Executive at Consolidated Edison (NYSE: ED) logs share sale and fresh equity awards

Rhea-AI Filing Summary

CONSOLIDATED EDISON INC executive Matthew Ketschke, President of CECONY, reported multiple equity transactions. On February 18, 2026, he exercised 8,217 Performance Units into common stock and then disposed of the same 8,217 shares to the issuer at $113.92 per share, leaving 42,424.919 common shares held directly.

He also received a grant of 18,800 Performance Units under the Long Term Incentive Plan, scheduled to vest in 2029 based on performance criteria, and 8,000 time-based restricted stock units scheduled to vest on December 31, 2028. The filing notes an additional 1,100.646 common shares held indirectly by his spouse.

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^*

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)
02/18/2026

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	02/18/2026		M		8,217	A	(1)	50,641.919	D
Common Stock	02/18/2026		D		8,217	D	$113.92(1)	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
Performance Units	(1)	02/18/2026		M			8,217	(1)	(1)	Common Stock	8,217	(1)	0	D
Performance Units	(2)	02/18/2026		A		18,800		(2)	(2)	Common Stock	18,800	(2)	18,800	D
Time - Based Restricted Stock Units	(3)	02/18/2026		A		8,000		12/31/2028	12/31/2028	Common Stock	8,000	(3)	8,000	D

Explanation of Responses:

1. Represents Performance Units granted in 2023 under the Company's Long Term Incentive Plan (the "LTIP") that vested for which the reporting person elected to receive the value in cash. The number of shares has been adjusted from the original reporting based upon the achievement of the performance criteria. Each Performance Unit is the economic equivalent of one share of Company common stock.

2. Represents a grant of Performance Units granted under the LTIP scheduled to vest in 2029 upon the determination of the performance criteria by the Management Development and Compensation Committee of the Board of Directors of the Company. Each Performance Unit is the economic equivalent of one share of Company common stock. The number of shares (or cash equivalents) ultimately received will be adjusted and determined based upon the achievement of the performance criteria.

3. Represents a grant of time-based restricted stock units under the LTIP scheduled to vest in full on December 31, 2028. Each time-based restricted stock unit is a contingent right to receive one share of Company common stock.

	William J. Kelleher; Attorney-in-Fact	02/20/2026
	** 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).
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FAQ

What insider transactions did ED executive Matthew Ketschke report?

Matthew Ketschke reported exercising 8,217 Performance Units into common stock and disposing of the same 8,217 shares to the issuer at $113.92 per share. He also received new grants of Performance Units and time-based restricted stock units under the company’s Long Term Incentive Plan.

How many new equity awards did ED’s Ketschke receive in this Form 4?

He received 18,800 Performance Units and 8,000 time-based restricted stock units. The Performance Units are scheduled to vest in 2029 based on performance criteria, while the restricted stock units are scheduled to vest in full on December 31, 2028, subject to plan terms.

What happened to the 8,217 ED common shares acquired by Ketschke?

The 8,217 ED common shares were acquired through the exercise of Performance Units and then disposed of to the issuer at $113.92 per share. After this disposition, his directly held common stock position reported in the filing totaled 42,424.919 shares.

What are the vesting conditions for ED’s Performance Units granted to Ketschke?

The 18,800 Performance Units are scheduled to vest in 2029 upon determination of performance criteria by the Management Development and Compensation Committee. Each Performance Unit is the economic equivalent of one share of ED common stock, with final amounts adjusted based on performance achievement.

When do Ketschke’s time-based restricted stock units in ED vest?

The 8,000 time-based restricted stock units are scheduled to vest in full on December 31, 2028. Each restricted stock unit represents a contingent right to receive one share of ED common stock, assuming vesting conditions under the Long Term Incentive Plan are satisfied as described.

Does the ED Form 4 show any indirect holdings for Ketschke?

Yes. The filing reports 1,100.646 ED common shares held indirectly, noted as held by his spouse. This line is presented as an ownership position rather than a new buy or sell transaction, with no specific transaction code attached in the data provided.