Form 4: Edison International Director Michael C. Camunez Reports Acquisition of Deferred Stock Units
SEC Form 4 Filing
Director Michael C. Camunez reports acquisition of 3,050 deferred stock units in Edison International following re-election.
Summary
- Michael C. Camunez, a director of Edison International, filed a Form 4 disclosing changes in beneficial ownership.
- On April 24, 2025, Camunez acquired 3,050 deferred stock units as part of his re-election as a director.
- These deferred stock units are convertible to common stock on a 1-for-1 basis and will be settled upon retirement, resignation, death, or disability, unless an alternative date is chosen.
- Following the transaction, Camunez beneficially owns 24,781.2074 deferred stock units.
- The reported holdings include additional deferred stock units acquired through dividend reinvestment.
Sentiment
Score: 7
Explanation: Routine disclosure of director's compensation; positive as it aligns director's interests with shareholders.
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
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of deferred stock units by a director can be viewed positively by shareholders as it aligns management's interests with theirs.
Key Dates
| Date | Description |
|---|---|
| 04/24/2025 | Date of transaction: Acquisition of deferred stock units. |
| 04/26/2025 | Date of Form 4 filing. |
Keywords
Form 4, Edison International, Deferred Stock Units, Beneficial Ownership, Director, Camunez, EIX, Dividend Reinvestment
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