Con Edison Director Adds 484.978 DSUs, Total Ownership 96,480.845

Rhea-AI Filing Summary

Michael W. Ranger, a director of Consolidated Edison, Inc. (ED), acquired 484.978 Deferred Stock Units (DSUs) on 09/30/2025 at an attributed price of $100.52 per share as an election in lieu of the quarterly board retainer. Each DSU represents one share of common stock. After the transaction, the reporting person beneficially owned 96,480.845 shares/DSUs. The filing also notes 838.763 DSUs were added on 09/15/2025 under the Plan's dividend reinvestment provision. The Form 4 was signed on 10/02/2025 by an attorney-in-fact.

Positive

• Director acquisition: 484.978 DSUs acquired on 09/30/2025 aligning director with shareholders
• High ownership level: Reporting person beneficially owns 96,480.845 shares/DSUs after the transaction
• Dividend reinvestment: 838.763 DSUs added on 09/15/2025 under the Plan

Negative

• None.

Insights

Corporate Governance Analyst

Director purchased DSUs equal to 484.978 shares, raising ownership to 96,480.845.

The filing documents a routine board compensation election: the director received DSUs instead of cash for the quarterly retainer on 09/30/2025. The DSUs are granted under the Companys Long Term Incentive Plan and each unit converts to one share, preserving long-term alignment with shareholders.

The separate note that 838.763 DSUs were credited on 09/15/2025 reflects dividend reinvestment into additional DSUs under the Plan.

Insider Transactions Specialist

Transaction coded V indicates a conversion/election under the compensation plan, not an open-market trade.

The reported price of $100.52 is the attributable per-share amount for the DSUs on 09/30/2025. Because the acquisition arises from compensation election and dividend reinvestment, this Form 4 signals internal compensation mechanics rather than market buying or selling pressure.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider RANGER MICHAEL W

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	484.978	$100.52	$49K

Holdings After Transaction: Common Stock — 96,480.845 shares (Direct)

Footnotes (1)

1. Represents Deferred Stock Units ("DSUs") acquired in lieu of cash for the quarterly board retainer fee at the election of the filer, pursuant to the terms of the Consolidated Edison, Inc. (the "Company") Long Term Incentive Plan (the "Plan"). Each DSU represents one share of the Company's Common Stock. Includes 838.763 DSUs acquired on September 15, 2025, pursuant to the Plan's dividend reinvestment provision.

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).

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 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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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	09/30/2025		A		484.978(1)	A	$100.52	96,480.845(2)	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents Deferred Stock Units ("DSUs") acquired in lieu of cash for the quarterly board retainer fee at the election of the filer, pursuant to the terms of the Consolidated Edison, Inc. (the "Company") Long Term Incentive Plan (the "Plan"). Each DSU represents one share of the Company's Common Stock.

2. Includes 838.763 DSUs acquired on September 15, 2025, pursuant to the Plan's dividend reinvestment provision.

	William J. Kelleher; Attorney-in-Fact	10/02/2025
	** 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.

FAQ

What did Michael W. Ranger report on the Form 4 for ED?

He reported acquiring 484.978 Deferred Stock Units (DSUs) on 09/30/2025 at an attributable price of $100.52, bringing total beneficial ownership to 96,480.845 shares/DSUs.

What does transaction code V mean in this Form 4?

Code V indicates the acquisition resulted from an election under the companys compensation plan (DSUs received in lieu of cash retainer), as stated in the filing.

Did the filing report any derivative transactions for ED?

No derivative securities are reported in Table II; the filing documents non-derivative DSU acquisitions only.

Were any dividend reinvestments disclosed?

Yes, the filing states 838.763 DSUs were acquired on 09/15/2025 under the Plan's dividend reinvestment provision.

Who signed the Form 4 and when?

The Form 4 was signed by William J. Kelleher as attorney-in-fact on 10/02/2025.