---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-071602"
form_type: "8-K"
ticker: "ED"
cik: "0001047862"
company_name: "CONSOLIDATED EDISON INC"
filed_at: "2026-02-25T23:59:59+00:00"
generated_at: "2026-05-16T00:02:56.375193+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Con Edison enters forward sale agreement for 7M shares at $110.81 via JPMorgan

## Summary
- Forward sale agreement with JPMorgan covers 7,000,000 Common Shares at initial forward price of $110.81 per share.
- Settlement expected by December 31, 2026; Con Edison can elect early physical, cash, or net share settlement.
- Forward purchaser may accelerate settlement under certain conditions (e.g., inability to borrow shares, regulatory ownership limits).
- If physically settled, Con Edison will issue new shares, causing dilution to earnings per share and return on equity.
- Underwriting agreement also entered with J.P. Morgan Securities for the concurrent sale of the same 7,000,000 shares.

## SEC filing metadata
- accession: 0001193125-26-071602
- form_type: 8-K
- ticker: ED
- cik: 0001047862
- company_name: CONSOLIDATED EDISON INC
- filed_at: 2026-02-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1047862/000119312526071602/0001193125-26-071602-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1047862/000119312526071602/d741444d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-071602
- JSON: https://secwatch.observer/filing/0001193125-26-071602.json
- Plain text: https://secwatch.observer/filing/0001193125-26-071602.txt

## Key facts
- Material Agreements
  CONSOLIDATED EDISON INC entered into Forward Sale Agreement with JPMorgan Chase Bank, National Association valued at 7,000,000 of Con Edison’s Common Shares (effective 2026-02-23).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: JPMorgan Chase Bank, National Association
  - Value: 7,000,000 of Con Edison’s Common Shares
  - Effective: 2026-02-23
  source text: On February 23, 2026, Consolidated Edison, Inc. (“Con Edison”) entered into a forward sale agreement (the “Forward Sale Agreement”) with JPMorgan Chase Bank, National Association (the “Forward Purchaser”) relating to 7,000,000 of Con Edison’s Common Shares
  evidence_url: https://www.sec.gov/Archives/edgar/data/1047862/000119312526071602/0001193125-26-071602-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.