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Consolidated Edison (ED) CEO details 22,400 RSU conversion and 11,436-share sale

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Consolidated Edison Inc.'s Chairman, President & CEO, who is also a director, reported equity transactions dated 12/31/2025. Time-based restricted stock units converted into 22,400 shares of common stock on a one-for-one basis, increasing directly held shares. On the same date, 11,436 shares of common stock were disposed of at $99.89 per share, identified with a tax-related transaction code. After these moves, the reporting person directly beneficially owned 126,604.732 shares of common stock and indirectly held 4.294 shares through a Thrift Plan. The report also notes additional shares and deferred stock units accumulated earlier in 2025 under company stock and long-term incentive plans.

Positive

  • None.

Negative

  • None.
Insider Cawley Timothy
Role Chairman, President & CEO
Type Security Shares Price Value
Exercise Time-Based Restricted Stock Units 22,400 $0.00 --
Exercise Common Stock 22,400 $0.00 --
Tax Withholding Common Stock 11,436 $99.89 $1.14M
holding Common Stock -- -- --
Holdings After Transaction: Time-Based Restricted Stock Units — 0 shares (Direct); Common Stock — 138,040.732 shares (Direct); Common Stock — 4.294 shares (Indirect, By THRIFT PLAN)
Footnotes (1)
  1. Time-based restricted stock units convert into common stock on a one-for-one basis. Includes 388.794 shares acquired under the Company's Stock Purchase Plan for the periods from February 2025 to November 2025, as well as 852.289 deferred stock units ("DSUs") acquired on March 15, 2025, 864.258 DSUs on June 15, 2025, 928.579 DSUs on September 15, 2025 and 936.862 DSUs on December 15, 2025, pursuant to the Company's Long Term Incentive Plan's dividend reinvestment provision. Each DSU represents one share of the Company's common stock. Between 01/31/25 and 12/31/25 the reporting person's shares of Company common stock under the Thrift decreased by 0.001. The information in this report is based on a Thrift Plan statement dated as of 12/31/25.
Form 4 Insider Transactions: What Each Field Means →
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*
Cawley Timothy
(Last) (First) (Middle)
CONSOLIDATED EDISON, INC. C/O SECRETARY
4 IRVING PLACE, ROOM 16-205
(Street)
NEW YORK NY 10003
(City) (State) (Zip)
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
X Officer (give title below) Other (specify below)
Chairman, President & CEO
3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock 12/31/2025 M 22,400 A (1) 138,040.732(2) D
Common Stock 12/31/2025 F 11,436 D $99.89 126,604.732 D
Common Stock 4.294(3) I By THRIFT PLAN
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Time-Based Restricted Stock Units (1) 12/31/2025 M 22,400 12/31/2025 12/31/2025 Common Stock 22,400 $0 0 D
Explanation of Responses:
1. Time-based restricted stock units convert into common stock on a one-for-one basis.
2. Includes 388.794 shares acquired under the Company's Stock Purchase Plan for the periods from February 2025 to November 2025, as well as 852.289 deferred stock units ("DSUs") acquired on March 15, 2025, 864.258 DSUs on June 15, 2025, 928.579 DSUs on September 15, 2025 and 936.862 DSUs on December 15, 2025, pursuant to the Company's Long Term Incentive Plan's dividend reinvestment provision. Each DSU represents one share of the Company's common stock.
3. Between 01/31/25 and 12/31/25 the reporting person's shares of Company common stock under the Thrift decreased by 0.001. The information in this report is based on a Thrift Plan statement dated as of 12/31/25.
William J. Kelleher; Attorney-in-Fact 01/05/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did ED's CEO report on December 31, 2025?

The Chairman, President & CEO of Consolidated Edison Inc. (ED) reported the conversion of 22,400 time-based restricted stock units into common stock and a related disposition of 11,436 shares of common stock on 12/31/2025.

How many Consolidated Edison (ED) shares does the insider own after this transaction?

Following the reported 12/31/2025 transactions, the insider beneficially owned 126,604.732 shares of Consolidated Edison common stock directly and 4.294 shares indirectly through a Thrift Plan.

What was the price for the ED shares disposed of by the insider?

The reported disposition of 11,436 shares of Consolidated Edison common stock was at a price of $99.89 per share, coded as a tax-related transaction.

What are time-based restricted stock units in this ED insider filing?

The filing explains that time-based restricted stock units convert into Consolidated Edison common stock on a one-for-one basis, meaning each unit becomes one share when it vests.

What additional ED equity did the insider accumulate during 2025?

The beneficial ownership figure includes 388.794 shares acquired under the Stock Purchase Plan from February to November 2025 and several blocks of deferred stock units (DSUs) acquired on quarterly dates in 2025 under the Long Term Incentive Plan.

Is the ED insider filing made by a single reporting person?

Yes. The form indicates it is filed by one reporting person, who serves as Consolidated Edison Inc.'s Chairman, President & CEO and as a director.