Murphy J Andrew 4
Research Summary
AI-generated summary
EIX: Murphy J Andrew (Edison Energy CEO) Receives Performance Award
What Happened
Murphy J Andrew, President & CEO of Edison Energy (a subsidiary of Edison International), received a performance-based award of 4,393.126 shares of Edison International common stock on Feb 25, 2026 (grant/acquisition at $0.00). To cover tax withholding and related adjustments, 1,635 shares were treated as disposed/paid (reported as payment of tax liability) at $75.20 per share for a cash value of $122,952, and 0.126 fractional shares were surrendered to the issuer at $75.20 (about $9). The award had a three-year performance measurement period and the payout was an automatic, scheduled payment per the award terms.
Key Details
- Transaction date: 2026-02-25; Form filed: 2026-02-27 (filed two days after the transaction).
- Awarded: 4,393.126 shares @ $0.00 (grant).
- Withheld/paid: 1,635 shares @ $75.20 = $122,952 (tax withholding / cash portion).
- Fractional share surrendered: 0.126 shares @ $75.20 ≈ $9.
- Relationship: Edison Energy, LLC dba Trio is a subsidiary of Edison International (reporting person is the subsidiary CEO).
- Footnotes: Award subject to a three-year performance period; only part of the award was paid in shares, part paid in cash. These reported dispositions reflect the cash-only portions used for tax withholding.
Context
This is a compensation-related award (acquisition), not an opportunistic market purchase or sale of existing holdings. The withheld/disposed shares reflect routine tax withholding and fractional-share handling and do not necessarily indicate a change in the insider’s view of the company. Shares owned after the transaction were not specified in the provided summary.