Edison International (NYSE: EIX) CFO logs automatic performance share payout
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Edison International executive Maria C. Rigatti, Executive VP and CFO, reported a scheduled performance share payout in the form of common stock. She acquired 10,546.1679 shares at no cost as part of a three-year performance award that paid out automatically under its terms.
To satisfy tax obligations related to this award, 4,481 shares were disposed of at $75.20 per share as a tax-withholding transaction, and a small additional 0.1679-share amount was disposed of to the issuer at the same price. After these transactions, she directly holds 89,666 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Rigatti Maria C.
Role
EXEC. VP AND CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,546.168 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,481 | $75.20 | $337K |
| Disposition | Common Stock | 0.168 | $75.20 | $12.63 |
Holdings After Transaction:
Common Stock — 94,147.168 shares (Direct)
Footnotes (1)
- These transactions report the payment of performance shares with a three-year performance measurement period that were not derivative securities reportable under Section 16. Pursuant to the terms of this award, these transactions were an automatic, scheduled payment. Only a portion of the award was actually paid in shares of Edison International Common Stock, while a portion of the award was paid in cash only. These transactions are the portions of the award that were paid in cash only.
FAQ
What insider transactions did EIX CFO Maria Rigatti report on this Form 4?
Maria C. Rigatti reported an automatic payout of performance shares, acquiring 10,546.1679 Edison International common shares at no cost, then disposing of 4,481 shares for tax withholding and 0.1679 shares to the issuer, all tied to the same award.
Were Maria Rigatti’s EIX stock disposals open-market sales?
No, the disposals were not open-market sales. They reflect 4,481 shares withheld at $75.20 for tax obligations and 0.1679 shares returned to Edison International, both automatically triggered by a performance share award payout, not discretionary trading.
What does transaction code A mean in Maria Rigatti’s EIX Form 4?
Transaction code A represents a grant, award, or other acquisition. For Maria C. Rigatti, it records the automatic acquisition of 10,546.1679 Edison International common shares as part of the three-year performance share award payout, delivered at no purchase price per share.
Why is there a transaction code F on this EIX Form 4 filing?
Transaction code F reflects payment of tax liability by delivering securities. In this filing, 4,481 Edison International shares at $75.20 were withheld to cover taxes owed on the performance share payout, rather than being sold in the open market.