Form 4: Constellation Energy EVP Dardis Reports Equity Transactions

Constellation Energy's EVP & General Counsel, David O. Dardis, reported the acquisition and disposition of common stock, restricted stock units, and performance shares.

Summary

• David O. Dardis, EVP & General Counsel, reported multiple transactions involving Constellation Energy Corp (CEG) common stock and derivative securities on February 9, 2026.
• Acquired 31,011 shares of common stock from vested equity awards under the Long-term Incentive Plan (LTIP).
• Disposed of 14,682 shares of common stock at $272.15 to cover tax withholding obligations.
• Disposed of an additional 13,444 shares of common stock at $272.15.
• Converted 4,623 Restricted Stock Units (RSUs) into common stock, which included approximately 43 additional shares from automatic dividend reinvestment since February 10, 2025.
• Acquired 3,638 new Restricted Stock Units (RSUs).
• Acquired and immediately converted 26,387 performance shares from the 2023-2025 LTIP award into common stock.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral-to-slightly positive filing, reflecting routine executive compensation events. The vesting of awards is positive for the executive, but the sale of shares beyond tax withholding is a minor neutral point.

Positives

• Vesting of significant equity awards (31,011 common shares, 26,387 performance shares, 4,623 RSUs converted) indicates successful achievement of performance metrics or tenure.
• Acquisition of new Restricted Stock Units (3,638) suggests continued long-term incentive alignment for the executive.
• Dividend reinvestment on RSUs (approximately 43 shares) demonstrates value accretion from existing awards.

Negatives

• Disposition of 13,444 common shares for reasons other than tax withholding could indicate a desire to diversify holdings or realize gains.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures of insider transactions and do not typically provide broader industry context. These transactions reflect individual executive compensation and investment decisions rather than company-wide strategic shifts or industry trends.

Stakeholder Impact

• Shareholders: The transactions represent routine executive compensation and share management. The sale of shares could slightly increase the float, but the overall impact on share price is likely minimal given the nature of the filing.
• Employees: No direct impact on employees beyond the executive.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions related to executive compensation and share management. It does not contain new material information regarding the company's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. The transactions are expected and reflect the executive's compensation structure.

Keywords

Constellation Energy, CEG, David O. Dardis, Insider Trading, Form 4, Equity Awards, Restricted Stock Units, Performance Shares, Long-term Incentive Plan, Executive Compensation