Form 4: Edison International Director Beliveau-Dunn Reports Acquisition of Phantom Stock

Director Jeanne Beliveau-Dunn reports acquisition of phantom stock units following re-election at Edison International's annual meeting.

Summary

• Jeanne Beliveau-Dunn, a director of Edison International, filed a Form 4 disclosing changes in beneficial ownership.
• On April 25, 2024, Beliveau-Dunn acquired 2,496 phantom stock units as part of her re-election as a director.
• These phantom stock units are equivalent in value to one share of Edison International Common Stock each.
• The units will be settled upon Beliveau-Dunn's retirement, resignation, death, or disability, unless an alternative date is chosen.
• Following the transaction, Beliveau-Dunn beneficially owns 16,554.7846 phantom stock units, including those acquired through dividend reinvestment.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment due to alignment of interests.

Positives

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders.
• Dividend reinvestment further increases the director's stake in the company.

Future Outlook

The phantom stock units will be settled upon the Reporting Person's retirement, resignation, death or disability, unless another date(s) is elected by the Reporting Person.

Industry Context

Reporting of beneficial ownership changes by company directors is a standard practice to ensure transparency and compliance with SEC regulations.

Comparison to Industry Standards

• Director compensation packages often include stock or stock-based awards to align their interests with shareholders, similar to practices at companies like NextEra Energy and Duke Energy.
• Phantom stock units are a common form of deferred compensation, comparable to restricted stock units (RSUs) used by many public companies.

Stakeholder Impact

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.

Key Dates