Consolidated Edison CFO Kirkland Withholds 8,524 Shares for Taxes

What Happened
Kirkland B. Andrews, SVP & CFO of Consolidated Edison (ED), had 8,524 shares withheld to satisfy tax withholding related to the vesting of restricted stock units. The shares were valued at $112.09 each for a total withholding of $955,455. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-07-08; price per share: $112.09; total value withheld: $955,455.
• Withheld shares represent taxes on 16,795 RSUs that converted to common stock on a one-for-one basis (footnote F1).
• Transaction type: F (shares withheld to cover tax liability) — routine tax withholding, not a purchase or voluntary sale.
• Shares owned after the transaction: not disclosed in the Form 4 filing.
• Filing: Form 4 filed 2026-07-09 (filed the next day; not marked late).

Context
Share withholding to cover taxes on vested RSUs is a common, administrative action and does not necessarily indicate an insider’s buy or sell decision. Because these shares were withheld rather than sold on the open market, this filing is primarily a tax-accounting event rather than a market-timing trade.