Consolidated Edison (ED) executive compensation, 2026 proxy

Timothy P. Cawley, President and Chief Executive Officer of the Company and Chief Executive Officer, Con Edison of New York, was paid $19.9M in 2025, up 33% from $15M the year before. The CEO-to-median-employee pay ratio was 96:1, on median employee pay of $207,199.

Filed
April 8, 2026
Annual meeting
May 18, 2026
Pay year
2025
Named executives
5
CEO total pay
$19.9M+33% vs prior year
CEO to median employee
96:1median $207,199
CEO pay in equity
49%$9.8M in awards
Prior say-on-pay support
93%of votes cast
CEO Target Bonus
$1,957,500As stated in Grants of Plan-Based Awards
CEO Stock Awards
$9,773,900Reported in Summary Compensation Table
Median Employee Pay
$207,199Used for pay ratio calculation
Say-on-Pay Support
92.78%Support received at 2025 annual meeting

How Cawley was paid

$19.9M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary7%Stock awards49%Non-equity incentive14%Pension and deferred comp29%All other compensation1%

Named executive officers

ExecutiveTotal
Timothy P. CawleyPresident and Chief Executive Officer of the Company and Chief Executive Officer, Con Edison of New York$19,899,971
Kirkland AndrewsSenior Vice President and Chief Financial Officer of the Company and Con Edison of New York$3,883,570
Matthew KetschkePresident, Con Edison of New York$6,472,909
Kamran ZiaeeSenior Vice President and Chief Information Officer, Con Edison of New York$3,794,202
Deneen L. DonnleySenior Vice President and General Counsel of the Company and Con Edison of New York$3,308,968

What changed and why

  • $19.9MChief Executive Officer total compensation increased to $19,899,971 in fiscal year 2025.
  • Annual incentive awards were determined under the annual incentive plan based on established performance objectives.
  • Stock awards for Named Executive Officers include both time-based and performance-based units.
  • The company maintains robust anti-hedging and clawback policies for executive compensation.
  • 92.78%The advisory vote on executive compensation received 92.78 percent stockholder support in 2025.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.