SANFORD LINDA S 4
Research Summary
AI-generated summary
Consolidated Edison (ED) Director Linda S. Sanford Receives Award
What Happened
Linda S. Sanford, a director of Consolidated Edison, received an award of 1,596 Deferred Stock Units (DSUs) on 2026-05-19. The filing values the award at $106.51 per share, for a total grant value of $169,990. This was an equity grant (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-19; price used for value: $106.51 per share; total value: $169,990.
- Transaction type: Award/Grant of DSUs (each DSU represents one share of common stock).
- Shares owned after transaction: not specified in the filing.
- Footnote F1: Award represents the annual DSU grant under the company's Long Term Incentive Plan; each DSU equals one share.
- Footnote F2: The award/holding includes DSUs acquired via dividend reinvestment on 2025-06-16 (190.307 DSUs), 2025-09-12 (218.525 DSUs), 2025-12-15 (220.474 DSUs) and 2026-03-16 (197.138 DSUs).
- Filing date: 2026-05-20 (appears timely relative to the 2026-05-19 transaction).
Context
DSUs are deferred equity awards typically granted as part of director compensation; they are not market purchases or sales and do not directly indicate buying or selling sentiment. The grant increases the director’s deferred equity holdings and will convert to shares or cash according to the plan’s settlement terms when they become payable.