Form 4: Edison International Director Carey A. Smith Reports Acquisition of Deferred Stock Units

Carey A. Smith, a director of Edison International, reported the acquisition of 3,050 deferred stock units on April 24, 2025, as part of director compensation.

Summary

• Carey A. Smith, a director at Edison International, filed a Form 4 to report changes in beneficial ownership.
• On April 24, 2025, Smith acquired 3,050 deferred stock units as part of director compensation upon re-election at the annual meeting.
• Each deferred stock unit is equivalent in value to one share of Edison International common stock.
• These units will be settled upon Smith's retirement, resignation, death, or disability, unless an alternative date is chosen.
• Following the reported transaction, Smith beneficially owns 14,570.3267 deferred stock units, including units acquired through dividend reinvestment.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating stability and alignment of interests. It is neither overwhelmingly positive nor negative.

Positives

• The acquisition of deferred 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 deferred 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 in the form of deferred stock units is a common practice among publicly traded companies, including utilities like Edison International.
• Companies such as NextEra Energy and Duke Energy also utilize stock-based compensation for their directors to align their interests with shareholders.

Stakeholder Impact

• The acquisition of deferred stock units by a director can positively influence shareholder confidence by aligning management's interests with those of the shareholders.

Key Dates

Keywords

Form 4, Edison International, Deferred Stock Units, Beneficial Ownership, Director Compensation, Carey A. Smith