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Consolidated Edison Executive Compensation (FY25)

ED · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): May 20, 2026
220 figures on this page: 213 cited to the filing that reported them, 7 calculated from figures it prints. See the citations
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, and Cawley's total moved 32.8% higher from the $14,984,213 reported for fiscal 2024. Meanwhile, the disclosed chief executive pay ratio for fiscal 2025 is 96:1, against median employee compensation of $207,199. Separately, 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. The disclosed peer group names Ameren Corporation, American Electric Power Company, Inc., CenterPoint Energy, Inc., CMS Energy Corporation and Dominion Energy, Inc., among others.
Chief executive, fiscal 2025
◇
Timothy Cawley
Latest say-on-pay support
=
May 18, 2026
Chief executive pay ratio
◇
To the median employee
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 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
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
◇—◇—◇◇◇◇
Deneen Donnley
Senior Vice President and General Counsel of the Company and Con Edison of New York
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
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
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
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
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Deneen DonnleyPSU◇◇◇—◇—◇
Kamran ZiaeePSU◇◇◇—◇—◇
Kirkland AndrewsPSU◇◇◇—◇—◇
Matthew KetschkePSU◇◇◇—◇—◇
Timothy P. CawleyPSU◇◇◇—◇—◇
Fiscal 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
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Kirkland AndrewsPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Timothy CawleyPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Deneen DonnleyPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Kamran ZiaeePSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
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.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 18, 2026=◇◇◇
2024May 19, 2025=◇◇◇
2023May 20, 2024=◇◇◇
2022May 15, 2023=◇◇◇
2021May 16, 2022=◇◇◇
2020May 17, 2021=◇◇◇
2019May 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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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 — $1,500
Written 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 — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable 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 Intelligence
Adviser 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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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
220 figures on this page: 213 cited to the filing that reported them, 7 calculated from figures it prints.
213 cited to the filing
7 calculated from the filing

Documents cited

  1. 0001193125-26-232621
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001047862-26-000078
    Director Compensation · Director Compensation Table · Grants of Plan-Based Awards Table · Outstanding Equity Awards Table · and 2 more sections
  3. 0001193125-25-123990
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001047862-25-000032
    Summary Compensation Table
  5. 0001193125-24-143920
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001140361-24-019096
    SUMMARY COMPENSATION TABLE
  7. 0001047862-23-000124
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001047862-22-000150
  9. 0001047862-21-000140
  10. 0001047862-20-000111
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Velarion, “Consolidated Edison executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/ED (accessed 2026).
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Utilities rankings

Chief executive pay — UtilitiesCEO pay ratio — UtilitiesSay-on-pay support — Utilities

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

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
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}
}
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