Form 4: Edison International Executive VP Adam Umanoff Reports Stock Option Exercises and Share Sales

Adam Umanoff, Executive VP, GC and Corp. Sec. of Edison International, reports exercising stock options and selling shares on October 31, 2024.

Summary

• On October 31, 2024, Adam S. Umanoff, Executive VP, GC and Corp. Sec. of Edison International (EIX), exercised non-qualified stock options to acquire shares of common stock.
• Umanoff exercised options to acquire 83,572 shares at $63.72, 76,015 shares at $66.88, and 67,180 shares at $60.78.
• Simultaneously, Umanoff disposed of shares to cover the exercise price and tax obligations.
• He disposed of 74,037 shares at $82.90, 68,771 shares at $82.90 and 58,340 shares at $82.90 for tax obligations and exercise price.
• Additionally, Umanoff sold 25,619 shares at a weighted average price of $83.0454, with prices ranging from $82.85 to $83.34.
• Following these transactions, Umanoff directly owns 0 shares of Edison International common stock and indirectly owns 39,319 shares through a Family Trust and 5,380.5049 shares through the Edison 401(k) Savings Plan.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard regulatory filing detailing stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common for executives who receive stock options as part of their compensation. These transactions do not necessarily indicate a change in the executive's confidence in the company.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely to be insignificant.

Key Dates