Form 4: Edison International Director James T. Morris Reports Acquisition of Phantom Stock Units

Director James T. Morris reports acquisition of 2,496 phantom stock units of Edison International following re-election as director.

Summary

• James T. Morris, a director of Edison International, filed a Form 4 on April 28, 2024, reporting a transaction on April 25, 2024.
• The transaction involved the acquisition of 2,496 phantom stock units due to re-election as a director.
• Each phantom stock unit is equivalent in value to one share of Edison International Common Stock.
• These units will be settled upon the director's retirement, resignation, death, or disability, unless an alternative date is chosen.
• Following the reported transaction, Morris beneficially owns 21,744.938 phantom stock units.
• This total includes additional phantom stock units acquired through dividend reinvestment.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of phantom stock units by a director is generally seen as a positive sign, indicating confidence in the company's future performance. The dividend reinvestment further reinforces this positive sentiment.

Positives

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders.
• The dividend reinvestment indicates a long-term commitment to 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

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that a director has acquired additional equity in the company, aligning their interests with shareholders.

Stakeholder Impact

• The acquisition of phantom stock units by a director can positively influence shareholder confidence.
• The director's interests are further aligned with those of the shareholders.

Key Dates