Reed Marcy L. 4

What Happened

• Marcy L. Reed, a director of Edison International (EIX), was granted 2,737 deferred stock units (DSUs) on 2026-04-23. The Form 4 reports the acquisition as an award/grant (code A) at $0.00 (derivative), so the filing records $0 cash exchanged for the award. DSUs are a form of deferred equity compensation rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-04-23; Form 4 filed: 2026-04-27 (filed within the standard two business‑day window).
• Security: Deferred stock units (1-for-1 value with common shares); Amount granted: 2,737 DSUs; Reported acquisition price: $0.00 (derivative award).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes: DSUs are equal in value to one share of Edison common stock (F1); granted upon re‑election as director (F2); DSUs are to be settled upon retirement, resignation, death or disability (unless another settlement date is elected) (F3); the total includes additional DSUs from dividend reinvestment exempt from Section 16(a) reporting (F4).

Context

• Deferred stock units are a common form of director compensation and do not represent an immediate cash purchase or sale of shares. They typically convert to actual shares or cash tied to the stock price at settlement (e.g., upon retirement). Such awards are routine and do not, by themselves, indicate the director is buying or selling shares for investment reasons.