Form 4: Constellation Energy Director Charles Harrington Reports Acquisition of Phantom Share Equivalents

Director Charles Harrington reports the acquisition of 205 phantom share equivalents in Constellation Energy Corp's stock fund account as part of a deferred compensation plan.

Summary

• Charles Harrington, a director of Constellation Energy Corp, filed a Form 4 on April 02, 2025.
• The report details the acquisition of 205 phantom share equivalents on March 31, 2025.
• These equivalents were acquired through the Constellation Energy Corporation stock fund account, which is part of a non-qualified deferred compensation plan.
• The phantom share equivalents will be settled in cash on a 1-for-1 basis upon the termination of Harrington's service.
• The price of the phantom share equivalents was $201.63.
• Following the reported transaction, Harrington beneficially owns 4,668 derivative securities.
• The balance of phantom share equivalents may fluctuate due to periodic changes in the fund composition and dividend reinvestment.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing indicating a director's participation in a deferred compensation plan. It doesn't contain any particularly positive or negative news, but the director's continued investment in the company is a mildly positive signal.

Positives

• The acquisition of phantom share equivalents aligns the director's interests with the long-term performance of Constellation Energy.
• The deferred compensation plan provides a tax-advantaged way for the director to save for retirement.

Future Outlook

The phantom share equivalents will be settled in cash upon termination of the reporting person's service, with the balance subject to fluctuations based on fund composition and dividend reinvestment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's participation in a deferred compensation plan, which is a common practice among publicly traded companies.

Stakeholder Impact

• The acquisition of phantom share equivalents by a director can signal confidence in the company's future performance to shareholders.

Key Dates

Keywords

Form 4, Constellation Energy, Charles Harrington, Phantom Share Equivalents, Deferred Compensation, Director, CEG