Cavanagh Brendan Thomas 4

What Happened
Brendan Thomas Cavanagh, a director of Consolidated Edison, received an award of 1,596 Deferred Stock Units (DSUs) on 2026-05-19. The filing lists the acquisition price per share as $106.51, for a total value of $169,990. The transaction is reported as an award/grant (code A), not an open-market purchase.

Key Details

• Transaction date: 2026-05-19; filing date: 2026-05-20 (timely filing).
• Shares/units acquired: 1,596 DSUs at $106.51 each; total reported value $169,990.
• Transaction type: Award / grant (A) — annual equity award under the company’s Long Term Incentive Plan (see F1).
• Footnote F1: These are annual Deferred Stock Units; each DSU represents one share of common stock.
• Footnotes F2 & F3: Some holdings are owned via LLCs and trusts (F2: LLC owned by a trust for the benefit of his spouse; F3: LLC majority owned by a trust for his benefit).
• Shares owned after transaction: not specified in the filing.

Context
DSUs are a form of long-term compensation that represent share equivalents and typically convert into actual shares or cash at a later date under plan terms; they are routine director compensation rather than an open-market buy or sell. This award signals ongoing compensation alignment with shareholders but should not be interpreted alone as a buy/sell market signal.