Form 4: Constellation Energy Director Acquires Phantom Shares

Charles L. Harrington, a Director at Constellation Energy Corp, acquired 130 phantom share equivalents through a deferred compensation plan.

Summary

• Charles L. Harrington, a Director at Constellation Energy Corp (CEG), acquired 130 phantom share equivalents on March 31, 2026.
• These phantom shares are part of a 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 value of these phantom shares is linked to the company's common stock.
• The filing also notes that approximately 7 additional share equivalents were accrued through dividend reinvestment on March 20, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine transaction related to a director's deferred compensation plan rather than a significant new investment or divestment.

Positives

• Director's continued investment and participation in company stock plans, as indicated by the acquisition of phantom shares.
• Dividend reinvestment suggests ongoing accumulation of equity-like interests.

Risks

• The value of the phantom shares is subject to fluctuations based on the company's stock performance.
• The deferred compensation plan involves cash settlement upon termination, which could be impacted by future company financial health.

Future Outlook

The phantom share equivalents will be settled in cash upon termination of the reporting person's service. The balance of these equivalents may fluctuate due to periodic changes in the fund composition.

Industry Context

StockSavvy.ai notes that insider transactions, such as this acquisition of phantom shares by a director, are common in the energy sector as companies utilize deferred compensation plans to retain and incentivize key personnel. The cash settlement upon termination is a standard feature of such plans.

Stakeholder Impact

• Shareholders: The transaction itself does not directly impact share count or immediate market supply, but it reflects management's long-term commitment and alignment with company performance.
• Employees: The deferred compensation plan structure is a common employee benefit for executives and directors, aimed at retention and incentivization.
• Management: The acquisition reinforces the director's beneficial ownership and alignment with the company's stock performance.

Next Steps

• Cash settlement of phantom share equivalents upon termination of Charles L. Harrington's service.

Key Dates

Keywords

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