Edison (EIX) EVP Jill Anderson Exercises Options, Sells Shares

What Happened
Jill Charlotte Anderson, Executive Vice President at Southern California Edison (a subsidiary of Edison International), exercised a total of 52,873 stock options in two tranches (Feb 27 and Mar 2, 2026). The exercised lots: 20,471 @ $54.91 and 13,386 @ $63.65 on Feb 27, and 8,720 @ $60.78 and 10,296 @ $62.50 on Mar 2 — the exercised option amounts reported total about $3.15M (exercise-price basis). To cover the exercise price and required tax withholding, 45,988 shares were withheld by EIX (reported disposals for tax/payment, ~ $3.44M). In addition, Anderson sold 6,885 shares in the open market (4,774 on Feb 27 and 2,111 on Mar 2) for total proceeds of about $514,088. Net result: all 52,873 exercised shares were either withheld or sold (no net new shares retained from these exercises).

Key Details

• Transaction dates and per-share figures:
  • Feb 27, 2026: exercised 33,857 options (20,471 @ $54.91; 13,386 @ $63.65). Withheld 29,083 shares (16,978 and 12,105) and sold 4,774 shares @ $74.72 ($356,713).
  • Mar 2, 2026: exercised 19,016 options (8,720 @ $60.78; 10,296 @ $62.50). Withheld 16,905 shares (7,682 and 9,223) and sold 2,111 shares @ $74.55 ($157,375).
• Total exercised: 52,873 shares; total withheld for exercise/taxes: 45,988 shares; open-market sales: 6,885 shares for ~$514,088.
• Holdings after transaction: No net new shares retained from these exercises — all exercised shares were either withheld or sold.
• Footnotes: F1 — reporting relates to SCE (EIX subsidiary). F2 — shares were withheld by EIX to pay exercise price and minimum tax withholding. F4–F6 — the options exercised had vested previously (various prior vesting dates). F3 notes holdings include Edison 401(k) plan amounts exempt from Section 16 reporting.
• Filing timeliness: Form filed 2026-03-03 covering transactions on Feb 27 and Mar 2; filing appears within the normal Section 16 reporting window (timely).

Context
These were option exercises followed by share withholding to cover exercise price and tax obligations (a cashless/“sell to cover” type transaction) plus small open-market sales. Withheld-share disposals to cover taxes or exercise costs are routine and do not necessarily signal the insider’s view on the stock. The filing reports conversion of derivatives (option-to-share) and associated dispositions; it does not disclose any 10% owner activity.