Form 4: Edison International CEO Pizarro Reports Stock Transactions

Edison International's President and CEO, Pedro Pizarro, reported the automatic conversion and payment of restricted stock units, resulting in both acquisition and disposition of common stock.

Summary

• Pedro Pizarro, President and CEO of Edison International (EIX), reported transactions involving the company's common stock.
• On January 2, 2026, Pizarro acquired 40,199.2352 shares of Common Stock through the conversion of Restricted Stock Units (RSUs).
• Concurrently, 18,103 shares of Common Stock were disposed of at a price of $60.93 per share, likely for tax withholding related to the RSU vesting.
• An additional 0.2352 shares of Common Stock were disposed of at $60.93 per share, representing a portion of the award paid in cash.
• Following these transactions, Pizarro's direct beneficial ownership of Common Stock stands at 298,783 shares.
• The transactions were part of an automatic, scheduled payment of an award, with a portion paid in shares and a portion in cash.
• Each Restricted Stock Unit is equivalent in value to one share of Edison International Common Stock.
• Reported holdings include additional restricted stock units acquired via dividend reinvestment, which are exempt from Section 16(a) reporting.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it reflects the vesting of executive compensation, which is a routine and expected event. While there's a disposition of shares for tax purposes, the overall event is a positive for the executive and aligns their interests with shareholders.

Positives

• The acquisition of 40,199.2352 shares of Common Stock indicates the vesting and payment of a compensation award to the CEO, aligning management's interests with shareholders.
• The transaction was an automatic, scheduled payment, reflecting a routine and expected compensation event.

Negatives

• The disposition of 18,103 shares of Common Stock at $60.93 per share, likely for tax withholding, reduces the CEO's direct shareholding, though this is a common practice for RSU vesting.

Future Outlook

NA

Management Comments

• "Pursuant to the terms of this award, these transactions were an automatic, scheduled payment. Only a portion of the award was actually paid in shares of Edison International Common Stock, while a portion of the award was paid in cash only."
• "Each restricted stock unit is equal in value to one share of Edison International Common Stock."
• "The holdings reported herein include additional restricted stock units acquired pursuant to dividend reinvestment and exempt from reporting under Section 16(a)."

Industry Context

This filing is a routine insider transaction report and does not provide information related to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: The transaction is a routine compensation event for the CEO and does not indicate any significant change in company strategy or financial health. It reflects the ongoing alignment of executive incentives with shareholder value through equity awards.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Recommendation

This Form 4 filing details a routine, automatic, and scheduled compensation event for the CEO, involving the vesting of restricted stock units and subsequent disposition of shares for tax purposes. It does not contain any new material information regarding the company's operational performance, strategic direction, or financial outlook that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as the filing is not indicative of fundamental changes.

Keywords

Edison International, EIX, Pedro Pizarro, Form 4, Insider Transaction, Restricted Stock Units, Common Stock, CEO, Compensation, Stock Vesting