Director adds stock units in Consolidated Edison (NYSE: ED) equity grant

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

CONSOLIDATED EDISON INC director William J. Mulrow received an annual equity award of 1,596 Deferred Stock Units (DSUs) of Common Stock on May 19, 2026 under the company’s Long Term Incentive Plan. The grant is priced at $106.51 per unit and represents stock-based compensation, not an open‑market purchase.

After this award, Mulrow directly holds a total of 12,597.506 DSUs, including 44.363 DSUs acquired on March 16, 2026 through the Plan’s dividend reinvestment provision. Each DSU represents one share of Consolidated Edison’s Common Stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider MULROW WILLIAM J

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,596	$106.51	$170K

Holdings After Transaction: Common Stock — 12,597.506 shares (Direct, null)

Footnotes (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. Includes 44.363 DSUs acquired on March 16, 2026 pursuant to the dividend reinvestment provision of the Plan.

Key Figures

Equity award size: 1,596 Deferred Stock Units Award value per unit: $106.51 per DSU Total DSUs after award: 12,597.506 units +1 more

4 metrics

Equity award size 1,596 Deferred Stock Units Annual equity award on May 19, 2026

Award value per unit $106.51 per DSU Reported transaction price for May 19, 2026 grant

Total DSUs after award 12,597.506 units Holdings following May 19, 2026 transaction

Dividend reinvestment units 44.363 DSUs Acquired March 16, 2026 via dividend reinvestment

Key Terms

Deferred Stock Units, Long Term Incentive Plan, dividend reinvestment provision

3 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 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.

dividend reinvestment provision financial

"Includes 44.363 DSUs acquired on March 16, 2026 pursuant to the dividend reinvestment provision of the Plan."

A dividend reinvestment provision is a company policy that lets shareholders automatically use their cash dividends to buy more shares instead of receiving money. Think of it like a subscription that turns each payday into buying an extra slice of the same pie; it helps investors compound their holdings over time, often with lower transaction costs and sometimes at a small discount, which can boost long‑term returns and subtly change ownership percentages.

Form 4 Insider Transactions: What Each Field Means →

05/20/2026 - 04:09 PM

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^*

MULROW WILLIAM J

(Last)

(First)

(Middle)

CONSOLIDATED EDISON, INC. C/O SECRETARY

4 IRVING PLACE; ROOM 16-205

(Street)

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)

X	Director	10% 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)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/19/2026		A		1,596⁽¹⁾	A	$106.51	12,597.506⁽²⁾	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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. Includes 44.363 DSUs acquired on March 16, 2026 pursuant to the dividend reinvestment provision of the Plan.

	William J. Kelleher; Attorney-in-Fact	05/20/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Consolidated Edison (ED) report for William J. Mulrow?

Consolidated Edison reported that director William J. Mulrow received an annual equity award of 1,596 Deferred Stock Units. The award, dated May 19, 2026, is stock-based compensation under the company’s Long Term Incentive Plan and not an open-market share purchase.

How many Consolidated Edison (ED) stock units does William J. Mulrow hold after this Form 4?

After the May 19, 2026 equity award, William J. Mulrow holds 12,597.506 Deferred Stock Units. This total includes the new 1,596-unit grant and 44.363 DSUs previously acquired on March 16, 2026 via the Plan’s dividend reinvestment provision.

What is the nature of the 1,596-unit award reported for Consolidated Edison (ED) director Mulrow?

The 1,596 units are Deferred Stock Units granted as an annual equity award under Consolidated Edison’s Long Term Incentive Plan. Each DSU represents one share of Common Stock, providing stock-based compensation rather than a cash bonus or open-market share purchase.

At what price were William J. Mulrow’s Consolidated Edison (ED) Deferred Stock Units valued?

The 1,596 Deferred Stock Units granted to William J. Mulrow on May 19, 2026 were valued at $106.51 per unit. This price is used for reporting purposes in the Form 4 and reflects the value assigned to the stock-based compensation award.

How did dividend reinvestment affect William J. Mulrow’s Consolidated Edison (ED) holdings?

Dividend reinvestment under the Long Term Incentive Plan added 44.363 Deferred Stock Units to William J. Mulrow’s holdings on March 16, 2026. These DSUs were acquired through the Plan’s dividend reinvestment provision and are included in his total 12,597.506 units.