Consolidated Edison (NYSE: ED) director receives stock units as board fee

Rhea-AI Filing Summary

CONSOLIDATED EDISON INC director Michael W. Ranger received a grant of 430.730 Deferred Stock Units (DSUs) of Common Stock on the board, valued at $113.18 per share equivalent. These DSUs were acquired in lieu of cash for the quarterly board retainer fee under the company’s Long Term Incentive Plan.

Each DSU represents one share of Common Stock, and the total direct holdings after this grant are 99,017.129 shares, including DSUs. This total also includes 764.245 DSUs that were previously acquired on March 16, 2026 through the plan’s dividend reinvestment provision, making the new grant a routine, compensation-related increase to the director’s equity stake.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider RANGER MICHAEL W

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	430.73	$113.18	$49K

Holdings After Transaction: Common Stock — 99,017.129 shares (Direct)

Footnotes (1)

1. Represents Deferred Stock Units ("DSUs") acquired in lieu of cash for the quarterly board retainer fee at the election of the filer, pursuant to the terms of the Consolidated Edison, Inc. (the "Company") Long Term Incentive Plan (the "Plan"). Each DSU represents one share of the Company's Common Stock. Includes 764.245 DSUs acquired on March 16, 2026, pursuant to the Plan's dividend reinvestment provision.

Key Figures

DSU grant: 430.730 shares Grant value per share: $113.18 per share Total holdings after transaction: 99,017.129 shares +1 more

4 metrics

DSU grant 430.730 shares Deferred Stock Units granted in lieu of quarterly board retainer fee

Grant value per share $113.18 per share Reference price used for the 430.730 DSU award

Total holdings after transaction 99,017.129 shares Director’s direct Common Stock and DSU holdings following the grant

Dividend reinvestment DSUs 764.245 units DSUs acquired on March 16, 2026 via dividend reinvestment

Key Terms

Deferred Stock Units ("DSUs"), Long Term Incentive Plan, dividend reinvestment provision, board retainer fee

4 terms

Deferred Stock Units ("DSUs") financial

"Represents Deferred Stock Units ("DSUs") acquired in lieu of cash for the quarterly board retainer fee"

Long Term Incentive Plan financial

"pursuant to the terms of the Consolidated Edison, Inc. (the "Company") Long Term Incentive Plan (the "Plan")"

A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.

dividend reinvestment provision financial

"Includes 764.245 DSUs acquired on March 16, 2026, pursuant to the Plan's dividend reinvestment provision."

A dividend reinvestment provision is a company policy that lets shareholders automatically use their cash dividends to buy more shares instead of receiving money. Think of it like a subscription that turns each payday into buying an extra slice of the same pie; it helps investors compound their holdings over time, often with lower transaction costs and sometimes at a small discount, which can boost long‑term returns and subtly change ownership percentages.

board retainer fee financial

"acquired in lieu of cash for the quarterly board retainer fee at the election of the filer"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

RANGER MICHAEL W

(Last) (First) (Middle)

CONSOLIDATED EDISON, INC. C/O SECRETARY

4 IRVING PLACE; ROOM 16-205

(Street)

NEW YORK NEW YORK 10003

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CONSOLIDATED EDISON INC [ ED ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/31/2026		A		430.73(1)	A	$113.18	99,017.129(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents Deferred Stock Units ("DSUs") acquired in lieu of cash for the quarterly board retainer fee at the election of the filer, pursuant to the terms of the Consolidated Edison, Inc. (the "Company") Long Term Incentive Plan (the "Plan"). Each DSU represents one share of the Company's Common Stock.

2. Includes 764.245 DSUs acquired on March 16, 2026, pursuant to the Plan's dividend reinvestment provision.

	William J. Kelleher; Attorney-in-Fact	04/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did director Michael W. Ranger report in this Form 4 for ED?

Director Michael W. Ranger reported receiving 430.730 Deferred Stock Units of Consolidated Edison Common Stock as part of his quarterly board retainer fee. Each DSU equals one share, increasing his direct equity-based holdings under the company’s Long Term Incentive Plan.

Was the Consolidated Edison (ED) Form 4 a stock purchase or a grant?

The Form 4 reflects a grant/award acquisition, not an open-market purchase. Ranger received 430.730 Deferred Stock Units in lieu of cash board fees under the Long Term Incentive Plan, making this a routine, compensation-related equity award rather than a discretionary market trade.

How many Consolidated Edison shares does Michael W. Ranger hold after this transaction?

After the transaction, Michael W. Ranger directly holds 99,017.129 shares of Consolidated Edison Common Stock, including Deferred Stock Units. This figure reflects his updated total equity-based position reported in the filing, incorporating the latest DSU grant and prior DSUs acquired through dividend reinvestment.

What are Deferred Stock Units (DSUs) in the context of ED’s Long Term Incentive Plan?

Deferred Stock Units are equity-based awards where each unit represents one share of Consolidated Edison Common Stock. In this filing, DSUs were taken instead of cash board fees and can also accumulate through dividend reinvestment, aligning director compensation with long-term shareholder value.

How were dividend reinvestments reflected in this Consolidated Edison Form 4?

The filing notes that Ranger’s holdings include 764.245 Deferred Stock Units acquired on March 16, 2026 through the plan’s dividend reinvestment provision. This means dividends on prior awards were automatically reinvested into additional DSUs, modestly increasing his equity position over time.

Does this ED Form 4 indicate any stock sales by the director?

No, the Form 4 does not show any sales. It reports a single acquisition coded as a grant or award, where board fees were taken as 430.730 Deferred Stock Units. The director’s total direct holdings increased to 99,017.129 shares following this routine compensation-related transaction.