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

Role
President & CEO CET
Signature
William J. Kelleher; Attorney-in-Fact
Stock symbol
ED
Transactions as of
Feb 15, 2023
Transactions value $
-$313,111
Form type
4
Date filed
2/17/2023, 07:15 PM
Previous filing
Feb 6, 2023
Next filing
Mar 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ED Common Stock Options Exercise +5.29K +386.05% 6.66K Feb 15, 2023 Direct F1
transaction ED Common Stock Disposed to Issuer -$313K -3.44K -51.62% $91.10 3.22K Feb 15, 2023 Direct F1

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 -5.29K -100% 0 Feb 15, 2023 Common Stock 5.29K Direct F1
transaction ED Performance Units Award +3.1K 3.1K Feb 15, 2023 Common Stock 3.1K Direct F2
transaction ED Time-Based Restricted Stock Units Award +1.3K 1.3K Feb 15, 2023 Common Stock 1.3K Direct F3
* 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 receive a portion of the value in cash and defer a portion in 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 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.
F3 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.