Form 4: Exelon Director Acquires Phantom Shares

Director Charisse R. Lillie acquired phantom share equivalents in Exelon Corp. as part of a deferred compensation plan.

Summary

• Charisse R. Lillie, a Director at Exelon Corp. (EXC), acquired 5 phantom share equivalents on June 30, 2026.
• These phantom shares are part of a non-qualified deferred compensation plan and are held in the Exelon stock fund account.
• The phantom shares are settled in cash on a 1-for-1 basis upon the termination of Lillie's service to the board.
• The acquisition price for these equivalents was $46.62 per share.
• Following this transaction, Lillie beneficially owns 3,896 shares directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, as it represents an internal transaction within a deferred compensation plan rather than a new purchase of common stock.

Positives

• Director Lillie's acquisition of phantom shares indicates continued commitment and investment in the company's future.
• The accrual of 35 additional phantom shares through dividend reinvestment suggests a growing stake in the company.

Risks

• The value of the phantom shares is tied to Exelon's stock price, meaning a decline in stock value would negatively impact the value of these holdings.
• The deferred compensation plan is non-qualified, which may have different tax implications compared to qualified plans.

Future Outlook

The phantom share equivalents will be settled for cash upon the termination of the reporting person's service to the board of directors, with settlement occurring on a 1-for-1 basis.

Industry Context

StockSavvy.ai notes that insider acquisitions of equity, even in the form of phantom shares within deferred compensation plans, can be interpreted as a signal of confidence by management and directors in the company's long-term prospects within the utility sector.

Stakeholder Impact

• Shareholders: The transaction itself does not directly impact the outstanding share count or immediate market supply, but it reflects a director's ongoing stake and potential future cash payout.

Next Steps

• Settlement of phantom share equivalents for cash upon termination of service to the board of directors.

Key Dates

Keywords

Exelon Corp, EXC, Form 4, Director, Beneficial Ownership, Phantom Shares, Deferred Compensation, Stock Fund, Insider Trading