Utilities
Consolidated Edison Executive Compensation (FY25)
ED · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025 ◇ Timothy Cawley | Latest say-on-pay support = May 18, 2026 | Chief executive pay ratio ◇ To the median employee |
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Data as of October 18, 2026Latest filing (8-K): May 20, 2026
11 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
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279 figures on this page: 272 cited to the filing that reported them, 7 calculated from figures it prints. See the citations
More on Consolidated Edison
Five data products on this company. Each one is requested through the developer setup page.
- Peer Disclosure Audit$5The comparison companies this board named, each one tied to the filing that lists it.How to get Peer Disclosure Audit
- Governance Provisions PullfreeThe governance provisions as the proxy states them: board leadership, committee membership, and shareholder rights.How to get Governance Provisions Pull
- Say-on-Pay Risk Signal$9A risk band for the next say-on-pay vote, with the support history and the peer comparison behind it.How to get Say-on-Pay Risk Signal
- NEO Comp Report$24Every named executive officer’s pay by element and year, with the citation behind each figure.How to get NEO Comp Report
- Board Comp Report$24What each non-employee director was paid, the standing fee schedule, and the equity each one holds at year end.How to get Board Comp Report
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Timothy Cawley: $14,984,213 → $19,899,971 (32.8% higher)
Say-on-pay support: 92.8% → 92.5% (0.3 points lower)
CEO pay ratio: 116:1 → 96:1 (17.2% lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is Consolidated Edison's chief executive and what were they paid?
Timothy Cawley was paid $19,899,971 in total compensation as President and Chief Executive Officer of the Company and Chief Executive Officer, Con Edison of New York for fiscal 2025. Cawley's total moved 32.8% higher from the $14,984,213 reported for fiscal 2024.
What was Consolidated Edison's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 92.5% of votes cast for or against in favor at the meeting held May 18, 2026.
Which companies are in Consolidated Edison's peer group?
The disclosed peer group names Ameren Corporation, American Electric Power Company, Inc., CenterPoint Energy, Inc., CMS Energy Corporation and Dominion Energy, Inc., among others.
What is Consolidated Edison's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 96:1, against median employee compensation of $207,199.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Timothy Cawley President and Chief Executive Officer of the Company and Chief Executive Officer, Con Edison of New York | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Robert Hoglund Senior Vice President and Chief Financial Officer of the Company and Con Edison of New York | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Matthew Ketschke President, Con Edison of New York | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Deneen Donnley Senior Vice President and General Counsel of the Company and Con Edison of New York | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Robert Sanchez President and Chief Executive Officer, Orange & Rockland | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Timothy Cawley President and Chief Executive Officer of the Company and Chief Executive Officer, Con Edison of New York | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Matthew Ketschke President, Con Edison of New York | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Mark Noyes Former President and Chief Executive Officer of the Clean Energy Businesses Departed during or after this year | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Robert Hoglund Senior Vice President and Chief Financial Officer of the Company and Con Edison of New York | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Robert Sanchez President and Chief Executive Officer, Orange & Rockland (until April 1, 2024) | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Deneen Donnley Senior Vice President and General Counsel of the Company and Con Edison of New York | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Timothy Cawley President and Chief Executive Officer of the Company and Chief Executive Officer, Con Edison of New York | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Kirkland Andrews Senior Vice President and Chief Financial Officer of the Company and Con Edison of New York | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Matthew Ketschke President, Con Edison of New York | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Robert Hoglund Former Senior Vice President and Chief Financial Officer of the Company and Con Edison of New York Departed during or after this year | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Deneen Donnley Senior Vice President and General Counsel of the Company and Con Edison of New York | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Robert Sanchez President, Shared Services, Con Edison of New York | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Timothy Cawley President and Chief Executive Officer of the Company and Chief Executive Officer, Con Edison of New York | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Matthew Ketschke President, Con Edison of New York | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Kirkland Andrews Senior Vice President and Chief Financial Officer of the Company and Con Edison of New York | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Kamran Ziaee Senior Vice President and Chief Information Officer, Con Edison of New York | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Deneen Donnley Senior Vice President and General Counsel of the Company and Con Edison of New York | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Deneen Donnley | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Deneen Donnley | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Kamran Ziaee | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Kamran Ziaee | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Kirkland Andrews | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Kirkland Andrews | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Matthew Ketschke | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Matthew Ketschke | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Timothy P. Cawley | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Timothy P. Cawley | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Kirkland Andrews | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Timothy Cawley | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Deneen Donnley | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Kamran Ziaee | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Severance and change in control
The terms as written in the agreements.
