Form 4: Edison International Executive VP and CFO Maria C. Rigatti Reports Acquisition of Stock Options and Restricted Stock Units
SEC Form 4 Filing
Maria C. Rigatti, Executive VP and CFO of Edison International, reports the acquisition of non-qualified stock options and restricted stock units.
Summary
- On March 3, 2025, Maria C. Rigatti, Executive VP and CFO of Edison International, reported acquiring 81,576 non-qualified stock options with an exercise price of $55.27.
- These options vest in three equal annual installments starting January 2, 2026.
- Rigatti also acquired 11,631 restricted stock units, each equivalent to one share of Edison International Common Stock, vesting on January 3, 2028.
- Following these transactions, Rigatti directly owns 81,576 non-qualified stock options and 11,631 restricted stock units.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports a standard transaction. The acquisition of stock options and restricted stock units can be seen as a positive sign of confidence, but it's a routine occurrence.
Positives
- The acquisition of stock options and restricted stock units suggests confidence in Edison International's future performance from the Executive VP and CFO.
Future Outlook
The vesting schedules for the stock options and restricted stock units indicate a multi-year incentive plan for 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 stock options and restricted stock units aligns the executive's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of transaction: acquisition of stock options and restricted stock units. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
| 01/02/2026 | First vesting date for the non-qualified stock options. |
| 01/04/2027 | Second vesting date for the non-qualified stock options. |
| 01/03/2028 | Final vesting date for the non-qualified stock options and vesting date for the restricted stock units. |
| 01/02/2035 | Expiration date for the non-qualified stock options. |
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