Edison International (EIX) executive receives stock award with tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Edison International executive J. Andrew Murphy, President & CEO of Edison Energy, received a grant of 4,393.1259 shares of common stock as part of a three-year performance share award that paid out automatically on schedule. To satisfy tax withholding and related obligations, 1,635.0000 shares were disposed of at $75.2000 per share, and a small 0.1259-share fraction was returned to the issuer at the same price. After these transactions, Murphy directly owns 20,987.8210 shares of Edison International common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Murphy J Andrew
Role
PRESIDENT & CEO, EDISON ENERGY
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,393.126 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,635 | $75.20 | $123K |
| Disposition | Common Stock | 0.126 | $75.20 | $9.47 |
Holdings After Transaction:
Common Stock — 22,622.947 shares (Direct)
Footnotes (1)
- Relationship of Reporting Person to Issuer: Edison Energy, LLC dba Trio is a subsidiary of Edison International. 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 executive J. Andrew Murphy report?
J. Andrew Murphy reported an automatic, scheduled payout of performance shares, receiving 4,393.1259 Edison International (EIX) common shares. He then disposed of 1,635.0000 shares for tax withholding and a 0.1259-share fraction back to the issuer, leaving 20,987.8210 shares owned.
Was the EIX insider stock transaction an open-market buy or sell?
The EIX insider activity was not an open-market trade. Murphy received shares through an automatic performance share award payout, then had 1,635.0000 shares withheld for taxes and 0.1259 of a share disposed to the issuer at $75.2000 per share.