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CONSOLIDATED EDISON INC

For the period ended Apr 8, 2026. Filed Apr 8, 2026.

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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.

Apr 8, 2026 · Filed Apr 8, 2026

ED$118.56-2.4%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934 (Amendment No. )

Filed by Registrant ☑

Filed by Party other than the Registrant ☐

Check the appropriate box:

☐ Preliminary Proxy Statement

☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

☑ Definitive Proxy Statement

☐ Definitive Additional Materials

☐ Soliciting Material Pursuant to §240.14a-12

Consolidated Edison, Inc.

(Name of Registrant as Specified in Its Charter)

Payment of Filing Fee (Check the appropriate box):

☑ No fee required.

☐ Fee paid previously with preliminary materials.

☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rule 14a-6(i)(1) and 0-11.

Consolidated Edison, Inc.4 Irving Place, New York, NY 10003Dated: April 8, 2026

Chairman of the Board

Chief Executive Officer

Dear Stockholders:

The Annual Meeting of Stockholders of Consolidated Edison, Inc. with the Board of Directors and the Company’s management is scheduled for Monday, May 18, 2026, at 10:00 a.m., Eastern Daylight Time, remotely by visitingwww.virtualshareholdermeeting.com/ED2026. We encourage stockholders to log into the virtual meeting by following the instructions provided in the proxy materials. The virtual meeting offers the same participation opportunities as an in-person meeting.

The accompanying Proxy Statement, provided to stockholders on or about April 8, 2026, contains information about matters to be considered at the Annual Meeting. At the Annual Meeting, stockholders will be asked to vote on the election of Directors, to ratify the appointment of independent accountants for 2026, and to approve, on an advisory basis, named executive officer compensation. We encourage you to vote in advance of the Annual Meeting, even if you plan to attend.

Based on stockholders’ and our experiences at our recent annual stockholder meetings, held virtually, we believe our virtual meeting format offers stockholders the same opportunities to participate as an in-person meeting and allows us to provide consistent opportunities for engagement to all stockholders, regardless of their geographic location. Therefore, we plan to hold the 2026 Annual Meeting by means of remote communications only.

Sincerely,

Consolidated Edison, Inc.4 Irving Place, New York, NY 10003Dated: April 8, 2026

Notice of Annual Meeting of Stockholders

Monday, May 18, 2026 at 10:00 a.m., Eastern Daylight TimeVirtual Annual Meeting Website Address: www.virtualshareholdermeeting.com/ED2026

Please see the 16-digit voting control number that can be found on your voting instruction form, Notice of Internet Availability of proxy materials or email, as applicable, provided with your proxy materials to access the virtual Annual Meeting website.

Location:The 2026 Annual Meeting will be held by means of remote communications only. Based on stockholders’ and our experiences at our recent annual stockholder meetings, held virtually, we believe our virtual meeting format offers stockholders the same opportunities to participate as an in-person meeting and allows us to provide consistent opportunities for engagement to all stockholders regardless of their geographic location. Therefore, we plan to hold the 2026 Annual Meeting by means of remote communications only.
Items of Business:a.To elect as the members of the Board of Directors the eleven nominees named in the Proxy Statement (attached hereto and incorporated herein by reference); b.To ratify the appointment of PricewaterhouseCoopers LLP as independent accountants for 2026; c.To approve, on an advisory basis, named executive officer compensation; and d.To transact such other business as may properly come before the meeting, or any adjournment or postponement of the meeting.

By Order of the Board of Directors,

Sylvia V. Dooley

Vice President and Corporate Secretary

IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE STOCKHOLDERS’ MEETING TO BE HELD ON MONDAY, MAY 18, 2026. THE COMPANY’S PROXY STATEMENT AND ANNUAL REPORT, PROVIDED TO STOCKHOLDERS ON OR ABOUT APRIL 8, 2026, ARE AVAILABLE ATWWW.CONEDISON.COM/EN/INVESTORS/SHAREHOLDER-SERVICES

IMPORTANT! Whether or not you plan to attend the meeting, we urge you to vote your shares of Company Common Stock by telephone, by internet, or by completing and returning a proxy card or a voter instruction form, so that your shares will be represented at the Annual Meeting.

