Consolidated Edison (ED) executive reports RSU conversion and 21,648-share holding

Rhea-AI Filing Summary

Consolidated Edison Inc. officer reports stock unit conversion and holdings update. On 12/31/2025, the President, Shared Services, CECONY converted 3,600 time-based restricted stock units into an equal number of Consolidated Edison common shares. On the same date, 85 shares of common stock were disposed of at a price of $99.89, reported with a transaction code indicating shares withheld or disposed of. After these transactions, the reporting person directly held 21,648.218 shares of common stock and indirectly held 505.25 shares through the company Thrift Plan.

The derivative position of 3,600 time-based restricted stock units was reduced to zero as they were fully converted into common stock. The total number of reported shares reflects a reduction of 778.54 shares to correct previously accrued deferred stock units linked to dividends that were actually taken in cash, and it also includes shares acquired through the Stock Purchase Plan and additional deferred stock units received via the Long Term Incentive Plan’s dividend reinvestment provision.

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

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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^*

Sanchez Robert

(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)
	Pres., Shared Services, 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		3,600	A	(1)	21,733.218(2)(3)	D
Common Stock	12/31/2025		F		85	D	$99.89	21,648.218	D
Common Stock								505.25(4)	I	By THRIFT PLAN

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			3,600	12/31/2025	12/31/2025	Common Stock	3,600	$0	0	D

Explanation of Responses:

1. Time-based restricted stock units convert into common stock on a one-for-one basis.

2. The total number of shares reported has been reduced by 778.54 shares as a result of inadvertently accruing deferred stock units ("DSUs") for the period from March 2021 to December 2024 for dividends paid on vested stock units when the reporting person elected to receive such dividends in cash.

3. Includes 370.130 shares acquired under the Company's Stock Purchase Plan for the periods from February 2025 to November 2025, as well as 39.86 DSUs acquired on March 15, 2025, 40.42 DSUs acquired on June 15, 2025, 43.43 DSUs on September 15, 2025 and 43.826 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.

4. Between 01/31/25 and 12/31/25 the reporting person's shares of Company common stock under the Thrift decreased by 0.182. The information in this report is based on a Thrift Plan statement dated as of 12/31/25.

	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.
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FAQ

What insider transaction did Consolidated Edison Inc. (ED) report for 12/31/2025?

The filing reports that the President, Shared Services, CECONY converted 3,600 time-based restricted stock units into 3,600 shares of Consolidated Edison common stock on 12/31/2025, and also reported a separate transaction disposing of 85 shares of common stock at $99.89 per share.

How many Consolidated Edison (ED) shares does the reporting officer own after the transactions?

Following the reported 12/31/2025 transactions, the officer beneficially owns 21,648.218 shares of Consolidated Edison common stock directly and 505.25 shares indirectly through the company Thrift Plan.

What happened to the restricted stock units in this Consolidated Edison (ED) Form 4?

The filing shows that 3,600 time-based restricted stock units converted into Consolidated Edison common stock on a one-for-one basis, reducing the number of these derivative securities from 3,600 to zero after the 12/31/2025 transaction.

Why was the total share count adjusted in the Consolidated Edison (ED) insider report?

The total number of shares reported was reduced by 778.54 shares to correct for deferred stock units that had been inadvertently accrued for dividends paid between March 2021 and December 2024 when the reporting person had elected to receive those dividends in cash.

Does the Consolidated Edison (ED) filing include shares from employee plans?

Yes. The reported holdings include 370.130 shares acquired under the Company’s Stock Purchase Plan between February 2025 and November 2025, as well as multiple deferred stock units (DSUs) credited under the Long Term Incentive Plan dividend reinvestment provision.

What role does the reporting person hold at Consolidated Edison Inc. (ED)?

The reporting person is an officer of Consolidated Edison Inc., serving as President, Shared Services, CECONY, as indicated in the relationship section of the filing.