Form 4 for ED Consolidated Edison
Accepted 2023-02-17 00:00:00 ET · period of report 2023-02-16 · accession 0001047862-23-000046 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-02-17 | 2023-02-16 | ED | Cawley Timothy | COB, Pres, CEO, Dir | M - OptEx | — | +22.4K | 41.7K | +116% | — |
| D | 2023-02-17 | 2023-02-16 | ED | Cawley Timothy | COB, Pres, CEO, Dir | D - Sale to Iss | $91.10 | -22.4K | 19.3K | -54% | -$2.04M |
| D | 2023-02-17 | 2023-02-16 | ED | Cawley Timothy | COB, Pres, CEO, Dir | M - OptEx | — | -22.4K | 0 | -100% | — |
| DM | 2023-02-17 | 2023-02-16 | ED | Cawley Timothy | COB, Pres, CEO, Dir | A - Grant | — | +74.6K | 52.2K | New | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-02-16 | M | A | 22,410 | — | 41,670.85 | D | — | — | (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 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. |
| 2 | Common | Common Stock | 2023-02-16 | D | D | 22,410 | $91.10 | 19,260.85 | D | — | — | (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 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. |
| 3 | Derivative | Performance Units | 2023-02-16 | M | D | 22,410 | — | 0 | D | — · — to — | 22,410 Common Stock | (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 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. |
| 4 | Derivative | Time-Based Restricted Stock Units | 2023-02-16 | A | A | 22,400 | — | 22,400 | D | — · 2025-12-31 to 2025-12-31 | 22,400 Common Stock | (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. |
| 5 | Derivative | Performance Units | 2023-02-16 | A | A | 52,200 | — | 52,200 | D | — · — to — | 52,200 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) ultimatley received will be adjusted and determined based upon the achievement of the perforrmance criteria. |