Sanchez Robert 4

4 · CONSOLIDATED EDISON INC · Filed Feb 20, 2026

AI-generated summary of this filing

Updated Feb 20, 2026

Consolidated Edison (ED) President Robert Sanchez Sells Shares

What Happened

Robert Sanchez, President, Shared Services at Consolidated Edison, reported exercising/vesting and selling 5,370 share-equivalents on Feb 18, 2026. The disposition to the issuer was at $113.92 per share, totaling $611,750.
The filing also shows new equity awards the same day: 8,900 performance units (future-vesting) and 3,800 time-based restricted stock units (vesting in 2028). Small additional changes include ~97.65 shares acquired under the company stock purchase plan and a 0.098-share decrease in thrift plan holdings per a statement dated 1/31/26.

Key Details

Transaction date: 2026-02-18. Sale price: $113.92; total cash received: $611,750 for 5,370 shares.
Shares owned after the reported transactions: not specified in the excerpt provided.
Notable footnotes:
- F1: The sold units were performance units granted in 2023 that vested; the reporting person elected to receive value in cash. Performance Units are economically equivalent to one share each.
- F4: 8,900 performance units granted under LTIP, scheduled to vest in 2029 subject to performance criteria.
- F5: 3,800 time‑based restricted stock units under LTIP, scheduled to vest in full on Dec 31, 2028.
- F2/F3: Small adjustments from the company Stock Purchase Plan and Thrift Plan are reflected.
Filing timing: Reported on 2026-02-20 for transactions on 2026-02-18 (filed within the typical two-business-day window).

Context

This was primarily a cash settlement of vested performance-unit awards rather than an open‑market sale of previously owned shares; the filer elected to receive the vested value in cash per the footnote.
The new grants reported are long-term awards scheduled to vest in future years and do not represent immediate share purchases.
These kinds of exercises/settlements and concurrent new grants are common in executive compensation reporting and do not by themselves indicate a change in company outlook.

Form 4

Period: 2026-02-18

President, Shared Services

Transactions

Exercise/Conversion
Common Stock
[F1][F2]
2026-02-18+5,370→ 27,115.864 total
Disposition to Issuer
Common Stock
[F1]
2026-02-18$113.92/sh−5,370$611,750→ 21,745.864 total
Exercise/Conversion
Performance Units
[F1]
2026-02-18−5,370→ 0 total
→ Common Stock (5,370 underlying)
Award
Performance Units
[F4]
2026-02-18+8,900→ 8,900 total
→ Common Stock (8,900 underlying)
Award
Time - Based Restricted Stock Units
[F5]
2026-02-18+3,800→ 3,800 total
From: 2028-12-31Exp: 2028-12-31→ Common Stock (3,800 underlying)

Holdings

Footnotes (5)

[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 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 97.646 shares acquired under the Company's Stock Purchase Plan since the reporting person's last filing.
[F3]Between 12/31/25 and 1/31/26, the reporting person's shares of Company common stock under the Thrift Plan decreased by 0.098. 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