Timothy Cawley - 18 Feb 2026 Form 4 Insider Report for CONSOLIDATED EDISON INC (ED)

Role: Chairman, President & CEO, Director
Signature: William J. Kelleher; Attorney-in-Fact
Issuer symbol: ED
Transactions as of: 18 Feb 2026
Net transactions value: -$3,847,420
Form type: 4
Filing time: 20 Feb 2026, 16:06:42 UTC
Previous filing: 05 Jan 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Cawley Timothy	Chairman, President & CEO, Director	CONSOLIDATED EDISON, INC. C/O SECRETARY, 4 IRVING PLACE, ROOM 16-205, NEW YORK	William J. Kelleher; Attorney-in-Fact	20 Feb 2026	0001592315

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ED	Common Stock	Options Exercise		+33,773	+27%		160,482	18 Feb 2026	Direct	F1, F2
transaction	ED	Common Stock	Disposed to Issuer	$3,847,420	-33,773	-21%	$113.92	126,709	18 Feb 2026	Direct	F1
holding	ED	Common Stock						4	18 Feb 2026	by THRIFT Plan	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		-33,773	-100%		0	18 Feb 2026	Common Stock	33,773		Direct	F1
transaction	ED	Performance Units	Award		+69,000			69,000	18 Feb 2026	Common Stock	69,000		Direct	F4
transaction	ED	Time - Based Restricted Stock Units	Award		+29,600			29,600	18 Feb 2026	Common Stock	29,600		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 2023 under the Company's Long Term Incentive Plan (the "LTIP") that vested for which the reporting person elected to receive the value in cash. 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	Includes 104.017 shares acquired under the Company's Stock Purchase Plan since the reporting person's last filing.
F3	Between 12/31/25 and 1/31/2026, the reporting person's shares of Company common stock under the Thrift Plan decreased by 0.001. The information in this report is based on a Thrift Plan statement dated as of 1/31/26.
F4	Represents a grant of Performance Units granted under the LTIP scheduled to vest in 2029 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 under the LTIP scheduled to vest in full on December 31, 2028. Each time-based restricted stock unit is a contingent right to receive one share of Company common stock.