Form 4: Con Edison Director Receives Equity Award

Brendan Thomas Cavanagh, a Director at Consolidated Edison Inc., received an annual equity award of Deferred Stock Units.

Summary

• Brendan Thomas Cavanagh, a Director at Consolidated Edison Inc., was granted 1,596 Deferred Stock Units (DSUs) on May 19, 2026, valued at $106.51 per unit.
• These DSUs are part of the company's Long Term Incentive Plan and each DSU represents one share of the company's Common Stock.
• Following this transaction, Cavanagh beneficially owns 2,606 shares of common stock directly.
• Additionally, Cavanagh has indirect beneficial ownership of shares held through various LLCs and trusts, including those for his spouse and for himself.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine equity award to a director and does not contain new financial performance data or strategic shifts.

Positives

• Director Brendan Thomas Cavanagh received an annual equity award, indicating continued incentive alignment with shareholders.
• The equity award is a standard component of executive compensation, designed to retain and motivate key leadership.

Future Outlook

The filing does not contain specific forward-looking statements or guidance. The equity award is a standard compensation practice.

Industry Context

StockSavvy.ai notes that equity awards to directors are a common practice in the utility sector to align executive interests with long-term company performance and shareholder value.

Stakeholder Impact

• Shareholders: The equity award aligns director incentives with long-term company performance, which is generally viewed positively by shareholders.

Key Dates

Keywords

Consolidated Edison, ED, Form 4, SEC Filing, Director, Equity Award, Deferred Stock Units, Long Term Incentive Plan, Beneficial Ownership