PIZARRO PEDRO 4

What Happened
Pedro Pizarro, President and CEO of Edison International, received a scheduled performance share award covering 47,033.108 shares on Feb 25, 2026. Per the filing, 23,931 of those shares were withheld to satisfy tax obligations (23,931 shares × $75.20 = $1,799,611), and an additional 0.108 share was surrendered to the issuer to cover fractional-share rounding (0.108 × $75.20 = $8). The award itself was recorded as an acquisition at $0.00 (grant).

Key Details

• Transaction date: February 25, 2026; filing date: February 27, 2026 (filed within the typical 2-business-day Form 4 window).
• Award: 47,033.108 shares granted (recorded at $0.00). Implied gross value using $75.20/share ≈ $3.54M, though only part was issued as shares.
• Withholding: 23,931 shares withheld to cover taxes — proceeds listed as $1,799,611.
• Fractional share: 0.108 share disposed to issuer for $8 to round the award.
• Footnotes: F1 — these were performance shares with a three-year performance measurement period and were an automatic, scheduled payment; only a portion was paid in stock. F2 — certain portions of the award were paid in cash only (cash portion not issued as shares).
• Shares owned after the transaction are not disclosed in the provided filing.

Context
This filing reports a scheduled performance share payout rather than an open-market buy or sale. The withholding and fractional-share disposition are routine administrative actions to cover tax liabilities and rounding; they do not indicate an open-market sell. The award had a multi-year performance measurement period and included both share and cash components per the footnotes.