RANGER MICHAEL W 4

What Happened
Michael W. Ranger, a director of Consolidated Edison, received an award of 1,596 Deferred Stock Units (DSUs) on 2026-05-19. The award is reported at an acquisition value of $106.51 per unit, totaling $169,990. This was an equity award (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-19; filing date: 2026-05-20 (filed the next day).
• Price/value: $106.51 per DSU; total value reported $169,990.
• Shares acquired: 1,596 DSUs (each DSU represents one share).
• Shares owned after transaction: not disclosed in this filing.
• Footnote: F1 states this is the annual equity award of DSUs under the company’s Long Term Incentive Plan.
• Timeliness: filing appears timely (filed the day after the transaction).
• Transaction type: A = Award/Grant (not a purchase/sale under 10b5-1 or a gift).

Context
DSUs are deferred equity awards where each unit corresponds to one share of common stock; they typically vest or are paid out according to the company’s plan. Such director awards are routine compensation and do not necessarily indicate the insider is buying or selling stock based on current views of the company.