Timothy Cawley - Feb 14, 2024 Form 4 Insider Report for CONSOLIDATED EDISON INC (ED)

Role
Chairman, President & CEO, Director
Signature
William J. Kelleher; Attorney-in-Fact
Stock symbol
ED
Transactions as of
Feb 14, 2024
Transactions value $
-$5,714,586
Form type
4
Date filed
2/15/2024, 04:10 PM
Previous filing
Feb 7, 2024
Next filing
Mar 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ED Common Stock Options Exercise +132K +651.46% 152K Feb 14, 2024 Direct F1
transaction ED Common Stock Disposed to Issuer -$5.71M -65.9K -43.35% $86.67 86.2K Feb 14, 2024 Direct F1
holding ED Common Stock 4.3 Feb 14, 2024 by THRIFT Plan

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 -132K -100% 0 Feb 14, 2024 Common Stock 132K Direct F1
transaction ED Performance Units Award +63.4K 0 Feb 14, 2024 Common Stock 0 Direct F2
transaction ED Time - Based Restricted Stock Units Award +27.2K 0 Feb 14, 2024 Common Stock 0 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 2021 under the Company's Long-Term Incentive Plan (the "LTIP") that vested for which the reporting person elected to receive a portion of 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 Represents a grant of Performance Units granted under the LTIP scheduled to vest in 2027 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, 2026. Each time-based restricted stock unit is a contingent right to receive one share of Company common stock.