What was the reference value per share for Michael W. Ranger’s Consolidated Edison (ED) grant?

The 1,596 Deferred Stock Units were valued at $106.51 per share. This value reflects the reference price used to determine the size of the equity award under the Long Term Incentive Plan, rather than a price paid in an open-market transaction.

Consolidated Edison (NYSE: ED) director awarded 1,596 deferred stock units

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

RANGER MICHAEL W reported acquisition or exercise transactions in this Form 4 filing.

CONSOLIDATED EDISON INC director Michael W. Ranger received an equity grant of 1,596 Deferred Stock Units of common stock, valued at $106.51 per unit, under the company’s Long Term Incentive Plan. After this award, he directly holds a total of 100,613.129 common shares equivalents.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider RANGER MICHAEL W

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,596	$106.51	$170K

Holdings After Transaction: Common Stock — 100,613.129 shares (Direct, null)

Footnotes (1)

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Key Figures

Equity award size: 1,596 Deferred Stock Units Grant reference price: $106.51 per unit Holdings after grant: 100,613.129 shares +1 more

4 metrics

Equity award size 1,596 Deferred Stock Units Grant under Long Term Incentive Plan

Grant reference price $106.51 per unit Value per Deferred Stock Unit on grant date

Holdings after grant 100,613.129 shares Total direct common stock equivalents after transaction

Transaction date May 19, 2026 Date of DSU grant

Key Terms

Deferred Stock Units, DSU, Long Term Incentive Plan, Common Stock

4 terms

Deferred Stock Units financial

"Represents the annual equity award of Deferred Stock Units ("DSU") under the Consolidated Edison, Inc. Long Term Incentive Plan."

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

DSU financial

"Each DSU represents one share of the Company's Common Stock."

Long Term Incentive Plan financial

"annual equity award of Deferred Stock Units ("DSU") under the Consolidated Edison, Inc. (the "Company") Long Term Incentive Plan."

A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.

Common Stock financial

"Each DSU represents one share of the Company's Common Stock."

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

05/20/2026 - 04:09 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

RANGER MICHAEL W

(Last)

(First)

(Middle)

CONSOLIDATED EDISON, INC. C/O SECRETARY

4 IRVING PLACE; ROOM 16-205

(Street)

NEW YORK

10003

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CONSOLIDATED EDISON INC [ ED ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/19/2026		A		1,596⁽¹⁾	A	$106.51	100,613.129	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents the annual equity award of Deferred Stock Units ("DSU") under the Consolidated Edison, Inc. (the "Company") Long Term Incentive Plan. Each DSU represents one share of the Company's Common Stock.

	William J. Kelleher; Attorney-in-Fact	05/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Consolidated Edison (ED) director Michael W. Ranger report on this Form 4?

Michael W. Ranger reported receiving 1,596 Deferred Stock Units as an equity grant. These units were awarded under Consolidated Edison’s Long Term Incentive Plan and each DSU represents one share of common stock, increasing his direct holdings to 100,613.129 shares equivalents.

Was the Consolidated Edison (ED) Form 4 transaction a market purchase or sale?

The transaction was not a market trade; it was an equity grant. Ranger acquired 1,596 Deferred Stock Units coded as a grant or award, rather than buying or selling shares on the open market, making this a compensation-related event instead of a trading decision.

How many Consolidated Edison (ED) shares does Michael W. Ranger hold after this grant?

Following the equity grant, Michael W. Ranger holds 100,613.129 common stock equivalents. This total includes the newly awarded 1,596 Deferred Stock Units, each of which represents one share of Consolidated Edison’s common stock under the Long Term Incentive Plan.

What are Deferred Stock Units (DSUs) in the Consolidated Edison (ED) plan?

Deferred Stock Units are equity awards where each unit represents one share of common stock. Under Consolidated Edison’s Long Term Incentive Plan, DSUs give directors like Ranger share-based compensation, typically settled in stock at a future date according to plan terms.