Andrews Kirkland B 4

4 · CONSOLIDATED EDISON INC · Filed Feb 20, 2026

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Updated Feb 20, 2026

Consolidated Edison (ED) CFO Kirkland Receives 18,400-Unit Award

What Happened

Kirkland B. Andrews, SVP & Chief Financial Officer of Consolidated Edison (ED), received equity awards on February 18, 2026 totaling 18,400 units: 12,900 performance units and 5,500 time‑based restricted stock units (RSUs). No purchase price is reported (awards, not open‑market trades). These are derivative awards that may convert to shares (or cash equivalents) only if/when they vest.

Key Details

Transaction date: 2026-02-18; Form 4 filed 2026-02-20 (timely).
Awards: 12,900 Performance Units (F1) and 5,500 time‑based RSUs (F2); price: N/A (award).
Vesting: Performance Units scheduled to vest in 2029 subject to performance determination by the Management Development and Compensation Committee; RSUs scheduled to vest in full on December 31, 2028.
Economic nature: Each Performance Unit = economic equivalent of one share; each RSU = contingent right to one share on vesting. No shares were immediately issued.
Shares owned after transaction: Not disclosed in the provided filing excerpt.
Transaction code: A = Award/Grant. No 10b5‑1 plan, tax withholding, or cashless sale indicated in the footnotes provided.

Context

These are compensation grants, not purchases or sales, so they reflect company compensation practices rather than an immediate insider market signal. Final number (or cash value) received will depend on future vesting and performance outcomes.

Form 4

Period: 2026-02-18

SVP & CFO

Transactions

Award
Performance Units
[F1]
2026-02-18+12,900→ 12,900 total
→ Common Stock (12,900 underlying)
Award
Time-Based Restricted Stock Units
[F2]
2026-02-18+5,500→ 5,500 total
From: 2028-12-31Exp: 2028-12-31→ Common Stock (5,500 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.

Signature

William J. Kelleher; Attorney-in-Fact|2026-02-20

1 file