Miller Joseph 4

4 · CONSOLIDATED EDISON INC · Filed Feb 20, 2026

AI-generated summary of this filing

Updated Feb 20, 2026

Consolidated Edison (ED) VP Joseph Miller Exercises Options, Receives Awards

What Happened

Joseph Miller, Vice President & Controller of Consolidated Edison, exercised derivative awards and received equity awards on Feb 18, 2026. He exercised 841 shares at a strike of $113.92 per share (cash paid = $95,807). The filing also reports acquisitions of 1,500 performance units and 600 time‑based restricted stock units (total 2,100 units) under the company’s LTIP.

Key Details

Transaction date: 2026-02-18 (reported on Form 4 filed 2026-02-20).
Option exercise: 841 shares acquired at $113.92 each; total strike cost reported as $95,807.
Related derivative entry: the filing includes a corresponding derivative disposition line for 841 shares (reported as a derivative disposition with no open‑market price shown).
Awards/grants: 1,500 performance units (adjusted based on performance criteria) and 600 time‑based restricted stock units (vesting schedule noted in footnotes).
Small plan credits noted in footnotes: includes shares from the company Stock Purchase Plan and thrift plan adjustments.
Shares owned after the transactions: not provided in the excerpt of the filing supplied.
Timeliness: filing was submitted within two days of the transaction date (no late filing indicated).

Context

The “M” transactions are exercises/conversions of derivatives (e.g., option/performance-unit conversions) — the Form 4 shows an exercise (cash paid) and a related derivative disposition line; the filing does not show an open‑market sale of the acquired shares.
The 1,500 units reference performance units that vested (adjusted for performance achievement); the 600 units are time‑based restricted stock units scheduled to vest per the LTIP.
These insider equity awards and exercises are routine forms of compensation and not, by themselves, a stated vote of confidence or concern about the stock — they document compensation realization and vesting events.

Form 4

Period: 2026-02-18

VP & Controller

Transactions

Exercise/Conversion
Common Stock
[F1][F2]
2026-02-18$113.92/sh+841$95,807→ 5,173.227 total
Exercise/Conversion
Performance Units
[F1]
2026-02-18−841→ 0 total
→ Common Stock (841 underlying)
Award
Performance Units
[F4]
2026-02-18+1,500→ 1,500 total
→ Common Stock (1,500 underlying)
Award
Time - Based Restricted Stock Units
[F5]
2026-02-18+600→ 600 total
From: 2028-12-31Exp: 2028-12-31→ Common Stock (600 underlying)

Holdings

Footnotes (5)

[F1]Represents Performance Units granted in 2023 under the Company's Long Term Incentive Plan (the "LTIP") that vested. 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 15.046 shares acquired under the Company's Stock Purchase Plan since the reporting person's last filing.
[F3]Between 12/31/25 and 1/31/2026, the reporting person's shares of Company common stock under the TRASOP increased by 7.166. The information in this report is based on a Thrift Plan statement dated as of 1/31/26.
[F4]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.
[F5]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