Form 4: Edison International Director Converts Stock Units

Edison International Director Carey A. Smith converted deferred stock units into common stock and disposed of fractional shares.

Summary

• Director Carey A. Smith of Edison International (EIX) reported transactions on January 1, 2026, under a Rule 10b5-1(c) plan.
• Smith converted 949.9842 deferred stock units into an equal number of common stock shares.
• A fractional share amount of 0.9842 common stock was automatically cashed out by the issuer at $60.02 per share.
• Following these transactions, Smith directly owns 3,856 shares of common stock.
• Smith also beneficially owns 14,087.2918 deferred stock units, which include units acquired through dividend reinvestment and are exempt from Section 16(a) reporting.
• These deferred stock units are convertible to common stock on a 1-for-1 basis and are generally settled upon retirement, resignation, death, or disability, unless another date is elected.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. The director converted deferred stock units into common stock, increasing direct ownership, which can be seen as a positive sign of confidence. The fractional share cash-out is a minor, administrative event.

Positives

• The conversion of 949.9842 deferred stock units into common stock increases the director's direct ownership in the company, potentially signaling confidence.
• The reporting person continues to hold a significant number of deferred stock units (14,087.2918), indicating continued long-term interest in the company's performance.

Negatives

• A minor disposition of 0.9842 fractional common shares occurred due to an automatic cash-out by the issuer.

Related Party Transactions

• Director Carey A. Smith converted 949.9842 deferred stock units, granted by Edison International, into common stock.
• Edison International automatically cashed out 0.9842 fractional common shares from Director Carey A. Smith at $60.02 per share.

Stakeholder Impact

• Shareholders: Increased direct ownership by a director could be seen as a positive signal of alignment with shareholder interests.

Key Dates

Keywords

Edison International, EIX, Form 4, Insider Trading, Beneficial Ownership, Deferred Stock Units, Common Stock, Director, Carey A. Smith, Stock Conversion