Edison International (EIX) director converts units and adjusts holdings
Rhea-AI Filing Summary
Edison International director reported routine equity compensation and a small share sale. On 01/01/2026, 1,158.4152 deferred stock units were converted into the same number of common shares, reflecting an award that is valued one-for-one with Edison International common stock. At the same time, 2.4152 fractional shares were automatically cashed out by the company at $60.02 per share.
After these transactions, the director beneficially owns 9,434 common shares directly and 1,131 shares indirectly through a SEP-IRA, along with 23,834.9127 deferred stock units that are scheduled to be settled upon retirement, resignation, death, disability, or another date elected by the director.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did Edison International (EIX) report in this filing?
The filing shows a director converted 1,158.4152 deferred stock units into the same number of Edison International common shares on 01/01/2026, and a small fractional share amount was cashed out.
What price was used to cash out fractional Edison International (EIX) shares?
The issuer automatically cashed out 2.4152 fractional shares at a stock price of $60.02 per share, using the closing price on the business day before the payout.
How many Edison International (EIX) shares does the director own after the reported transactions?
After the transactions, the director beneficially owns 9,434 Edison International common shares directly and 1,131 shares indirectly through a SEP-IRA.
What are the deferred stock units reported for the Edison International (EIX) director?
The director holds 23,834.9127 deferred stock units, each equal in value to one share of Edison International common stock.
When will the Edison International (EIX) deferred stock units be settled?
The deferred stock units are to be settled upon the director's retirement, resignation, death or disability, unless the director elects another settlement date or dates.
Is this Edison International (EIX) insider transaction related to a Rule 10b5-1 trading plan?
The form includes a checkbox for transactions made under a Rule 10b5-1(c) trading plan, but the provided content does not show that this box was selected.