Form 4: Edison International CEO J. Andrew Murphy Executes Stock Option and Sells Shares
SEC Form 4 Filing
Edison International's CEO, J. Andrew Murphy, exercised stock options and sold shares on August 26, 2024, according to a recent SEC filing.
Summary
- On August 26, 2024, J. Andrew Murphy, the President & CEO of Edison Energy (a subsidiary of Edison International), exercised non-qualified stock options to acquire 23,896 shares of Edison International common stock at a price of $79.38 per share.
- Concurrently, Murphy sold 23,896 shares of common stock at a weighted average price of $85.4476, with individual sales prices ranging from $85.00 to $85.94.
- These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 3, 2023.
- Following these transactions, Murphy directly owns 19,849.821 shares of Edison International common stock.
- Murphy also directly owns options to purchase 0 shares of Edison International common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. The CEO exercised options and sold shares under a pre-existing plan, which is a common practice.
Industry Context
This filing is a routine disclosure of insider transactions. It's common for executives to have pre-arranged trading plans (Rule 10b5-1) to avoid accusations of trading on inside information.
Key Dates
| Date | Description |
|---|---|
| 2023-11-03 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| 2024-01-04 | Options vested on or before this date |
| 2024-08-26 | Date of stock option exercise and share sale |
| 2027-01-04 | Expiration date of Non-qualified Stock Options |
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