Form 4: Edison International Director Marcy L. Reed Reports Acquisition of Phantom Stock

Director Marcy L. Reed reports acquisition of phantom stock units following re-election at Edison International's annual meeting.

Summary

• Marcy L. Reed, a director of Edison International, filed a Form 4 on April 27, 2024, reporting changes in beneficial ownership.
• The report indicates that Reed acquired 2,496 phantom stock units on April 25, 2024, upon re-election as a director.
• These phantom stock units are equivalent in value to shares of Edison International Common Stock.
• The phantom stock units will be settled upon Reed's retirement, resignation, death, or disability, unless another date is elected.
• Reed directly owns 7,816.1832 phantom stock units, including additional units 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 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 routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates a director's acquisition of phantom stock, a common form of equity compensation.

Comparison to Industry Standards

• Equity compensation in the form of phantom stock is a common practice among publicly traded companies, including utilities like Edison International.
• Companies such as NextEra Energy and Duke Energy also utilize similar equity-based compensation plans for their directors and executives.

Stakeholder Impact

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term performance.

Key Dates