Ziaee Kamran 4

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.