Form 4: Exelon Corp Executive Reports Changes in Beneficial Ownership
SEC Form 4
Robert A Kleczynski, SVP, Controller & Tax at Exelon Corp, reports transactions involving common stock and restricted stock units.
Summary
- Robert A Kleczynski, an officer of Exelon Corp, filed a Form 4 detailing changes in beneficial ownership.
- The transactions occurred on February 3, 2025.
- The transactions involved the acquisition and disposition of common stock and derivative securities, specifically restricted stock units (RSUs) and performance shares.
- Kleczynski acquired common stock through the vesting of RSUs and performance shares.
- He also disposed of common stock to cover tax obligations.
- Following the reported transactions, Kleczynski directly owns 27,927 shares of common stock.
- He also holds derivative securities including 6,101 2025 Restricted Stock Units, 5,749 2022-2024 Performance Shares, 22,258 Retention RSUs and 1,736 Deferred phantom share equivalents.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. It provides transparency into the trading activities of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in compliance with SEC regulations.
- Similar filings are made by executives at comparable companies like Duke Energy, Southern Company, and NextEra Energy, reflecting their transactions in company stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
- The vesting of RSUs and performance shares is part of the executive compensation plan, impacting employees.
Key Dates
| Date | Description |
|---|---|
| 02/25/2022 | Date of grant for Retention RSU award under the Exelon LTIP |
| 01/31/2025 | Balance date for phantom share equivalents |
| 02/03/2025 | Date of earliest transaction reported |
| 02/04/2025 | Date of signature for the report |
| 02/25/2025 | Date of cliff vesting for Retention RSU award |
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