Ziaee Kamran 4
4 · CONSOLIDATED EDISON INC · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Consolidated Edison SVP Kamran Ziaee Receives Awards
What Happened Kamran Ziaee, SVP & Chief Information Officer of Consolidated Edison (ED), received equity awards on February 18, 2026: 7,800 performance units and 3,400 time‑based restricted stock units (RSUs), for a total of 11,200 units. These are grants (derivative awards) with no cash purchase price reported (price = N/A) and do not represent immediate sales or open‑market purchases.
Key Details
- Transaction date: 2026-02-18; Form 4 filed: 2026-02-20.
- Transaction type: Award/Grant (code A).
- Awards: 7,800 Performance Units (F1) and 3,400 Time‑based RSUs (F2) — total 11,200 units.
- Price: N/A (awards/derivatives, not a purchase).
- Vesting: Performance Units scheduled to vest in 2029 subject to achievement of performance criteria; RSUs vest in full on December 31, 2028.
- Shares owned after transaction: Not reported on this filing.
- Footnotes: F1 = performance units (each economically equivalent to one share; final payout adjusted by performance); F2 = time‑based RSUs (each converts to one share upon vesting).
- Timeliness: Filed two days after the transaction (Feb 20 for Feb 18), consistent with Form 4 reporting timelines.
Context These grants are part of executive long‑term incentive compensation and vest in future periods; they are not immediate purchases or sales and therefore do not directly signal a near‑term market view. Performance units’ eventual payout will depend on future performance metrics and may be paid in shares or cash per plan terms.
Insider Transaction Report
- Award
Performance Units
[F1]2026-02-18+7,800→ 7,800 total→ Common Stock (7,800 underlying) - Award
Time-Based Restricted Stock Units
[F2]2026-02-18+3,400→ 3,400 totalFrom: 2028-12-31Exp: 2028-12-31→ Common Stock (3,400 underlying)
Footnotes (2)
- [F1]Represents a grant of Performance Units granted under the Company's Long Term Incentive Plan (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.
- [F2]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.