Consolidated Edison (NYSE: ED) officer reports RSU vesting, 433 shares withheld

Rhea-AI Filing Summary

Consolidated Edison Inc. disclosed an insider equity transaction by an officer identified as President & CEO, O&R. On 12/31/2025, the reporting person exercised 1,200 time-based restricted stock units, which converted into the same number of common shares on a one-for-one basis. On the same date, 433 common shares were disposed of in a transaction coded "F" at a price of $99.89 per share, typically used to indicate shares withheld to cover tax obligations.

After these transactions, the officer directly held 19,455.848 shares of common stock and indirectly held 484.614 shares through a Thrift Plan as of 12/31/2025. The directly held amount includes deferred stock units acquired during 2025 under the company’s Long Term Incentive Plan dividend reinvestment provision, with each unit representing one share of common stock.

Insights

Insider transactions analyst

Routine Form 4 showing RSU vesting and tax-share withholding.

The filing shows a Consolidated Edison officer receiving 1,200 common shares on 12/31/2025 as time-based restricted stock units vested one-for-one into stock. This is a standard form of equity compensation rather than an open-market purchase.

A portion, 433 shares at $99.89 each, was recorded as a code "F" transaction, which is typically used for shares withheld to satisfy tax obligations. Following these entries, the officer reported 19,455.848 directly held shares and 484.614 shares held indirectly through a Thrift Plan as of 12/31/2025.

Because the activity reflects routine vesting and associated tax withholding, and the filing does not indicate an unusually large position change or special event, the overall impact appears administrative rather than thesis-changing for investors.

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

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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^*

O'Connell Michele

(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)

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

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		1,200	A	(1)	19,888.848(2)	D
Common Stock	12/31/2025		F		433	D	$99.89	19,455.848	D
Common Stock								484.614(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			1,200	12/31/2025	12/31/2025	Common Stock	1,200	$0	0	D

Explanation of Responses:

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

2. Includes 99.255 deferred stock units ("DSUs") acquired on March 15, 2025, 128.800 DSUs on June 15, 2025, 138.385 DSUs on September 15, 2025 and 139.620 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 0.183. 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
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FAQ

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

The company reported that an officer serving as President & CEO, O&R had 1,200 time-based restricted stock units convert into the same number of common shares on 12/31/2025.

How many Consolidated Edison (ED) shares were sold or withheld in the transaction?

On 12/31/2025, 433 common shares were disposed of in a transaction coded "F" at $99.89 per share, a code generally used for shares withheld to cover taxes on equity awards.

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

Following the reported transactions, the officer beneficially owned 19,455.848 shares of Consolidated Edison common stock directly and 484.614 shares indirectly through a Thrift Plan as of 12/31/2025.

What happened to the time-based restricted stock units in this Consolidated Edison (ED) filing?

The filing states that time-based restricted stock units convert into common stock on a one-for-one basis, and on 12/31/2025, 1,200 units converted into 1,200 common shares, leaving 0 derivative units reported afterward.

Does this Consolidated Edison (ED) Form 4 involve derivative securities?

Yes. Table II shows time-based restricted stock units as derivative securities, with 1,200 units exercised at an effective price of $0 and converting into 1,200 common shares on 12/31/2025.

What are the deferred stock units (DSUs) mentioned in the Consolidated Edison (ED) Form 4?

The explanation notes that the direct holdings include DSUs acquired on several dates in 2025 under the Long Term Incentive Plan’s dividend reinvestment provision, and that each DSU represents one share of Consolidated Edison common stock.

Who signed the Consolidated Edison (ED) Form 4 and in what capacity?

The Form 4 was signed by William J. Kelleher as Attorney-in-Fact for the reporting person, indicating he had authority to sign on the insider’s behalf.