Consolidated Edison (ED) CEO converts RSUs and updates share holdings

Rhea-AI Filing Summary

Consolidated Edison Inc. reported an insider equity transaction for its President & CEO, CET, on 12/31/2025. The filing shows that 1,300 time-based restricted stock units converted into common stock on a one-for-one basis, increasing the executive’s direct common stock holdings. On the same date, 469 shares of common stock were disposed of at a price of $99.89 per share.

After these transactions, the reporting person directly beneficially owned 9,712.071 shares of Consolidated Edison common stock. This total includes shares acquired under the company’s Stock Purchase Plan between February 2025 and November 2025, as well as deferred stock units accumulated through the company’s Long Term Incentive Plan dividend reinvestment provision, with each deferred stock unit representing one share of common stock.

Insider Trade Summary

1,300 shares exercised/converted

Mixed 3 txns

Insider Nachmias Stuart

Role President & CEO, CET

Type	Security	Shares	Price	Value
Exercise	Time-Based Restricted Stock Units	1,300	$0.00	--
Exercise	Common Stock	1,300	$0.00	--
Tax Withholding	Common Stock	469	$99.89	$47K

Holdings After Transaction: Time-Based Restricted Stock Units — 0 shares (Direct); Common Stock — 10,181.071 shares (Direct)

Footnotes (1)

1. Time-based restricted stock units convert into common stock on a one-for-one basis. Includes 111.229 shares acquired under the Company's Stock Purchase Plan for the periods from February 2025 to November 2025, as well as 42.109 deferred stock units ("DSUs") acquired on March 15, 2025, 49.029 deferred stock units ("DSUs") acquired on June 15, 2025, 52.678 DSUs on September 15, 2025 and 53.148 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.

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^*

Nachmias Stuart

(Last) (First) (Middle)

CONSOLIDATED EDISON, INC. C/O SECRETARY

4 IRVING PLACE, SUITE 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO, CET

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		1,300	A	(1)	10,181.071(2)	D
Common Stock	12/31/2025		F		469	D	$99.89	9,712.071	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
Time-Based Restricted Stock Units	(1)	12/31/2025		M			1,300	12/31/2025	12/31/2025	Common	1,300	$0	0	D

Explanation of Responses:

1. Time-based restricted stock units convert into common stock on a one-for-one basis.

2. Includes 111.229 shares acquired under the Company's Stock Purchase Plan for the periods from February 2025 to November 2025, as well as 42.109 deferred stock units ("DSUs") acquired on March 15, 2025, 49.029 deferred stock units ("DSUs") acquired on June 15, 2025, 52.678 DSUs on September 15, 2025 and 53.148 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.

	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.

FAQ

What insider transaction did Consolidated Edison (ED) report in this Form 4?

The President & CEO, CET of Consolidated Edison Inc. reported the conversion of 1,300 time-based restricted stock units into common stock on 12/31/2025, along with the disposition of 469 common shares at $99.89 per share.

How many Consolidated Edison (ED) shares does the insider own after the reported transactions?

Following the reported transactions, the insider directly beneficially owned 9,712.071 shares of Consolidated Edison common stock.

What type of derivative securities were involved in the Consolidated Edison (ED) Form 4 filing?

The filing involves time-based restricted stock units that converted into common stock on a one-for-one basis. A total of 1,300 restricted stock units were converted and the derivative balance reported afterward was 0.

What was the sale price of Consolidated Edison (ED) shares in this insider transaction?

The disposition of 469 Consolidated Edison common shares reported in the filing occurred at a price of $99.89 per share.

How were additional Consolidated Edison (ED) shares accumulated by the insider in 2025?

The beneficially owned amount includes 111.229 shares acquired under the company’s Stock Purchase Plan from February 2025 to November 2025, as well as deferred stock units obtained through the Long Term Incentive Plan dividend reinvestment provision.

What are deferred stock units (DSUs) in this Consolidated Edison (ED) filing?

The filing explains that each deferred stock unit (DSU) represents one share of Consolidated Edison common stock. DSUs noted in the filing were acquired on several dates in 2025 pursuant to the company’s Long Term Incentive Plan.