Form 4: Edison International CEO Pedro Pizarro Exercises Stock Options and Receives Restricted Stock Units
SEC Form 4 Filing
Edison International's CEO, Pedro Pizarro, executed stock options and received restricted stock units, resulting in changes to his beneficial ownership of company stock.
Summary
- On January 2, 2025, Edison International CEO Pedro Pizarro exercised 111,608 stock options at a price of $63.72 per share.
- A total of 98,628 shares were withheld to cover the exercise price and tax obligations at a price of $80.01 per share.
- Pizarro also received 38,794.7379 restricted stock units, with a portion paid in shares and a portion in cash.
- 19,700 shares were withheld for cash payment of the award at a price of $80.01 per share.
- The transactions resulted in a net change in Pizarro's direct ownership of Edison International common stock.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions, with no indication of positive or negative sentiment. It is a neutral event.
Industry Context
This filing is a routine disclosure of executive stock transactions, which is common in publicly traded companies. It provides transparency into the compensation and ownership structure of the company's leadership.
Comparison to Industry Standards
- Executive compensation packages often include stock options and restricted stock units as incentives.
- The automatic exercise of in-the-money stock options prior to expiration is a standard practice.
- Withholding shares to cover taxes and exercise costs is a common procedure in equity compensation plans.
- The reporting of these transactions via SEC Form 4 is a standard regulatory requirement for company insiders.
Stakeholder Impact
- The transactions have a minor impact on the total outstanding shares of Edison International.
- The disclosure provides transparency to shareholders regarding executive compensation.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of stock option exercise and restricted stock unit transactions. |
| 01/06/2025 | Date of signature for the SEC Form 4 filing. |
Keywords
stock options, restricted stock units, insider trading, beneficial ownership, Edison International, executive compensation, equity securities
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