Form 4: Edison Exec Converts RSUs, Tax Withholding Reported

Edison International's Edison Energy CEO, J. Andrew Murphy, converted restricted stock units into common stock, with shares subsequently withheld to cover employment tax obligations.

Summary

• J. Andrew Murphy, President & CEO of Edison Energy, a subsidiary of Edison International, reported transactions involving common stock and restricted stock units.
• On December 16, 2025, 314 restricted stock units were converted into Edison International common stock.
• Concurrently, 314 shares of common stock were disposed of at a price of $59.09 per share to satisfy employment tax obligations.
• Following these transactions, Murphy beneficially owns 15,686.821 shares of common stock directly.
• Murphy also beneficially owns 4,340.0579 derivative securities in the form of restricted stock units.
• The reported transactions were made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction involving the conversion of equity awards and subsequent tax withholding, which is a neutral event for the company's operational or financial performance.

Positives

• The conversion of restricted stock units indicates the vesting of previously granted equity compensation, a positive for the executive.
• The transaction was executed under a Rule 10b5-1 plan, signifying a pre-planned, non-discretionary trading arrangement.

Negatives

• Shares were disposed of to cover employment tax obligations, resulting in a reduction of direct common stock holdings.

Future Outlook

No specific forward-looking statements or guidance are provided in this filing beyond the vesting schedule of existing restricted stock units.

Management Comments

• The conversion of restricted stock units was to satisfy the retirement-eligible Reporting Person's employment tax obligation.

Industry Context

This Form 4 filing details a routine insider transaction, which is specific to the individual executive and the company's equity compensation plan, and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, pre-planned insider transaction for tax purposes, not indicative of a change in company fundamentals or executive sentiment.
• Employees: No direct impact on the broader employee base.

Next Steps

• The remaining 4,441 restricted stock units granted on March 3, 2025, are scheduled to vest on January 3, 2028.

Key Dates

Recommendation

This Form 4 reports a routine insider transaction involving the conversion of restricted stock units and the subsequent withholding of shares to cover tax obligations. Such transactions are common for executives and do not typically signal a change in the company's fundamental outlook or warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate based solely on this filing.

Keywords

Edison International, EIX, Insider Transaction, Form 4, Restricted Stock Units, Equity Compensation, Tax Withholding, J. Andrew Murphy, Edison Energy