The company said stockholders approved the amended and restated Stock Purchase Plan on May 20, 2024 at its annual meeting. Votes for were 225,598,691, votes against were 2,204,970, and abstentions were 971,555.

1. 01

   The company said stockholders approved the amended and restated Stock Purchase Plan on May 20, 2024 at its annual meeting. Votes for were 225,598,691, votes against were 2,204,970, and abstentions were 971,555.

2. 02

   Under the Stock Purchase Plan, Con Edison said eligible participants other than non-employee directors may contribute up to 20% of their base pay through payroll deductions, subject to an annual limit of $25,000. The company said its matching contribution is $1 for each $9 invested, with an annual maximum of $2,778.

3. 03

   The company said the plan has a share issuance limit of 10,000,000 shares and that the potential dilution compared with the 345,510,031 shares outstanding as of January 31, 2024 is 2.9%. The company said the dilution figure is a forward-looking statement.

4. 04

   The company said participants in the Expiring Stock Purchase Plan bought 751,702 shares in 2023 for $69.0 million. The company said that if the new plan is approved by stockholders at the annual meeting, it will remain in operation until May 20, 2034.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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