Form 4: Edison International CFO Reports RSU Conversion, Tax Withholding

Edison International's Executive VP and CFO, Maria C. Rigatti, reported the conversion of restricted stock units and subsequent share withholding for tax obligations.

Summary

• Maria C. Rigatti, Executive VP and CFO of Edison International, converted 820 restricted stock units (RSUs) into common stock on December 16, 2025.
• Concurrently, 820 shares of common stock were withheld by the issuer at a price of $59.09 per share to satisfy her employment tax obligations.
• Following these transactions, Rigatti directly owns 77,494 shares of common stock.
• Her remaining derivative holdings include 11,368.9996 restricted stock units.
• The reported holdings also include additional restricted stock units acquired through dividend reinvestment, which are exempt from Section 16(a) reporting.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction related to executive compensation and tax obligations, which is neutral in sentiment.

Positives

• The reporting person was granted 11,631 restricted stock units on March 3, 2025, indicating ongoing compensation and retention.
• Additional restricted stock units were acquired through dividend reinvestment, suggesting a growing equity stake.

Negatives

• 820 shares of common stock were disposed of (withheld by the issuer) to cover employment tax obligations, reducing direct share ownership.

Future Outlook

NA

Industry Context

This Form 4 filing details a routine insider transaction for tax purposes, common across publicly traded companies where executives receive equity compensation. It does not provide broader industry context or trends.

Related Party Transactions

• Maria C. Rigatti, an executive officer of Edison International, engaged in a transaction involving the conversion of restricted stock units and the withholding of shares by the issuer to satisfy tax obligations, which is a standard related-party transaction for executive compensation.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not indicative of a change in company fundamentals or executive confidence.
• Employees: No direct impact.
• Customers: No direct impact.
• Suppliers: No direct impact.
• Creditors: No direct impact.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary transaction by an executive to cover tax obligations related to equity compensation. It does not provide new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. The transaction is a standard part of executive compensation and does not signal a change in management's confidence or the company's outlook.

Keywords

Edison International, EIX, Form 4, Insider Transaction, Restricted Stock Units, RSU Conversion, Tax Withholding, Maria C. Rigatti, CFO, Executive Compensation