Edison International (EIX) director converts deferred stock units into common shares
Rhea-AI Filing Summary
Edison International director equity transaction. A reporting person who serves as a director of Edison International (EIX) converted 949.9842 deferred stock units into the same number of shares of common stock on 01/01/2026, using transaction code M. Each deferred stock unit is equal in value to one share of Edison International common stock.
The issuer automatically cashed out a fractional share of 0.9842 at a stock price of $60.02, based on the closing price on the business day before the payout. After these transactions, the director directly owned 3,856 shares of common stock and 14,087.2918 deferred stock units, which are scheduled to be settled upon retirement, resignation, death, disability, or another date elected by the reporting person.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did Edison International (EIX) report on this Form 4?
The filing reports that a director converted 949.9842 deferred stock units into the same number of Edison International common shares on 01/01/2026 using transaction code M.
How many Edison International (EIX) shares and units does the director hold after the transaction?
Following the reported transaction, the director directly owned 3,856 shares of common stock and 14,087.2918 deferred stock units.
What does the 1-for-1 deferred stock unit conversion mean for EIX?
Each deferred stock unit is equal in value to one share of Edison International common stock, so 949.9842 units became 949.9842 shares upon conversion.
How was the fractional Edison International share handled in this Form 4?
The issuer automatically cashed out a fractional share of 0.9842 at a stock price of $60.02, which was the closing price on the business day before the payout.
When will the remaining Edison International deferred stock units be settled?
The remaining deferred stock units are to be settled upon the reporting person’s retirement, resignation, death, or disability, unless another date or dates are elected by the reporting person.
Do the reported deferred stock units for EIX include dividend reinvestment?
Yes. The reported balance includes additional deferred stock units acquired through dividend reinvestment, which are exempt from reporting under Section 16(a).