Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | ED | Performance Units (Phantom Stock) | Award | +13.6K | 13.6K | Feb 17, 2022 | Common Stock | 13.6K | Direct | F1, F2, F3, F4, F5 |
Id | Content |
---|---|
F1 | Each Performance Unit is the economic equivalent of one share of Consolidated Edison, Inc. (the "Company") common stock. |
F2 | Due to an administrative error, the number of Performance Units previously granted by the Management Development and Compensation Committee of the Company's Board of Directors (the Committee) was overstated on the original Form 4 by 1,400 Performance Units. The correct number of Performance Units is reflected. |
F3 | Performance Units granted under the Company's Long Term Incentive Plan ("LTIP") will vest in 2025 when they are determined and awarded by the Committee. |
F4 | The number of shares (or cash equivalents) will be adjusted based on certain performance criteria, including criteria other than the market price, as specified under the LTIP. |
F5 | Not applicable. |