Consolidated Edison Management

Management criteria checks 2/4

Consolidated Edison's CEO is Tim Cawley, appointed in Dec 2020, has a tenure of 3.42 years. total yearly compensation is $16.18M, comprised of 8.3% salary and 91.7% bonuses, including company stock and options. directly owns 0.025% of the company’s shares, worth $8.19M. The average tenure of the management team and the board of directors is 4.3 years and 7.9 years respectively.

Key information

Tim Cawley

Chief executive officer

US$16.2m

Total compensation

CEO salary percentage	8.3%
CEO tenure	3.4yrs
CEO ownership	0.03%
Management average tenure	4.3yrs
Board average tenure	7.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Tim Cawley's remuneration changed compared to Consolidated Edison's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$16m	US$1m	US$3b
Sep 30 2023	n/a	n/a	US$2b
Jun 30 2023	n/a	n/a	US$2b
Mar 31 2023	n/a	n/a	US$2b
Dec 31 2022	US$10m	US$1m	US$2b
Sep 30 2022	n/a	n/a	US$2b
Jun 30 2022	n/a	n/a	US$2b
Mar 31 2022	n/a	n/a	US$2b
Dec 31 2021	US$10m	US$1m	US$1b
Sep 30 2021	n/a	n/a	US$1b
Jun 30 2021	n/a	n/a	US$1b
Mar 31 2021	n/a	n/a	US$1b
Dec 31 2020	US$7m	US$745k	US$1b
Sep 30 2020	n/a	n/a	US$1b
Jun 30 2020	n/a	n/a	US$1b
Mar 31 2020	n/a	n/a	US$1b
Dec 31 2019	US$7m	US$629k	US$1b
Sep 30 2019	n/a	n/a	US$1b
Jun 30 2019	n/a	n/a	US$1b
Mar 31 2019	n/a	n/a	US$1b
Dec 31 2018	US$3m	US$611k	US$1b
Sep 30 2018	n/a	n/a	US$2b
Jun 30 2018	n/a	n/a	US$2b
Mar 31 2018	n/a	n/a	US$2b
Dec 31 2017	US$3m	US$421k	US$2b

Compensation vs Market: Tim's total compensation ($USD16.18M) is above average for companies of similar size in the UK market ($USD5.62M).

Compensation vs Earnings: Tim's compensation has increased by more than 20% in the past year.

CEO

Tim Cawley (58 yo)

3.4yrs

Tenure

US$16,176,871

Compensation

Mr. Timothy P. Cawley, also known as Tim, serves as President, Chief Executive Officer and Director at Consolidated Edison, Inc. since December 29, 2020 and serves as its Chairman of the Board since Januar...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Timothy Cawley	Chairman	3.4yrs	US$16.18m	0.025% $ 8.2m
Robert Hoglund	Senior VP & CFO	18.7yrs	US$3.91m	0.013% $ 4.3m
Deneen Donnley	Senior VP & General Counsel	4.3yrs	US$2.76m	0.0056% $ 1.8m
Robert Sanchez	President of Shared Services of Con Edison of New York	less than a year	US$3.60m	0.0041% $ 1.3m
Matthew Ketschke	President of Consolidated Edison Company of New York	3.3yrs	US$4.89m	0.00020% $ 65.5k
Joseph Miller	VP, Controller & Chief Accounting Officer	3.3yrs	no data	0.00037% $ 121.3k
Jan Childress	Director of Investor Relations	25.8yrs	no data	no data
Yukari Saegusa	VP & Treasurer	7.7yrs	no data	0.00059% $ 193.4k
Sylvia Dooley	VP & Corporate Secretary	6.3yrs	no data	no data
Stuart Nachmias	President & CEO of Con Edison Transmission	4.3yrs	no data	0.0019% $ 626.0k
Venetia Lannon	Vice President of Environment	no data	no data	no data
Vicki Kuo	Senior Vice President of Customer Energy Solutions for Consolidated Edison Company of New York	no data	no data	no data

4.3yrs

Average Tenure

58yo

Average Age

Experienced Management: 0I35's management team is considered experienced (4.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Timothy Cawley	Chairman	3.4yrs	US$16.18m	0.025% $ 8.2m
Lewis Sutherland	Independent Director	18.1yrs	US$330.46k	0.0012% $ 380.2k
Ellen Futter	Independent Director	26.4yrs	US$275.00k	0.00068% $ 222.9k
Linda Sanford	Independent Director	9.3yrs	US$290.00k	0.00069% $ 226.1k
John Killian	Independent Director	16.7yrs	US$305.00k	0.0058% $ 1.9m
Armando Olivera	Independent Director	10.3yrs	US$310.00k	0.00014% $ 45.9k
Deirdre Stanley	Independent Director	6.5yrs	US$305.04k	0% $ 0
Karol Mason	Independent Director	3.3yrs	US$276.00k	0% $ 0
Michael Ranger	Independent Lead Director	16.3yrs	US$376.24k	0% $ 0
William Mulrow	Independent Director	6.5yrs	US$281.47k	0.00093% $ 304.8k
Catherine Zoi	Independent Director	less than a year	no data	0% $ 0
Dwight McBride	Independent Director	3.3yrs	US$275.00k	0% $ 0

7.9yrs

Average Tenure

66yo

Average Age

Experienced Board: 0I35's board of directors are considered experienced (7.9 years average tenure).

