Form 4: Edison International Director Linda G. Stuntz Reports Acquisition of Phantom Stock

Director Linda G. Stuntz reports acquisition of phantom stock units following re-election at Edison International's annual meeting.

Summary

• Linda G. Stuntz, a director of Edison International, filed a Form 4 disclosing changes in beneficial ownership.
• On April 25, 2024, Ms. Stuntz acquired 2,496 phantom stock units upon re-election as a director.
• These phantom stock units are equal in value to one share of Edison International Common Stock.
• The units will be settled upon Ms. Stuntz's retirement, resignation, death, or disability, unless an alternative date is chosen.
• Following the transaction, Ms. Stuntz beneficially owns 21,288.3562 phantom stock units.
• This amount includes additional phantom stock units acquired through dividend reinvestment.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The director's acquisition of phantom stock units signals confidence in the company's future, but it's a routine transaction.

Positives

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders.
• Dividend reinvestment in phantom stock units demonstrates 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 routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates a director's continued investment in the company's future.

Stakeholder Impact

• The acquisition of phantom stock units by a director can positively influence shareholder sentiment.

Key Dates