EIX EVP/GC Adam Umanoff sells entire 25,619-share position for $2.1M at $83.05; now holds zero shares.
Umanoff divested his complete equity stake in Edison International—a total liquidation of 25,619 shares for $2,127,540.10 at $83.05 per share on October 31, 2024. This full exit is noteworthy because it represents a 100.0% reduction in his holdings and occurred while the stock traded near its 52-week high (currently $81.00, -7.7% from the $87.73 peak). The company's recent fundamentals show revenue of $5,201,000,000.00 and net income of $577,000,000.00, though annual revenue contracted 5.1% year-over-year. The timing of a complete divestment by a senior executive (Executive Vice President, General Counsel and Corporate Secretary) warrants scrutiny into the underlying business rationale and capital allocation strategy.