Consolidated Edison Inc. Announces 2024 Annual Meeting of Stockholders

Ticker: ED · Form: DEF 14A · Filed: Apr 10, 2024 · CIK: 1047862

Consolidated Edison Inc DEF 14A Filing Summary
FieldDetail
CompanyConsolidated Edison Inc (ED)
Form TypeDEF 14A
Filed DateApr 10, 2024
Risk Levellow
Pages14
Reading Time17 min
Sentimentneutral

Sentiment: neutral

Topics: Proxy Statement, Annual Meeting, Stockholders, Executive Compensation, Corporate Governance

TL;DR

Consolidated Edison, Inc. will hold its 2024 Annual Meeting of Stockholders virtually on May 20, 2024, where shareholders will vote on director elections, auditor ratification, executive compensation, and stock purchase plans.

AI Summary

CONSOLIDATED EDISON INC (ED) filed a Proxy Statement (DEF 14A) with the SEC on April 10, 2024. The Annual Meeting of Stockholders for Consolidated Edison, Inc. is scheduled for May 20, 2024, at 10:00 a.m. EDT. The meeting will be held virtually via www.virtualshareholdermeeting.com/ED2024. Stockholders will vote on the election of Directors. Stockholders will vote to ratify the appointment of independent accountants for 2024. Stockholders will vote to approve, on an advisory basis, named executive officer compensation and the Company's Stock Purchase Plan.

Why It Matters

For investors and stakeholders tracking CONSOLIDATED EDISON INC, this filing contains several important signals. The virtual meeting format aims to provide consistent engagement opportunities for all stockholders, regardless of location. The company is seeking stockholder approval on key governance matters including director elections and executive compensation.

Risk Assessment

Risk Level: low — CONSOLIDATED EDISON INC shows low risk based on this filing. The filing is a routine proxy statement (DEF 14A) and does not contain new financial or operational information that would significantly alter the company's risk profile.

Analyst Insight

Stockholders should review the proxy materials carefully to make informed voting decisions on director nominees, executive compensation, and other proposals at the upcoming annual meeting.

Key Numbers

  • May 20, 2024 — Annual Meeting Date (Consolidated Edison, Inc. Annual Meeting of Stockholders)
  • 10:00 a.m. EDT — Meeting Time (Consolidated Edison, Inc. Annual Meeting of Stockholders)
  • 2024 — Independent Accountant Ratification Year (Consolidated Edison, Inc. Annual Meeting of Stockholders)

Key Players & Entities

  • Consolidated Edison, Inc. (company) — Registrant
  • Timothy P. Cawley (person) — Chairman of the Board Chief Executive Officer
  • May 20, 2024 (date) — Annual Meeting date
  • April 10, 2024 (date) — Filing date and date proxy materials provided
  • 2024 (date) — Fiscal year for independent accountants

FAQ

When did CONSOLIDATED EDISON INC file this DEF 14A?

CONSOLIDATED EDISON INC filed this Proxy Statement (DEF 14A) with the SEC on April 10, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by CONSOLIDATED EDISON INC (ED).

Where can I read the original DEF 14A filing from CONSOLIDATED EDISON INC?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by CONSOLIDATED EDISON INC.

What are the key takeaways from CONSOLIDATED EDISON INC's DEF 14A?

CONSOLIDATED EDISON INC filed this DEF 14A on April 10, 2024. Key takeaways: The Annual Meeting of Stockholders for Consolidated Edison, Inc. is scheduled for May 20, 2024, at 10:00 a.m. EDT.. The meeting will be held virtually via www.virtualshareholdermeeting.com/ED2024.. Stockholders will vote on the election of Directors..

Is CONSOLIDATED EDISON INC a risky investment based on this filing?

Based on this DEF 14A, CONSOLIDATED EDISON INC presents a relatively low-risk profile. The filing is a routine proxy statement (DEF 14A) and does not contain new financial or operational information that would significantly alter the company's risk profile.

What should investors do after reading CONSOLIDATED EDISON INC's DEF 14A?

Stockholders should review the proxy materials carefully to make informed voting decisions on director nominees, executive compensation, and other proposals at the upcoming annual meeting. The overall sentiment from this filing is neutral.

How does CONSOLIDATED EDISON INC compare to its industry peers?

Consolidated Edison, Inc. is a holding company that through its subsidiaries provides electric, gas, and steam service to New York City and Westchester County.

Are there regulatory concerns for CONSOLIDATED EDISON INC?

The filing is made under the Securities Exchange Act of 1934, specifically Schedule 14A, which governs the solicitation of proxies.

