Consolidated Edison VP adds fractional shares in routine Form 4 filing

Rhea-AI Filing Summary

Consolidated Edison, Inc. (ED) – Form 4 insider transaction

Vice President & Controller Joseph Miller reported a purchase on 06/16/2025 of 0.982 Consolidated Edison common shares at an average price of $103.96. After the transaction his direct ownership stands at 3,629.002 shares; he also holds 117.011 shares indirectly through the company’s Tax Reduction Act Stock Ownership Plan (TRASOP).

Footnotes detail: (1) the direct total includes 15.317 shares acquired via the Employee Stock Purchase Plan on 3/31/2025 (11.219 shares), 4/30/2025 (1.971 shares) and 5/30/2025 (2.127 shares); (2) the TRASOP balance rose by 0.909 shares between 2/28/2025 and 5/30/2025. No derivative securities or 10b5-1 plan transactions were disclosed.

The fractional nature of the purchase indicates routine reinvestment activity rather than a strategic accumulation. Overall insider ownership changed by less than 0.03 % and is therefore unlikely to influence investor sentiment or valuation.

Insights

Securities Analyst

TL;DR – Immaterial fractional insider purchase; neutral signal for ED share price.

The reported acquisition of 0.982 shares at $103.96 is routine ESPP-related activity and lifts Joseph Miller’s direct stake to about 3.6 k shares. Monetary value (~$102) is negligible against Consolidated Edison’s $35 bn market cap and does not alter overall insider positioning. Absence of derivative transactions or significant volume suggests no read-through on management’s confidence or near-term fundamentals. I classify the filing as informational only.

Corporate Governance Expert

TL;DR – Routine ownership update; no governance or control implications.

The filing fulfils Section 16 obligations, reflecting ongoing participation in company benefit plans. The check-box for 10b5-1 was not marked, indicating the trade was made outside a pre-arranged plan yet remains de-minimis. No red flags such as large disposals, derivative use, or resignation notices appear. Governance impact is neutral.

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^*

Miller Joseph

(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)
	VP & Controller

3. Date of Earliest Transaction (Month/Day/Year)
06/16/2025

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	06/16/2025		P		0.982	A	$103.96	3,629.002(1)	D
Common Stock								117.011(2)	I	By Tax Reduction Act Stock Ownership Plan (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

Explanation of Responses:

1. Includes 11.219, 1.971 and 2.127 shares acquired under the Consolidated Edison, Inc. Employee Stock Purchase Plan on 3/31/2025, 4/30/2025, and 5/30/2025 respectively.

2. Between 2/28/25 and 5/30/25 the reporting person's shares of Company common stock under the TRASOP increased by 0.909 shares. The information in this report is based on a TRASOP plan statement dated as of 5/30/2025.

	William J. Kelleher; Attorney-in-Fact	06/18/2025
	** 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.

FAQ

How many Consolidated Edison (ED) shares did insider Joseph Miller buy on 06/16/2025?

He purchased 0.982 common shares, according to the Form 4.

What price did Joseph Miller pay for the ED shares?

The shares were bought at an average price of $103.96.

What is Joseph Miller’s total direct shareholding in ED after the transaction?

His direct ownership increased to 3,629.002 shares.

How many ED shares does Miller hold indirectly through the TRASOP plan?

He holds 117.011 shares indirectly via TRASOP.

Did the Form 4 report any derivative securities or option exercises?

No, the filing shows no derivative securities acquired or disposed.