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Consolidated Edison (ED) officer converts 5,500 RSUs and reports updated share ownership

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

Rhea-AI Filing Summary

Consolidated Edison Inc. reported an equity transaction by an officer serving as President of CECONY. On 12/31/2025, the officer exercised 5,500 time-based restricted stock units, which converted into the same number of shares of common stock on a one-for-one basis. On the same date, 130 shares of common stock were disposed of at $99.89 per share, identified with transaction code "F", typically used for shares withheld to cover taxes.

After these transactions, the officer directly beneficially owned 42,424.919 shares of common stock and indirectly owned 1,100.646 shares through a spouse. The holdings include deferred stock units accumulated through the company’s Long Term Incentive Plan dividend reinvestment provision, with several DSU additions in 2025, each representing one share of common stock.

Positive

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Negative

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Insider Ketschke Matthew
Role President, CECONY
Type Security Shares Price Value
Exercise Time-Based Restricted Stock Units 5,500 $0.00 --
Exercise Common Stock 5,500 $0.00 --
Tax Withholding Common Stock 130 $99.89 $13K
holding Common Stock -- -- --
Holdings After Transaction: Time-Based Restricted Stock Units — 0 shares (Direct); Common Stock — 42,554.919 shares (Direct); Common Stock — 1,100.646 shares (Indirect, By spouse)
Footnotes (1)
  1. Time-based restricted stock units convert into common stock on a one-for-one basis. Includes 231.482 deferred stock units ("DSUs") acquired on March 15, 2025, 290.045 DSUs on June 15, 2025, 311.631 DSUs on September 15, 2025 and 314.411 DSUs on December 15, 2025, pursuant to the Company's Long Term Incentive Plan's dividend reinvestment provision. Each DSU represents one share of the Company's common stock.
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).
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*
Ketschke Matthew
(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)
President, CECONY
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 M 5,500 A (1) 42,554.919(2) D
Common Stock 12/31/2025 F 130 D $99.89 42,424.919 D
Common Stock 1,100.646 I By spouse
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
Time-Based Restricted Stock Units (1) 12/31/2025 M 5,500 12/31/2025 12/31/2025 Common Stock 5,500 $0 0 D
Explanation of Responses:
1. Time-based restricted stock units convert into common stock on a one-for-one basis.
2. Includes 231.482 deferred stock units ("DSUs") acquired on March 15, 2025, 290.045 DSUs on June 15, 2025, 311.631 DSUs on September 15, 2025 and 314.411 DSUs on December 15, 2025, pursuant to the Company's Long Term Incentive Plan's dividend reinvestment provision. Each DSU represents one share of the Company's common stock.
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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did ED report for its officer on December 31, 2025?

The officer serving as President, CECONY exercised 5,500 time-based restricted stock units into common stock and had 130 shares disposed of on 12/31/2025, with the 130-share transaction priced at $99.89 per share.

How many Consolidated Edison (ED) shares does the officer own after this Form 4 transaction?

Following the reported activity, the officer beneficially owned 42,424.919 shares of Consolidated Edison common stock directly and 1,100.646 shares indirectly through a spouse.

What happened to the officer’s time-based restricted stock units at Consolidated Edison (ED)?

The officer’s 5,500 time-based restricted stock units converted into 5,500 shares of common stock on a one-for-one basis on 12/31/2025, leaving 0 such units beneficially owned afterward.

What does the 130-share transaction at $99.89 for ED stock represent?

The 130-share transaction in Consolidated Edison common stock at $99.89 per share is coded "F", which indicates shares disposed of, typically in connection with tax withholding on an equity award.

How are deferred stock units (DSUs) described in this Consolidated Edison (ED) insider report?

The filing notes DSUs acquired on multiple dates in 2025 under the Long Term Incentive Plan’s dividend reinvestment feature. Each deferred stock unit is stated to represent one share of Consolidated Edison common stock.

Is any of the Consolidated Edison (ED) stock held indirectly by the reporting person?

Yes. In addition to direct holdings, the officer reports 1,100.646 shares of Consolidated Edison common stock held indirectly, identified as owned "By spouse."