Industry Context

Consolidated Edison, Inc. is a holding company that through its subsidiaries provides electric, gas, and steam service to New York City and Westchester County.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, specifically Schedule 14A, which governs the solicitation of proxies.

What Investors Should Do

  1. Review the proxy statement for details on director nominees and their qualifications.
  2. Understand the advisory vote on executive compensation and the company's Stock Purchase Plan.
  3. Vote in advance of the May 20, 2024 meeting to ensure participation.

Key Dates

  • 2024-05-20: Annual Meeting of Stockholders — Stockholders will vote on key company matters.
  • 2024-04-10: Filing Date — Definitive Proxy Statement filed with the SEC.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine proxy statement and does not represent a change from previous filings in terms of its nature or purpose.

Filing Stats: 4,242 words · 17 min read · ~14 pages · Grade level 15.2 · Accepted 2024-04-10 16:07:25

Filing Documents

Executive Compensation Philosophy and Objectives

Executive Compensation Philosophy and Objectives 47 Role of Compensation Committee and Others in Determining Executive Compensation 51 Compensation Elements 52 Retirement and Other Benefits 68 Risk Mitigation 71 Tax Deductibility of Pay 72 Summary Compensation Table 73 Grants of Plan-Based Awards Table 75 Outstanding Equity Awards Table 76 Option Exercises and Stock Vested Table 77 Pension Benefits 78 Pension Plan Benefits 78 Defined Benefit Pension Table 79 Non-Qualified Deferred Compensation 80 Deferred Income Plan 80 Savings Plan 80 Non-Qualified Deferred Compensation Table 81 Potential Payments Upon Termination of Employment or Change in Control 83 Equity Acceleration 85 Incremental Retirement Amounts 85 Termination Without Cause or a Resignation for Good Reason 86 Payments Upon Termination of Employment in Connection with a Change in Control 86 Section 280G Reduction 86 Death Benefit 86 Compensation Committee Report 87 Compensation Risk Management 87 Pay Ratio 88 Pay Versus Performance 89 Proposal No. 4Approval of the Company's Stock Purchase Plan 94 ii Consolidated Edison, Inc. Proxy Statement TABLE OF CONTENTS Table of Contents Equity Compensation Plan Information 98 Delinquent Section 16(a) Reports 99 Certain Information as to Insurance and Indemnification 99 Questions and Answers About the 2024 Annual Meeting and Voting 100 Proxy Materials 100 Voting and Related Matters 101 Annual Meeting Information 103 Stockholder Proposals for the 2025 Annual Meeting 104 Proposals for Inclusion in 2025 Proxy Statement 104 Director Nominations for Inclusion in 2025 Proxy Statement (Proxy Access) 104 Other Proposals or Nominations to Come Before the 2025 Annual Meeting 104 Other Matters to Come Before the Meeting 104 Appendix A Operating Objectives 105 Appendix B Reconciliation of Non-GAAP Financial Mea

Forward-Looking Statements

Forward-Looking Statements This Proxy Statement contains forward-looking statements that are intended to qualify for the safe-harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are statements of future expectations and not facts. Words such as "forecasts," "expects," "estimates," "anticipates," "intends," "believes," "plans," "will," and similar expressions identify forward-looking statements. The forward-looking statements reflect information available and assumptions at the time the statements are made and speak only as of that time. Actual results or developments might differ materially from those included in the forward-looking statements because of various factors including, but not limited to, those discussed under "Risk Factors," in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023. Consolidated Edison, Inc. Proxy Statement iii TABLE OF CONTENTS PROXY STATEMENT SUMMARY PROXY STATEMENT SUMMARY This section highlights the proposals to be acted upon, as well as information about Consolidated Edison, Inc. (the "Company"), that can be found in this Proxy Statement and does not contain all of the information that you need to consider. Before voting, please carefully review the complete Proxy Statement and the Annual Report to Stockholders of the Company provided to stockholders on or about April 10, 2024, which includes the consolidated financial statements and accompanying notes for the fiscal year ended December 31, 2023, and other information relating to the Company's financial condition and results of operations. References to "Con Edison of New York," "Orange & Rockland," and "Con Edison Transmission" throughout this Proxy Statement refer to the Company's subsidiaries, Consolidated Edison Company of New York, Inc., Orange and Rockland Utilities, Inc., and Con Edison Transmission, Inc. and its sub

View Full Filing

View this DEF 14A filing on SEC EDGAR

View on ReadTheFiling | About | Contact | Privacy | Terms

Data from SEC EDGAR. Not affiliated with the SEC. Not investment advice. © 2026 OpenDataHQ.