject to the future market performance of Edison International common stock.
Future Outlook
The deferred stock units are scheduled to be settled upon the director's retirement, resignation, death, or disability, unless an alternative date is elected by the reporting person.
Management Comments
- The deferred stock units were granted to the Reporting Person upon re-election as a director at the Issuer's annual meeting.
Industry Context
StockSavvy.ai notes that equity-based compensation for board members is a standard industry practice among major U.S. utilities to ensure long-term alignment with shareholder interests.
Comparison to Industry Standards
- The grant of deferred stock units is consistent with standard director compensation packages at large-cap utility companies like NextEra Energy or Duke Energy.
- The 1-for-1 conversion ratio is standard for equity-based director compensation plans.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Director Compensation | Grant of deferred stock units upon re-election. | 04/23/2026 | Neutral; standard alignment of director incentives. |
Stakeholder Impact
- Shareholders: Minimal impact; reflects standard board compensation practices.
Next Steps
- Settlement of deferred stock units upon the director's eventual departure from the board.
Key Dates
| Date | Description |
|---|---|
| 04/23/2026 | Date of the transaction involving the grant of deferred stock units. |
| 04/27/2026 | Date the Form 4 was signed and filed with the SEC. |
Keywords
Edison International, EIX, Director Compensation, Insider Transaction, Deferred Stock Units, Corporate Governance
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