Consolidated Edison (NYSE: ED) VP gains shares and long-term unit grants

Rhea-AI Filing Summary

CONSOLIDATED EDISON INC vice president and controller Joseph Miller reported equity compensation activity tied to the company’s long-term incentive plans. He exercised 841 Performance Units into 841 shares of common stock at $113.92 per share and now holds 5,173.227 common shares directly.

Performance Units granted in 2023 under the Long Term Incentive Plan vested based on performance criteria, with each unit economically equivalent to one common share. Miller also received a new grant of 1,500 Performance Units scheduled to vest in 2029, and 600 time-based restricted stock units scheduled to vest on December 31, 2028.

The filing notes indirect ownership of 127.122 common shares through the TRASOP plan as of a thrift plan statement dated January 31, 2026, and that 15.046 shares were acquired under the company’s Stock Purchase Plan since his last filing.

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^*

Miller Joseph

(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)
	VP & Controller

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

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	02/18/2026		M		841	A	$113.92(1)	5,173.227(2)	D
Common Stock								127.122(3)	I	By TRASOP

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
Performance Units	(1)	02/18/2026		M			841	(1)	(1)	Common Stock	841	(1)	0	D
Performance Units	(4)	02/18/2026		A		1,500		(4)	(4)	Common Stock	1,500	(4)	1,500	D
Time - Based Restricted Stock Units	(5)	02/18/2026		A		600		12/31/2028	12/31/2028	Common Stock	600	(5)	600	D

Explanation of Responses:

1. Represents Performance Units granted in 2023 under the Company's Long Term Incentive Plan (the "LTIP") that vested. The number of shares has been adjusted from the original reporting based upon the achievement of the performance criteria. Each Performance Unit is the economic equivalent of one share of Company common stock.

2. Includes 15.046 shares acquired under the Company's Stock Purchase Plan since the reporting person's last filing.

3. Between 12/31/25 and 1/31/2026, the reporting person's shares of Company common stock under the TRASOP increased by 7.166. The information in this report is based on a Thrift Plan statement dated as of 1/31/26.

4. Represents a grant of Performance Units granted under the LTIP scheduled to vest in 2029 upon the determination of the performance criteria by the Management Development and Compensation Committee of the Board of Directors of the Company. Each Performance Unit is the economic equivalent of one share of Company common stock. The number of shares (or cash equivalents) ultimately received will be adjusted and determined based upon the achievement of the performance criteria.

5. Represents a grant of time-based restricted stock units under the LTIP scheduled to vest in full on December 31, 2028. Each time-based restricted stock unit is a contingent right to receive one share of Company common stock.

	William J. Kelleher; Attorney-in-Fact	02/20/2026
	** Signature of Reporting Person	Date
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FAQ

What equity awards did CONSOLIDATED EDISON (ED) VP Joseph Miller receive?

Joseph Miller received 1,500 Performance Units and 600 time-based restricted stock units. The Performance Units are scheduled to vest in 2029 based on performance criteria, while the restricted stock units are scheduled to vest in full on December 31, 2028.

How many CONSOLIDATED EDISON (ED) shares did Joseph Miller acquire through Performance Units?

Miller converted 841 Performance Units into 841 shares of common stock at a price of $113.92 per share. These units were granted in 2023 under the Long Term Incentive Plan and vested based on the achievement of specified performance criteria.

What is Joseph Miller’s direct common stock ownership in CONSOLIDATED EDISON (ED) after these transactions?

After the reported transactions, Miller directly owns 5,173.227 shares of CONSOLIDATED EDISON common stock. This total reflects the newly acquired 841 shares from vested Performance Units in addition to his previously held directly owned common shares.

How are Joseph Miller’s new Performance Units in CONSOLIDATED EDISON (ED) structured?

The new 1,500 Performance Units are granted under the Long Term Incentive Plan and are scheduled to vest in 2029. The final number of shares or cash equivalents received will depend on the achievement of performance criteria determined by the board committee.

When do Joseph Miller’s time-based restricted stock units in CONSOLIDATED EDISON (ED) vest?

Miller’s 600 time-based restricted stock units are scheduled to vest in full on December 31, 2028. Each restricted stock unit represents a contingent right to receive one share of CONSOLIDATED EDISON common stock upon vesting, assuming all conditions are satisfied.

What indirect CONSOLIDATED EDISON (ED) holdings does Joseph Miller report through TRASOP?

Miller reports indirect ownership of 127.122 shares of CONSOLIDATED EDISON common stock through the TRASOP. The filing notes that between December 31, 2025 and January 31, 2026, his TRASOP holdings increased by 7.166 shares based on a thrift plan statement.

Did Joseph Miller acquire CONSOLIDATED EDISON (ED) shares through the Stock Purchase Plan?

Yes. The filing states that Miller’s holdings include 15.046 shares acquired under CONSOLIDATED EDISON’s Stock Purchase Plan since his last report. These shares are in addition to those obtained through vested Performance Units and other long-term incentive plan awards.