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Timothy Cawley is the President and CEO of Consolidated Edison, Inc., a major utility company known for its electricity and gas services. He took over these roles on January 1, 2021, after rising through the ranks at the company since...

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Timothy Cawley

CEO of Consolidated Edison

Education

Not specified

Sector of Economy

Utilities

Born

January 1, 1965 - 60 years ago

CEO of Consolidated Edison for

4 years 3 months (Jan 2021 - Present)

Previous Experience

President and Chief Executive Officer of Orange and Rockland Utilities, Inc.

Holdings

See how much did Timothy Cawley make over time.

As of late 2023, Timothy Cawley has been active in trading company stocks over several years. His trading peaked in early 2024 when he sold shares worth around $8.99 million. This follows a progressive increase in his holdings, which grew...

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Insider Trading

See recent insider trades of Timothy Cawley.

ED

$2.32K

ED at $94.40/share

Apr 30, 2024

Purchase

ED

$7.24K

ED at $90.81/share

Mar 29, 2024

Purchase

ED

$2.32K

ED at $87.21/share

Feb 29, 2024

Purchase

ED

$2.32K

ED at $90.90/share

Jan 31, 2024

Purchase

ED

$7.00K

ED at $90.97/share

Dec 29, 2023

Purchase

ED

$2.32K

ED at $90.11/share

Nov 30, 2023

Purchase

ED

$2.32K

ED at $87.79/share

Oct 31, 2023

Purchase

ED

$6.89K

ED at $85.53/share

Sep 29, 2023

Purchase

ED

$2.32K

ED at $88.96/share

Aug 31, 2023

Purchase

ED

$2.32K

ED at $94.86/share

Jul 31, 2023

Purchase

Compensation History

See how much did Timothy Cawley make over time.

In 2023, Timothy Cawley received a total compensation package of over $10.3 million, marking a significant increase from the previous year. This total includes a base salary of approximately $1.35 million, alongside a performance bonus of around $2.26 million. The majority of his earnings came from the value of over 130,000 shares in performance-based stock units that vested, valued at around $86.67 per share. This model emphasizes the company's pay-for-performance approach, tying his earnings directly to the company’s success. Additionally, Cawley's compensation plan is designed to attract and retain talented executives while promoting operational efficiency and accountability, reflecting his commitment to driving value for shareholders.

Year

2023

Total Compensation

$15.12M

Salary

$1.35M

Board Justification

The compensation program aims to attract and retain key executives, motivate them to create value for stockholders, and promote safe and efficient service.

Bonus

$2.26M

Board Justification

Annual cash incentive based on performance against financial and operational objectives for 2023.

Other

$79.60K

Board Justification

Includes personal use of company vehicle, financial planning, and matching contributions to retirement plans.

Restricted Stock

$11.43M(131.87K RSU)

Board Justification

Performance-based restricted stock units vested for the 2021-2023 performance period, valued at $86.67 per share at the time of vesting.

Performance Metrics

Performance metrics include adjusted net income, operating objectives, and other financial performance measures.

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