RANGER MICHAEL W 4

What Happened Michael W. Ranger, a director of Consolidated Edison, Inc. (ED), received 440.658 Deferred Stock Units (DSUs) on June 30, 2026 as an award/acquisition under the company's Long Term Incentive Plan. The DSUs were reported at $110.63 each, with a total reported value of $48,750. This was a compensation-related acquisition (award), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-30; Transaction type: Award/Acquisition (code A).
• Price/value reported: $110.63 per DSU; total reported value $48,750.
• Each DSU represents one share of Consolidated Edison common stock (per footnote).
• Footnote F1: DSUs were acquired in lieu of cash for the quarterly board retainer at the filer’s election under the company's Long Term Incentive Plan.
• Footnote F2: Report includes 824.734 DSUs acquired on June 15, 2026 via the Plan’s dividend reinvestment provision.
• Shares owned after transaction: Not specified in the provided excerpt.
• Filing date: 2026-07-01 (Form 4 accession 0001047862-26-000122) — filing appears timely relative to the transaction date.

Context DSUs are a form of deferred compensation that convert to company shares (or cash equivalent) in the future and are common for non-employee directors to defer retainer fees; such awards are routine and do not by themselves indicate a buying/selling signal. The reported transaction reflects compensation deferral and dividend reinvestment activity, not an open-market investment decision.