Form 4: Constellation Energy Director Acquires Phantom Shares

Constellation Energy Corp. Director Charles L. Harrington acquired 146 phantom share equivalents on June 30, 2026, as part of a deferred compensation plan.

Summary

• Charles L. Harrington, a Director at Constellation Energy Corp., acquired 146 phantom share equivalents on June 30, 2026.
• These phantom shares are part of a non-qualified deferred compensation plan and will be settled in cash upon termination of service.
• The acquisition was made through the reporting person's Constellation Energy Corporation stock fund account.
• The balance of phantom share equivalents can fluctuate based on fund composition and dividend reinvestment.
• Approximately 8 share equivalents were accrued through dividend reinvestment on June 5, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It reports a routine transaction related to a director's deferred compensation plan, which does not inherently signal a positive or negative outlook for the company's stock.

Positives

• Director's continued investment and participation in company stock funds through deferred compensation plans.
• Dividend reinvestment indicates ongoing accumulation of value within the deferred compensation plan.

Risks

• The value of phantom share equivalents is subject to fluctuations in the fund's composition.
• Settlement is in cash upon termination of service, meaning no direct equity ownership is gained until that point.

Future Outlook

The filing does not contain forward-looking statements or guidance. It reports a transaction that occurred on June 30, 2026.

Industry Context

StockSavvy.ai notes that Form 4 filings, like this one from Constellation Energy Corp. (CEG), are standard disclosures for insider transactions. These filings provide transparency into the holdings and transactions of company directors and officers, which can be a signal to the market, though this specific transaction involves phantom shares within a deferred compensation plan rather than direct stock purchases.

Stakeholder Impact

• Shareholders: Increased transparency into director compensation and benefit plans. The transaction itself does not directly impact share count or immediate ownership.
• Employees: The deferred compensation plan structure may be a model for other employee benefit programs.
• Management: Demonstrates adherence to SEC reporting requirements for beneficial ownership changes.

Next Steps

• The phantom share equivalents will be settled in cash upon termination of the reporting person's service.

Key Dates

Keywords

Constellation Energy Corp, CEG, Form 4, Insider Trading, Deferred Compensation, Phantom Shares, Director, SEC Filing