Form 4: Edison International Executive J. Andrew Murphy Executes Stock Option and Sells Shares
SEC Form 4 Filing
J. Andrew Murphy, President & CEO of Edison Energy, exercised stock options and sold shares of Edison International on August 23, 2024, according to a Form 4 filing with the SEC.
Summary
- On August 23, 2024, J. Andrew Murphy, President & CEO of Edison Energy (a subsidiary of Edison International), exercised non-qualified stock options to acquire 1,362 shares of Edison International common stock at a price of $79.38 per share.
- Simultaneously, Murphy sold 1,362 shares of Edison International common stock at $85 per share.
- These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 3, 2023.
- Following these transactions, Murphy directly owns 19,849.821 shares of Edison International common stock and 23,896 non-qualified stock options.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports routine stock transactions by an executive under a pre-arranged trading plan. There is no indication of positive or negative implications for the company.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are closely monitored by investors and regulators. Rule 10b5-1 plans are frequently used to allow insiders to trade company stock without being accused of trading on non-public information.
Key Dates
| Date | Description |
|---|---|
| 11/03/2023 | Date of adoption of Rule 10b5-1 trading plan |
| 01/04/2021 | Options vested on or before this date |
| 01/04/2027 | Expiration date of Non-qualified Stock Options |
| 08/23/2024 | Date of stock option exercise and sale of shares |
| 08/24/2024 | Date of Form 4 filing |
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