Consolidated Edison (NYSE: ED) director adds 490.838 DSUs, totals 97,822.154

Rhea-AI Filing Summary

Consolidated Edison Inc. disclosed that one of its directors acquired additional equity-based compensation in the form of Deferred Stock Units ("DSUs"). On 12/31/2025, the director received 490.838 DSUs of common stock, labeled as an acquisition, at a reference price of $99.32 per share. These DSUs were taken in lieu of cash for the quarterly board retainer fee under the company’s Long Term Incentive Plan.

Each DSU represents one share of Consolidated Edison common stock, to be delivered at a future time rather than paid immediately in cash. Following this transaction, the director beneficially owned 97,822.154 DSUs, which also include 850.471 DSUs acquired on December 15, 2025 through the plan’s dividend reinvestment provision. The filing classifies the holdings as directly owned, reflecting ongoing alignment between director compensation and shareholder interests through equity-based awards.

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
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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^*

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)
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		A		490.838(1)	A	$99.32	97,822.154(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 850.471 DSUs acquired on December 15, 2025, pursuant to the Plan's dividend reinvestment provision.

	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 equity transaction was reported for Consolidated Edison (ED)?

The filing reports that a Consolidated Edison director acquired 490.838 Deferred Stock Units (DSUs) of common stock on 12/31/2025 as part of board compensation.

At what price were the Consolidated Edison DSUs credited in this Form 4?

The 490.838 DSUs were recorded at a reference price of $99.32 per share of Consolidated Edison common stock.

How many Consolidated Edison DSUs does the director own after the transaction?

After the reported transaction, the director beneficially owned 97,822.154 DSUs of Consolidated Edison common stock.

What are Deferred Stock Units (DSUs) in the context of Consolidated Edison (ED)?

For Consolidated Edison, each Deferred Stock Unit (DSU) represents one share of the company’s common stock, delivered at a future date instead of paying cash currently.

Why did the Consolidated Edison director receive DSUs instead of cash?

The filing explains that the 490.838 DSUs were acquired in lieu of cash for the quarterly board retainer fee, at the director’s election under the Long Term Incentive Plan.

What role did dividend reinvestment play in the Consolidated Edison DSU balance?

The director’s total includes 850.471 DSUs acquired on December 15, 2025 under the plan’s dividend reinvestment provision.

Is the Consolidated Edison director’s ownership classified as direct or indirect?

The Form 4 shows the 97,822.154 DSUs as directly owned by the reporting person.