SEC Form 3
FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 04/01/2024 |
3. Issuer Name and Ticker or Trading Symbol
CONSOLIDATED EDISON INC [ ED ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 12,891.27 | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Performance Units | (1) | (1) | Common Stock | 3,000 | (1) | D | |
Performance Units | (2) | (2) | Common Stock | 2,800 | (2) | D | |
Performance Units | (3) | (3) | Common Stock | 3,200 | (3) | D | |
Time-Based Restricted Stock Units | (4) | 12/31/2024 | Common Stock | 1,400 | (4) | D | |
Time-Based Restricted Stock Units | (5) | 12/31/2025 | Common Stock | 1,200 | (5) | D | |
Time-Based Restricted Stock Units | (6) | 12/31/2026 | Common Stock | 1,300 | (6) | D |
Explanation of Responses: |
1. Represents performance stock units granted in 2022, under the Consolidated Edison, Inc. ("Company") Long Term Incentive Plan ("LTIP"), scheduled to vest on 12/31/2024, and settle in February 2025, based upon the determination of the performance criteria by the Management, Development and Compensation Committee of the Board of Directors of the Company (the "MD&C Committee"). Each performance unit is the economic equivalent of one share of Company common stock. The number of shares (or cash equivalents) ultimately received will be adjusted and determined based upon the achievement of the performance criteria. |
2. Represents performance stock units granted in 2023, under the LTIP, scheduled to vest on 12/31/2025, and settle in February 2026, based upon the determination of the performance criteria by the MD&C Committee. Each performance unit is the economic equivalent of one share of Company common stock. The number of shares (or cash equivalents) ultimately received will be adjusted and determined based upon the achievement of the performance criteria. |
3. Represents performance stock units granted in 2024, under the LTIP, scheduled to vest on 12/31/2026, and settle in February 2027, based upon the determination of the performance criteria by the MD&C Committee. Each performance unit is the economic equivalent of one share of Company common stock. The number of shares (or cash equivalents) ultimately received will be adjusted and determined based upon the achievement of the performance criteria. |
4. Represents a grant of time-based restricted stock units under the LTIP, scheduled to vest in full on December 31, 2024. Each time-based restricted stock unit is a contingent right to receive one share of Company common stock. |
5. Represents a grant of time-based restricted stock units under the LTIP, scheduled to vest in full on December 31, 2025. Each time-based restricted stock unit is a contingent right to receive one share of Company common stock. |
6. Represents a grant of time-based restricted stock units under the LTIP, scheduled to vest in full on December 31, 2026. Each time-based restricted stock unit is a contingent right to receive one share of Company common stock. |
William J. Kelleher; Attorney-in-Fact | 04/05/2024 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |