Consolidated Edison director adds 440.658 DSUs

CONSOLIDATED EDISON INC director Michael W. Ranger reported a compensation-related award of company equity.

Rhea-AI Filing Summary

CONSOLIDATED EDISON INC director Michael W. Ranger reported a compensation-related award of company equity. He acquired 440.658 Deferred Stock Units (DSUs) of Common Stock on June 30, 2026, valued at $110.63 per unit, in lieu of cash for his quarterly board retainer fee under the company’s Long Term Incentive Plan.

Each DSU represents one share of Consolidated Edison’s common stock. After this grant, his directly held equity position, including DSUs, increased to 101,878.521 shares. A footnote also notes an additional 824.734 DSUs were acquired on June 15, 2026 through the plan’s dividend reinvestment feature, reinforcing that these are ongoing, programmatic equity awards rather than open-market purchases.

Insider Trade Summary

Grant/Award: 440.658 shares

Grant/Award 1 txn

Insider RANGER MICHAEL W

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	440.658	$110.63	$49K

Holdings After Transaction: Common Stock — 101,878.521 shares (Direct)

Footnotes (2)

1. F1. 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. F2. Includes 824.734 DSUs acquired on June 15, 2026, pursuant to the Plan's dividend reinvestment provision.

Key Figures

DSUs granted: 440.658 units Grant price per DSU: $110.63 per unit Shares held after transaction: 101,878.521 shares +1 more

4 metrics

DSUs granted 440.658 units Deferred Stock Units granted June 30, 2026 in lieu of cash retainer

Grant price per DSU $110.63 per unit Valuation used for June 30, 2026 DSU award

Shares held after transaction 101,878.521 shares Direct holdings after June 30, 2026 Form 4 transaction

Dividend reinvestment DSUs 824.734 units DSUs acquired June 15, 2026 via dividend reinvestment

Key Terms

Deferred Stock Units, DSUs, Long Term Incentive Plan, dividend reinvestment provision

4 terms

Deferred Stock Units financial

"Represents Deferred Stock Units ("DSUs") acquired in lieu of cash for the quarterly board retainer fee"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

DSUs financial

"Each DSU represents one share of the Company's Common Stock."

DSUs, or Deferred Share Units, are a form of long-term pay where employees or directors receive a promise of company shares or cash at a later date instead of immediate salary. Think of them as an IOU for future stock that vests over time and converts into actual shares or cash, so they matter to investors because they can increase the number of outstanding shares (dilution) and reveal how management’s pay is tied to company performance.

Long Term Incentive Plan financial

"pursuant to the terms of the Consolidated Edison, Inc. (the "Company") Long Term Incentive Plan (the "Plan")."

A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.

dividend reinvestment provision financial

"Includes 824.734 DSUs acquired on June 15, 2026, pursuant to the Plan's dividend reinvestment provision."

A dividend reinvestment provision is a company policy that lets shareholders automatically use their cash dividends to buy more shares instead of receiving money. Think of it like a subscription that turns each payday into buying an extra slice of the same pie; it helps investors compound their holdings over time, often with lower transaction costs and sometimes at a small discount, which can boost long‑term returns and subtly change ownership percentages.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/01/2026 - 04:15 PM EDT Learn about SEC filing dates

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^*

RANGER MICHAEL W

(Last) (First) (Middle)

CONSOLIDATED EDISON, INC. C/O SECRETARY

4 IRVING PLACE; ROOM 16-205

(Street)

NEW YORK NEW YORK 10003

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/30/2026		A		440.658(1)	A	$110.63	101,878.521(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 824.734 DSUs acquired on June 15, 2026, pursuant to the Plan's dividend reinvestment provision.

	William J. Kelleher; Attorney-in-Fact	07/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)