Consolidated Edison director granted 1,596 shares
Cavanagh Brendan Thomas reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Cavanagh Brendan Thomas reported acquisition or exercise transactions in this Form 4 filing.
Consolidated Edison Inc. director Brendan Thomas Cavanagh received an equity grant of 1,596 shares of Common Stock on May 19, 2026. The award is in the form of Deferred Stock Units under the company’s Long Term Incentive Plan, with each DSU representing one share of Common Stock at a reference price of $106.51 per share.
Following this grant, he directly holds 2,606 shares. The filing also notes small indirect holdings of Common Stock through limited liability companies associated with trusts benefiting his spouse and himself.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,596 shares
Grant/Award
3 txns
Insider
Cavanagh Brendan Thomas
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,596 | $106.51 | $170K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,606 shares (Direct);
Common Stock — 65 shares (Indirect, By LLC f/b/o Spouse);
Common Stock — 20 shares (Indirect, In LLC owned by Trust)
Footnotes (3)
- F1. Represents the annual equity award of Deferred Stock Units ("DSU") under the Consolidated Edison, Inc. (the "Company") Long Term Incentive Plan (the "Plan"). Each DSU represents one share of the Company's Common Stock.
- F2. 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.
- F3. 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.
Key Figures
Equity grant size: 1,596 shares
Grant reference price: $106.51 per share
Direct holdings after grant: 2,606 shares
+2 more
5 metrics
Equity grant size
1,596 shares
Annual equity award of Deferred Stock Units on May 19, 2026
Grant reference price
$106.51 per share
Price used for the DSU equity award valuation
Direct holdings after grant
2,606 shares
Common Stock directly owned following the DSU award
Indirect spouse-related holdings
20 shares
Owned by an LLC held by a trust for his spouse
Indirect trust-related holdings
65 shares
Owned by an LLC majority owned by a trust for his benefit
Key Terms
Deferred Stock Units, Long Term Incentive Plan, indirect ownership, Deferred Stock Units ("DSU")
4 terms
Deferred Stock Units financial
"Represents the annual equity award of Deferred Stock Units ("DSU") under the Consolidated Edison, Inc. Long Term Incentive Plan."
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.
Long Term Incentive Plan financial
"Represents the annual equity award of Deferred Stock Units ("DSU") under the Consolidated Edison, Inc. Long Term Incentive 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.
indirect ownership financial
"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."
Deferred Stock Units ("DSU") financial
"Represents the annual equity award of Deferred Stock Units ("DSU") under the Consolidated Edison, Inc. Long Term Incentive Plan."
FAQ
What did Consolidated Edison (ED) director Brendan Cavanagh report on this Form 4?
He reported receiving an equity grant of 1,596 shares of Consolidated Edison Common Stock. The award consists of Deferred Stock Units under the company’s Long Term Incentive Plan, adding to his existing holdings rather than reflecting an open-market stock purchase or sale.
What type of award did Brendan Cavanagh receive from Consolidated Edison (ED)?
He received an annual equity award of Deferred Stock Units under Consolidated Edison’s Long Term Incentive Plan. Each DSU represents one share of the company’s Common Stock, providing stock-based compensation rather than a cash bonus or open-market purchase.
At what reference price were Brendan Cavanagh’s Consolidated Edison (ED) DSUs granted?
The 1,596 Deferred Stock Units were granted at a reference price of $106.51 per share. This price is used to value the stock-based compensation but does not represent an open-market transaction or public share purchase on that date.
Are Brendan Cavanagh’s indirect Consolidated Edison (ED) holdings included in this Form 4?
Yes. The filing notes 20 shares held by an LLC owned by a trust for his spouse and 65 shares held by an LLC majority owned by a trust for his benefit, in addition to his directly owned shares reported after the grant.
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