Timothy Cawley
President and Chief Executive Officer of the Company and Chief Executive Officer, Con Edison of New York · Terms as described in the company’s compensation discussion · citing a 2026 filing
| Excise tax treatment | ◇ |
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Michael W. Ranger Lead independent director | ◇ | ◇ | — | — | — | ◇ | ◇ |
L. Frederick Sutherland | ◇ | ◇ | — | — | — | ◇ | ◇ |
Deirdre Stanley | ◇ | ◇ | — | — | — | ◇ | ◇ |
John F. Killian | ◇ | ◇ | — | — | — | — | ◇ |
Linda S. Sanford | ◇ | ◇ | — | — | — | — | ◇ |
Catherine Zoi | ◇ | ◇ | — | — | — | — | ◇ |
William J. Mulrow | ◇ | ◇ | — | — | — | ◇ | ◇ |
Dwight A. McBride | ◇ | ◇ | — | — | — | ◇ | ◇ |
Karol Mason | ◇ | ◇ | — | — | — | ◇ | ◇ |
Armando J. Olivera | ◇ | ◇ | — | — | — | ◇ | ◇ |
Ellen V. Futter | ◇ | ◇ | — | — | — | ◇ | ◇ |
Brendan Cavanagh | ◇ | ◇ | — | — | — | — | ◇ |
Timothy P. Cawley served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Lead independent director premium | ◇ |
| Audit committee chair | ◇ |
| Compensation committee chair | ◇ |
| Nominating and governance chair | ◇ |
Equity is delivered as Deferred Stock Units.
Stock ownership guideline: 5x annual retainer
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Ameren Corporation AEE
- American Electric Power Company, Inc. AEP
- CenterPoint Energy, Inc. CNP
- CMS Energy Corporation CMS
- Dominion Energy, Inc. D
- DTE Energy Company DTE
- Duke Energy Corporation DUK
- Edison International EIX
- Entergy Corporation ETR
- Eversource Energy ES
- Exelon Corporation EXC
- First Energy Corp FE
- PG&E Corporation PCG
- PPL Corporation PPL
- Public Service Enterprise Group Incorporated PEG
- Sempra SRE
- The Southern Company SO
- WEC Energy Group, Inc. WEC
- Xcel Energy Inc. XEL
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 18, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 19, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 20, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 15, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 16, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | May 17, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | May 18, 2020 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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- Timothy Cawley (President and Chief Executive Officer of the Company and Chief Executive Officer, Con Edison of New York), FY2025 total compensation $19,899,971 (base salary $1,445,833) [exec_comp, SEC accession 0001047862-26-000078, filed 2026-04-08]What this page does not include
Everything above is a fact Consolidated Edison disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Consolidated Edison sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
279 figures on this page: 272 cited to the filing that reported them, 7 calculated from figures it prints.
272 cited to the filing
7 calculated from the filing
Documents cited
- 0001193125-26-232621Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001047862-26-000078Compensation Discussion and Analysis · Director Compensation · Director Compensation Table · Grants of Plan-Based Awards Table · and 3 more sections
- 0001193125-25-123990Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001047862-25-000032Summary Compensation Table
- 0001193125-24-143920Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001140361-24-019096Summary Compensation Table
- 0001047862-23-000124Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-23-089536Summary Compensation Table
- 0001047862-22-000150
- 0001047862-21-000140
- 0001047862-20-000111
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Consolidated Edison executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/ED (accessed 2026).
Short form: data: Velarion
The paid brief for Consolidated Edison
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
11 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
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Utilities rankings
Peers Consolidated Edison discloses
The companies named in ED's own disclosed peer group.
Ameren CorporationAmerican Electric Power Company, Inc.CenterPoint Energy, Inc.CMS Energy CorporationDominion Energy, Inc.DTE Energy CompanyDuke Energy CorporationEdison InternationalEntergy CorporationEversource EnergyExelon CorporationFirst Energy CorpPG&E CorporationPPL CorporationPublic Service Enterprise Group IncorporatedSempraThe Southern CompanyWEC Energy Group, Inc.Xcel Energy Inc.
Terms on this page
Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}