Form 4: Edison International Executive VP and CFO, Maria C. Rigatti, Reports Stock Transactions

Maria C. Rigatti, Executive VP and CFO of Edison International, reported the exercise of stock options and vesting of restricted stock units on January 2, 2025.

Summary

• Maria C. Rigatti, the Executive VP and CFO of Edison International, engaged in several stock transactions on January 2, 2025.
• These transactions included the exercise of 22,500 stock options at a price of $63.72 per share.
• A portion of the exercised shares, specifically 19,653, were withheld to cover the exercise price and tax obligations at a price of $80.01 per share.
• Additionally, 8,455.3355 restricted stock units vested, with a portion paid in shares and another portion paid in cash.
• The cash portion of the restricted stock unit payment was equivalent to 2,806 shares at $80.01 per share.
• A small fraction of a share, 0.3355, was also disposed of at $80.01 per share as part of the cash payment.
• Following these transactions, Ms. Rigatti directly owns 65,818 shares of Edison International common stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing stock transactions by an executive, which is neither positive nor negative in itself.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

• Stock option exercises and restricted stock unit vesting are standard forms of executive compensation in publicly traded companies.
• The reporting of these transactions via SEC Form 4 is a regulatory requirement to ensure transparency and prevent insider trading.
• Companies like Southern Company (SO) and NextEra Energy (NEE) also regularly report similar transactions by their executives.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect the standard compensation practices for executives.
• The transactions do not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Edison International, stock options, restricted stock units, insider trading, Maria C. Rigatti, executive compensation, SEC Form 4