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ED Form 4: Brendan Cavanagh receives 1,010 Deferred Stock Units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Brendan Thomas Cavanagh, a director of Consolidated Edison, Inc. (ED), reported an acquisition on 10/01/2025 of 1,010 Deferred Stock Units (DSUs) at a reported price of $98.17 per share. The filing states each DSU represents one share of common stock and reflects a pro‑rata portion of his annual equity award under the company’s Long Term Incentive Plan granted when he joined the board. After the transaction Mr. Cavanagh directly beneficially owns 1,010 shares and holds additional indirect ownership of 65 and 20 shares through LLCs and trusts described in the form.

Positive

  • Director purchase of 1,010 DSUs on 10/01/2025 at $98.17
  • DSUs equal to common shares, representing vested equity under the company's Long Term Incentive Plan
  • Additional indirect holdings of 65 and 20 shares held via LLCs/trusts

Negative

  • None.
Insider Cavanagh Brendan Thomas
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 1,010 $98.17 $99K
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 1,010 shares (Direct); Common Stock — 65 shares (Indirect, By LLC f/b/o Spouse)
Footnotes (1)
  1. Represents the pro-rata portion of the annual equity award of Deferred Stock Units ("DSU") under the Consolidated Edison, Inc. (the "Company") Long Term Incentive Plan granted to Mr. Cavanagh upon joining the Board of Directors of the Company. Each DSU represents one share of the Company's Common Stock. Shares are owned by an LLC (of which the reporting person is the manager) that is owned by a trust for the benefit of his spouse. Shares are owned by an LLC, which is majority owned by a trust for the benefit of the reporting person, for which the reporting person is trustee.
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).
1. Name and Address of Reporting Person*
Cavanagh Brendan Thomas
(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)
10/01/2025
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 10/01/2025 A 1,010(1) A $98.17 1,010 D
Common Stock 65 I(2) By LLC f/b/o Spouse
Common Stock 20 I(3) In LLC owned by Trust
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 the pro-rata portion of the annual equity award of Deferred Stock Units ("DSU") under the Consolidated Edison, Inc. (the "Company") Long Term Incentive Plan granted to Mr. Cavanagh upon joining the Board of Directors of the Company. Each DSU represents one share of the Company's Common Stock.
2. Shares are owned by an LLC (of which the reporting person is the manager) that is owned by a trust for the benefit of his spouse.
3. Shares are owned by an LLC, which is majority owned by a trust for the benefit of the reporting person, for which the reporting person is trustee.
William J. Kelleher; Attorney-in-Fact 10/02/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What transaction did the Consolidated Edison (ED) Form 4 report show?

The Form 4 shows a purchase of 1,010 Deferred Stock Units (DSUs) by director Brendan T. Cavanagh on 10/01/2025 at a price of $98.17 per share.

What do the DSUs represent in the ED Form 4?

The filing states each DSU represents one share of Consolidated Edison common stock and were granted as a pro‑rata portion of an annual equity award under the company's Long Term Incentive Plan.

How many shares does Brendan Cavanagh beneficially own after the reported transaction?

Following the reported transaction he directly beneficially owns 1,010 shares and additionally holds 65 and 20 shares indirectly through LLCs/trusts described in the form.

When was the Form 4 signed and filed for this transaction?

The Form 4 shows a signature by an attorney‑in‑fact on 10/02/2025, reporting the 10/01/2025 transaction.

Was the reported acquisition part of routine compensation or separate trading?

The filing explains the 1,010 DSUs represent a pro‑rata portion of the annual equity award granted to Mr. Cavanagh upon joining the board, indicating these units were issued under the company's Long Term Incentive Plan.