Powell Steven D 4

What Happened

• Steven D. Powell, President and CEO of Southern California Edison (a subsidiary of Edison International), received a performance award of 9,608.793 shares on 2026-02-25. As part of the issuance, 3,922 shares were surrendered/withheld to cover tax obligations at $75.20 per share (value reported $294,934) and 0.793 shares were surrendered to the issuer for $75.20 (reported $60). The award had a three-year performance measurement period and was an automatic, scheduled payment.

Key Details

• Transaction date: 2026-02-25
• Award: 9,608.793 performance shares (code A) issued at $0.00 (award)
• Withholding for taxes: 3,922 shares at $75.20 (code F) → $294,934 (reported as disposed)
• Fractional share disposition: 0.793 shares at $75.20 (code D) → $60
• Net shares delivered: 9,608.793 − 3,922.793 = 5,686.000 shares (approximately) received by Powell after withholding/cash portion
• Footnotes: payment was an automatic scheduled payout of performance shares (not derivative securities); part of the award was paid in cash only; filing includes shares from dividend reinvestment exempt from Section 16 reporting; SCE is a subsidiary of Edison Intl.
• Timeliness: Filing dated 2026-02-27 for a 2026-02-25 report — no late filing indicated in the provided excerpt.

Context

• This was an award payout with sell-to-cover/withholding for taxes, not an open-market sale — common for equity compensation settlements and does not necessarily indicate a change in insider view of the company.
• Because the award was performance-based and automatically scheduled, it reflects compensation vesting rather than an active purchase or deliberate sale decision by the insider.