Consolidated Edison management check
ED · Utilities · Multi-Utilities
Filings as of
3 good · 2 to watch · 1 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2021 grew to $164, against $159 for the peer group the company picked itself.
- Watch
Does pay follow performance?
Pay only loosely tracked returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.23 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Flag
What does the CEO cost owners?
983.7% of net income$19.9m of reported pay in fiscal 2025, against $2.0m of net income.
- n/a
Do they own the stock?
No recent CEO filingLight activity: $0k bought, no sales in six months.
- Watch
Are owners being diluted?
Share count growingDiluted shares changed +1.3% a year over the last three fiscal years. Stock-based pay was 0.3% of revenue in the latest year.
- Good
Is leadership stable?
6 leadership filings in 3 years6 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Utilities.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 54 | 53 | |
| Pay for performance | 62 | 81 | |
| CEO cost | 0 | 50 | |
| Skin in the game | — | — | 45 |
| Dilution | 33 | 37 | |
| Stable leadership | 95 | 80 | |
| Clean books | 100 | 100 |
Closest peers
Others in Multi-Utilities, by management score. Consolidated Edison is 23rd of 30 in its sector.
- 146NEENextEra Energy72
- 210CMSCMS Energy68
- 226AEEAmeren66
- 227SRESempra66
- 242NINiSource65
- 244CNPCenterPoint Energy65
- 245XELXcel Energy64
- 330DDominion Energy59
- 337PNWPinnacle West Capital59
- 361EDConsolidated Edison57
Pay versus performance
From the proxy statement filed April 8, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | — | $19.9m | $14.9m | $4.4m | $164 | $159 | $2.0m |
| 2024 | — | $15.0m | $3.7m | $4.1m | $143 | $137 | $1.8m |
| 2023 | — | $16.2m | $12.1m | $4.0m | $141 | $111 | $2.5m |
| 2022 | — | $9.6m | $16.0m | $2.9m | $142 | $120 | $1.7m |
| 2021 | — | $10.3m | $11.6m | $2.9m | $123 | $118 | $1.3m |
The board says pay is tied most to Adjusted EPS. Its other key measures: Relative TSR, Adjusted Net Income, Operating Objectives, Operating Budget.
Insiders and the CEO's stake
Light activity: $0k bought, no sales in six months.
- BoughtJoseph MillerVP & Controller$221Sep 15, 2026
Leadership and governance on file
- Jul 2, 2026Leadership change8-K 5.02
- Aug 6, 2025Leadership change8-K 5.02
- Jun 10, 2024Leadership change8-K 5.02
- May 21, 2024Leadership change8-K 5.02
- Feb 15, 2024Leadership change8-K 5.02
- Nov 16, 2023Leadership change8-K 5.02
- Oct 19, 2023Leadership change8-K 5.02
Latest shareholder vote results: May 20, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $6.5bn returned to owners in buybacks and dividends, 69182% of net income, and $242.0m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $13.5bn | $15.5bn | $14.5bn | $15.5bn | $17.0bn |
| Net income | $1.3m | $1.7m | $2.5m | $1.8m | $2.0m |
| Stock-based pay | $35.0m | $64.0m | $53.0m | $35.0m | $55.0m |
| Buybacks | $0 | $0 | $1.0bn | $0 | $0 |
| Dividends | $1.0bn | $1.1bn | $1.1bn | $1.1bn | $1.2bn |
| Diluted shares | 349m | 356m | 349m | 347m | 359m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.