Camunez Michael C 4
Research Summary
AI-generated summary
Edison International (EIX) Director Michael Camunez Receives Award
What Happened
- Michael C. Camunez, a director of Edison International (EIX), received an award of 2,737 deferred stock units (DSUs) on 2026-04-23. The units were granted at $0.00 (i.e., a non‑cash award/derivative grant) and are reported as an acquisition of derivative securities rather than an open‑market purchase.
Key Details
- Transaction date: 2026-04-23; Form 4 filed: 2026-04-27 (appears to be filed several days after the transaction and may be late under Section 16 timing rules).
- Award: 2,737 deferred stock units; reported acquisition price $0.00 (grant/award).
- Shares owned after transaction: not disclosed in the provided filing details.
- Footnotes: (F1) each DSU equals one share of Edison common stock in value; (F2) DSUs were granted upon Camunez’s re‑election as a director; (F3) DSUs are to be settled upon the director’s retirement, resignation, death or disability (unless an alternative settlement date is elected); (F4) amount includes additional DSUs from dividend reinvestment, which are exempt from Section 16(a) reporting.
Context
- Deferred stock units are a form of restricted/deferral award — they represent the right to receive value tied to company stock at a later settlement date and are not an immediate purchase of shares. Such awards are routine compensation for directors and do not by themselves indicate buying or selling sentiment.