Table of Contents

SUMMARY
Proxy Statement Summary1
▪2026 Annual Meeting of Stockholders (“Annual Meeting”)1
▪Stockholder Voting Matters2
▪Corporate Governance Practices4
▪Compensation Policies and Governance Practices7
PROXY STATEMENT
Election of Directors8
▪Proposal No. 1 Election of Directors8
▪Information About the Director Nominees9
▪Skills and Experience of Director Nominees10
The Board of Directors18
▪Meetings and Board Members’ Attendance18
▪Corporate Governance18
▪Leadership Structure18
▪Risk Oversight19
▪Cybersecurity Risk Oversight19
▪Corporate Sustainability20
▪Human Capital21
▪Proxy Access23
▪Related Person Transactions Policy23
▪Board Members’ Independence24
▪Standing Committees of the Board25
▪Selection of Director Candidates30
▪Compensation Consultant31
▪Communications With the Board of Directors31
Stockholder Engagement32
▪Overview32
▪Stockholder Engagement Highlights33
Director Compensation34
▪Overview34
▪Elements of Compensation34
▪Stock Ownership Guidelines35
▪Long Term Incentive Plan35
▪Stock Purchase Plan35
▪Director Compensation Table36
Stock Ownership37
▪Stock Ownership of Directors and Executive Officers37
▪Stock Ownership of Certain Beneficial Owners38
Independent Accountants Ratification39
▪Proposal No. 2 Ratification of the Appointment of Independent Accountants39
▪Fees Paid to PricewaterhouseCoopers LLP39
Audit Committee Matters40
▪Audit Committee Report40
Advisory Vote41
▪Proposal No. 3 Advisory Vote to Approve Named Executive Officer Compensation41
Compensation Discussion and Analysis42
▪Table of Contents42
▪Introduction43
▪Executive Summary44
▪Executive Compensation Philosophy and Objectives47
▪Role of Compensation Committee and Others in Determining Executive Compensation52
▪Compensation Elements53
▪Retirement and Other Benefits69
▪Risk Mitigation71
▪Tax Deductibility of Pay72
Summary Compensation Table73
Grants of Plan-Based Awards Table75
Outstanding Equity Awards Table76
Option Exercises and Stock Vested Table77
Pension Benefits78
▪Pension Plan Benefits78
▪Defined Benefit Pension Table79
Non-Qualified Deferred Compensation80
▪Deferred Income Plan80
▪Savings Plan80
▪Non-Qualified Deferred Compensation Table81
Potential Payments Upon Termination of Employment or Change in Control83
▪Equity Acceleration84
▪Incremental Retirement Amounts85
▪Termination Without Cause or a Resignation for Good Reason85
▪Payments Upon Termination of Employment in Connection With a Change in Control85
▪Section 280G Reduction86
▪Death Benefit86
Compensation Committee Report87
Compensation Risk Management88
Pay Ratio89
Pay Versus Performance90
Delinquent Section 16(a) Reports94
Certain Information as to Insurance and Indemnification94
Questions and Answers About the 2026 Annual Meeting and Voting95
▪Proxy Materials95
▪Voting and Related Matters96
▪Annual Meeting Information97
Stockholder Proposals for the 2027 Annual Meeting99
▪Proposals for Inclusion in 2027 Proxy Statement99
▪Director Nominations for Inclusion in 2027 Proxy Statement (Proxy Access)99
▪Other Proposals or Nominations to Come Before the 2027 Annual Meeting99
Other Matters to Come Before the Meeting100
Appendix A Reconciliation of Non-GAAP Financial MeasuresA-1

Forward-Looking Statements

This Proxy Statement contains forward-looking statements that are intended to qualify for the safe-harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements are statements of future expectations and not facts. Words such as “forecasts,” “expects,” “estimates,” “anticipates,” “intends,” “believes,” “plans,” “will,” "target," "guidance," "potential," "goal," "consider" and similar expressions identify forward-looking statements. The forward-looking statements reflect information available and assumptions at the time the statements are made and speak only as of that time. Actual results or developments might differ materially from those included in the forward-looking statements because of various factors including, but not limited to, those discussed under “Risk Factors,” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025.

Non-GAAP Financial Measures

The materials herein include a discussion of adjusted earnings and adjusted earnings per share, which are financial measures that are not determined in accordance with generally accepted accounting principles in the United States of America (GAAP). Please refer to the table set forth in Appendix A for a reconciliation of the Company's reported net income for common stock to adjusted earnings and reported earnings per share to adjusted earnings per share.

ContentsView on SEC.gov

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