secwatch.observer — SEC 8-K summary
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Issuer:     CONSOLIDATED EDISON INC (ED)
CIK:        0001047862
Form:       8-K
Filed at:   2026-02-25T23:59:59+00:00
Accession:  0001193125-26-071602
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1047862/000119312526071602/0001193125-26-071602-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1047862/000119312526071602/d741444d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-071602

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