Consolidated Edison Management

Management criteria checks 2/4

Key information

Recent management updates

Consolidated Edison, Inc., Annual General Meeting, May 20, 2024

Insufficient new directors

Consolidated Edison, Inc. Elects Cathy Zoi to its Board of Directors, Effective February 1, 2024

Consolidated Edison, Inc., Annual General Meeting, May 16, 2022

Non-Independent Non-Executive Director recently sold US$6.3m worth of stock

VP & Treasurer recently sold US$117k worth of stock

Recent updates

Fourth quarter dividend of US$0.83 announced

Consolidated Edison, Inc. Declares Quarterly Dividend, Payable June 14, 2024

Consolidated Edison, Inc. to Report Q1, 2024 Results on May 02, 2024

Consolidated Edison, Inc., Annual General Meeting, May 20, 2024

Full year 2023 earnings released: EPS: US$7.25 (vs US$4.68 in FY 2022)

Upcoming dividend of US$0.83 per share at 3.7% yield

Insufficient new directors

Consolidated Edison, Inc. Declares Quarterly Dividend, Payable on March 15, 2024

Consolidated Edison, Inc. to Report Q4, 2023 Results on Feb 15, 2024

Upcoming dividend of US$0.81 per share at 3.6% yield

Third quarter 2023 earnings released: EPS: US$1.53 (vs US$1.73 in 3Q 2022)

Consolidated Edison, Inc. Elects Cathy Zoi to its Board of Directors, Effective February 1, 2024

Consolidated Edison, Inc. to Report Q3, 2023 Results on Nov 02, 2023

Upcoming dividend of US$0.81 per share at 3.6% yield

Second quarter 2023 earnings released: EPS: US$0.65 (vs US$0.72 in 2Q 2022)

Consolidated Edison, Inc. to Report Q2, 2023 Results on Aug 03, 2023

Upcoming dividend of US$0.81 per share at 3.3% yield

First quarter 2023 earnings released: EPS: US$4.06 (vs US$1.70 in 1Q 2022)

Full year 2022 earnings released: EPS: US$4.68 (vs US$3.86 in FY 2021)

Upcoming dividend of US$0.81 per share at 3.5% yield

Consolidated Edison, Inc. to Report Fiscal Year 2022 Results on Feb 16, 2023

Consolidated Edison, Inc. Declares Common Stock Dividend, Payable March 15, 2023

Upcoming dividend of US$0.79 per share

Third quarter 2022 earnings released: EPS: US$1.73 (vs US$1.52 in 3Q 2021)

Consolidated Edison, Inc. Declares Quarterly Dividend, Payableon December 15, 2022

Consolidated Edison, Inc. to Report Q3, 2022 Results on Nov 03, 2022

RWE Renewables Americas, LLC signed a purchase agreement to acquire Con Edison Clean Energy Businesses, Inc. from Consolidated Edison, Inc. (NYSE:ED) for $6.8 billion.

Upcoming dividend of US$0.79 per share

Consolidated Edison Renewables Unit Reportedly Drawing Interest

Second quarter 2022 earnings released: EPS: US$0.72 (vs US$0.48 in 2Q 2021)

Consolidated Edison, Inc. Declares Common Stock Dividend, Payable on September 15, 2022

Consolidated Edison, Inc. to Report Q2, 2022 Results on Aug 04, 2022

Upcoming dividend of US$0.79 per share

First quarter 2022 earnings released: EPS: US$1.70 (vs US$1.22 in 1Q 2021)

Consolidated Edison, Inc. Declares Quarterly Dividend, Payable on June 15, 2022

Consolidated Edison, Inc. to Report Q1, 2022 Results on May 05, 2022

Consolidated Edison, Inc., Annual General Meeting, May 16, 2022

Non-Independent Non-Executive Director recently sold US$6.3m worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Upcoming dividend of US$0.79 per share

VP & Treasurer recently sold US$117k worth of stock

Upcoming dividend of US$0.78 per share

Third quarter 2021 earnings released: EPS US$1.52 (vs US$1.47 in 3Q 2020)

Upcoming dividend of US$0.78 per share

Second quarter 2021 earnings released: EPS US$0.48 (vs US$0.57 in 2Q 2020)

Consolidated Edison, Inc.(NYSE:ED) dropped from Russell 1000 Dynamic Index

Independent Director has left the company

Upcoming dividend of US$0.78 per share

First quarter 2021 earnings released: EPS US$1.22 (vs US$1.12 in 1Q 2020)

New 90-day low: US$67.10

Full year 2020 earnings released: EPS US$3.29 (vs US$4.09 in FY 2019)

Revenue misses expectations

Upcoming Dividend of US$0.78 Per Share

Consolidated Edison, Inc. to Report Fiscal Year 2020 Results on Feb 18, 2021

Con Edison & 174 Power Global Bringing Large Battery Project to Queens

Consolidated Edison, Inc. and Consolidated Edison Company of New York, Inc. Announce Management Changes

Consolidated Edison, Inc. Announces Executive Changes

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age