Bowman Erica S 4
Research Summary
AI-generated summary
Edison Intl VP Erica Bowman Receives Award, Sells Shares for Taxes
What Happened
Erica S. Bowman, Vice President of Edison International (EIX), received 908.006 performance shares on 2026-02-25 (award reported at $0.00). To satisfy tax withholding on the award, 326 shares were surrendered/disposed at $75.20 per share, equal to $24,515. A tiny additional disposition of 0.006 shares to the issuer was also recorded. The award was an automatic, scheduled payment tied to a three‑year performance measurement period.
Key Details
- Transaction date: 2026-02-25; filing date: 2026-02-27 (appears timely — filed within two business days).
- Award: 908.006 shares reported as an automatic performance award (no cash purchase).
- Withholding/disposition: 326 shares @ $75.20 = $24,515 (tax withholding); 0.006 shares @ $75.20 (nominal).
- Shares owned after transaction: not specified in the provided excerpt (see full Form 4 for total holdings).
- Footnotes: F1 — these were performance shares with a three‑year performance period and were an automatic scheduled payment; F2 — some portions of the award were paid in cash only (the cash‑only portions are what the withholding covered).
Context
This was a routine issuance of performance shares combined with standard tax withholding, not an open‑market sale or a new purchase. Performance awards are common long‑term compensation; the withholding of shares to cover taxes is a standard administrative step and does not, by itself, signal a change in insider sentiment.