Form 4: Edison International CEO Receives Performance Shares

Edison International's Edison Energy CEO, J. Andrew Murphy, received 4,393.1259 common shares as payment for a performance award, with some shares sold for tax obligations.

Summary

• J. Andrew Murphy, President & CEO of Edison Energy, a subsidiary of Edison International, reported transactions involving Edison International common stock.
• On February 25, 2026, Murphy acquired 4,393.1259 shares of common stock at a price of $0.
• This acquisition was an automatic, scheduled payment of performance shares from an award with a three-year performance measurement period.
• A portion of the award was paid in shares, while another portion was paid in cash.
• Concurrently, Murphy disposed of 1,635 shares of common stock at $75.2 per share, which were related to tax withholding for the performance share payment.
• Additionally, 0.1259 shares were disposed of at $75.2 per share, representing a portion of the award that was paid in cash only.
• Following these transactions, Murphy beneficially owns 20,987.821 shares of Edison International common stock directly.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a routine, slightly positive event for the executive, reflecting the payout of a performance award, which is a standard compensation practice and indicates performance targets were met.

Positives

• J. Andrew Murphy received 4,393.1259 shares of Edison International common stock as payment for a performance award, indicating successful achievement of performance metrics over a three-year period.
• The award demonstrates the company's commitment to performance-based compensation for its executives.

Negatives

• 1,635 shares of common stock were disposed of at $75.2 per share to cover tax obligations related to the performance share payment, reducing the direct increase in beneficial ownership.
• A small fraction (0.1259 shares) was disposed of as part of the cash-only portion of the award, further reducing the share component.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future outlook.

Industry Context

StockSavvy.ai notes that performance share awards and subsequent tax-related dispositions are standard practices in executive compensation across various industries, particularly in large publicly traded utility holding companies like Edison International. This transaction reflects a routine compensation event rather than a strategic industry shift.

Comparison to Industry Standards

• The structure of performance share awards with a three-year measurement period is a common practice in executive compensation, aligning executive incentives with long-term company performance, similar to peers such as NextEra Energy (NEE) or Duke Energy (DUK).
• The disposition of shares to cover tax obligations (Code F transaction) is a standard and expected component of equity compensation payouts across all industries, ensuring compliance with tax laws for vested awards.

Related Party Transactions

• The reported transactions represent compensation-related dealings between Edison International and J. Andrew Murphy, an executive of its subsidiary, Edison Energy.

Stakeholder Impact

• Shareholders: The issuance of shares for executive compensation is a routine dilution event, but the scale of this specific transaction is minor and unlikely to have a material impact on existing shareholders.
• Employees: This filing highlights the company's executive compensation structure, which may influence broader employee compensation strategies and morale.

Key Dates

Keywords

Edison International, EIX, Insider Transaction, Form 4, Performance Shares, Executive Compensation, Stock Award, J. Andrew Murphy