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Consolidated Edison (NYSE: ED) director receives 1,596-share equity grant

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

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 Cavanagh Brendan Thomas
Role null
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, null); Common Stock — 65 shares (Indirect, By LLC f/b/o Spouse)
Footnotes (1)
  1. 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. 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.
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
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."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Cavanagh Brendan Thomas
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock05/19/2026A1,596(1)A$106.512,606D(1)
Common Stock65I(2)By LLC f/b/o Spouse
Common Stock20I(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 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.
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-Fact05/20/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

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.

How many Consolidated Edison (ED) shares does Brendan Cavanagh hold after this transaction?

After the grant, he directly holds 2,606 shares of Common Stock. The filing also lists small indirect positions, including 20 shares in an LLC owned by a trust for his spouse and 65 shares in an LLC majority owned by a trust for his benefit.

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.