secwatch.observer — SEC 8-K summary
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Issuer:     CONSOLIDATED EDISON INC (ED)
CIK:        0001047862
Form:       8-K
Filed at:   2023-03-07T23:59:59+00:00
Accession:  0001193125-23-062131
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Con Edison announces $1B accelerated share repurchase, funded by Clean Energy Business sale
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- Entered accelerated share repurchase agreements with Citibank and Bank of America to repurchase $1B in common shares.
- Funding from proceeds of sale of Con Edison Clean Energy Businesses; initial delivery of ~8.7 million shares on March 7, 2023.
- Final share count based on volume-weighted average price less discount; settlement expected by Q3 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1047862/000119312523062131/0001193125-23-062131-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1047862/000119312523062131/d472749d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-062131

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer