Hensley Jennifer 4

4 · CONSOLIDATED EDISON INC · Filed Feb 20, 2026

AI-generated summary of this filing

Updated Feb 20, 2026

Consolidated Edison (ED) SVP Jennifer Hensley Exercises Units, Sells 2,087 Shares

What Happened

Jennifer Hensley, Senior VP, Corporate Affairs at Consolidated Edison, had LTIP performance units vest and executed related derivative transactions on 2026-02-18. As part of the vesting settlement she disposed (sold back to the issuer) 2,087 shares at $113.92 each for proceeds of $237,751. Additionally, 264 shares were withheld to cover tax obligations (value $30,075).
The filing also reports derivative activity showing 8,100 shares acquired via exercise/conversion and a new grant of 3,400 units (awarded), both recorded on 2026-02-18. These acquisitions are LTIP-related equity awards (not open-market purchases).

Key Details

Transaction date: 2026-02-18; filing date: 2026-02-20 (timely).
Disposition: 2,087 shares sold to issuer at $113.92 — proceeds $237,751.
Tax withholding: 264 shares withheld @ $113.92 — value $30,075 (reported as payment of exercise price/tax liability).
Derivative activity: 8,100 shares acquired via exercise/conversion of derivatives; 3,400 shares granted (LTIP awards scheduled to vest per footnotes).
Additional note: 47.826 shares were acquired under the company’s Stock Purchase Plan since the last filing (per footnote).
Footnotes clarify these are LTIP Performance Units and time-based restricted stock units (some vested from 2023; some grants vest in future years — 2028/2029). Performance Units are the economic equivalent of one share.
Filing does not indicate a 10b5-1 plan; transaction appears compensation-related rather than an open-market buy/sell.

Context

This appears to be a routine, compensation-driven settlement of LTIP awards: some performance units vested and the reporting person elected/received a portion in cash, resulting in shares surrendered to the issuer and shares withheld for taxes. Such transactions are common for executives receiving equity compensation and do not necessarily signal a personal view on the company’s stock.
For retail investors, purchases (open-market buys) often carry more interpretive weight than routine award settlements; here the activity mainly reflects compensation vesting and tax withholding rather than a discretionary market purchase or sale.

Form 4

Period: 2026-02-18

SVP, Corporate Affairs

Transactions

Exercise/Conversion
Common Stock
[F1][F2]
2026-02-18−2,782→ 4,610.001 total
Disposition to Issuer
Common Stock
[F1]
2026-02-18$113.92/sh−2,087$237,751→ 2,523.001 total
Tax Payment
Common Stock
[F1]
2026-02-18$113.92/sh−264$30,075→ 2,259.001 total
Exercise/Conversion
Performance Units
[F3]
2026-02-18+8,100→ 8,100 total
→ Common Stock (8,100 underlying)
Award
Time - Based Restricted Stock Units
[F4]
2026-02-18+3,400→ 3,400 total
From: 2028-12-31Exp: 2028-12-31→ Common Stock (3,400 underlying)

Footnotes (4)

[F1]Represents Performance Units granted in 2023 under the Company's Long Term Incentive Plan (the "LTIP") that vested for which the reporting person elected to receive a portion of the value in cash. The number of shares has been adjusted from the original reporting based upon the achievement of the performance criteria. Each Performance Unit is the economic equivalent of one share of Company common stock.
[F2]Includes 47.826 shares acquired under the Company's Stock Purchase Plan since the reporting person's last filing.
[F3]Represents a grant of Performance Units granted under 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.
[F4]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