Mark Noyes - Feb 15, 2023 Form 4 Insider Report for CONSOLIDATED EDISON INC (ED)

Role
President & CEO, CECEB
Signature
William J. Kelleher; Attorney-in-Fact
Stock symbol
ED
Transactions as of
Feb 15, 2023
Transactions value $
$0
Form type
4
Date filed
2/17/2023, 06:20 PM
Previous filing
Mar 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ED Common Stock Options Exercise +11.1K +65.92% 27.9K Feb 15, 2023 Direct F1, F2
holding ED Common Stock 19.5 Feb 15, 2023 By Tax Reduction Act Stock Ownership Plan (TRASOP) F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ED Performance Units Options Exercise -11.1K -100% 0 Feb 15, 2023 Common Stock 11.1K Direct F1
transaction ED Performance Units Award +7.7K 7.7K Feb 15, 2023 Common Stock 7.7K Direct F4
transaction ED Time-Based Restricted Stock Units Award +3.3K 3.3K Feb 15, 2023 Common Stock 3.3K Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Performance Units granted in 2020 under the Long Term Incentive Plan of the Company (the ("LTIP") that vested for which the reporting person elected to defer shares until a later date. The number of shares has been adjusted from the original reporting based upon the achievement of the performance criteria. Each Performance Unit is the economic equivalent of one share of Company common stock.
F2 Total includes 75.740, 146.053, 130.859, and 133.943 Deferred Stock Units ("DSUs") acquired on March 15, 2022, June 15, 2022 and September 15, 2022, and December 15, 2022 respectively pursuant to the LTIP dividend reinvestment provision. Each DSU represents one share of the Company's common stock.
F3 Between 2/17/22 and 01/31/23 the reporting person acquired 0.632 shares of Company common stock under the TRASOP. The information in this report is based on a TRASOP plan statement dated as of 01/31/23.
F4 Represents a grant of Performance Units granted under the LTIP scheduled to vest in 2026 upon the determination of the performance criteria by the Management, Development and Compensation Committee of the Board of Directors of the Company. Each Performance Unit is the economic equivalent of one share of Company common stock. The number of shares (or cash equivalents) ultimately received will be adjusted and determined based upon the achievement of the performance criteria.
F5 Represents a grant of time-based restricted stock units granted under the LTIP scheduled to vest in full on December 31, 2025. Each time-based restricted stock unit is a contingent right to receive one share of Company common stock.