Form 4: Exelon Director Anna Richo Boosts Equity Holdings Through Deferred Compensation Plans

Exelon Corp. Director Anna Richo reported an increase in her beneficial ownership through the acquisition of 954 deferred stock units and 719 deferred phantom share equivalents.

Summary

• Anna Richo, a Director of Exelon Corp. (EXC), reported changes in her beneficial ownership.
• Acquired 954 common stock deferred stock units at $43.25 per unit on June 30, 2025, bringing her indirect beneficial ownership to 8,320 units.
• This balance includes 68 additional shares acquired through automatic dividend reinvestment.
• Acquired 719 deferred phantom share equivalents at $43.42 per equivalent on June 30, 2025, bringing her direct beneficial ownership to 6,334 equivalents.
• This balance includes 50 additional phantom share equivalents accrued to the account by the plan administrator on the ex-dividend date.
• Phantom share equivalents are held in a multi-fund, non-qualified deferred compensation plan and will be settled for cash on a 1-for-1 basis upon the termination of service to the board.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 7

Explanation: The acquisition of additional equity by a director, even if part of a compensation plan, generally indicates confidence in the company's prospects and aligns management interests with shareholders. This is a routine, positive signal.

Positives

• Director Anna Richo increased her beneficial ownership in Exelon Corp., signaling continued alignment with shareholder interests.
• The acquisition of deferred stock units and phantom share equivalents demonstrates ongoing compensation and retention of a key board member.
• Inclusion of dividend reinvestment indicates a long-term holding strategy for some of the equity.

Future Outlook

This Form 4 primarily reports past transactions and does not contain forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 reports an individual director's equity transactions and does not provide broader industry context or trends. However, insider acquisitions, even through compensation plans, can be viewed as a positive signal of confidence in the company's future within its sector.

Related Party Transactions

• Acquisition of common stock deferred stock units and deferred phantom share equivalents through company-sponsored plans (Exelon Corp. Directors Deferred Stock Unit Plan and a multi-fund, non-qualified deferred compensation plan) for Director Anna Richo.

Stakeholder Impact

• Shareholders: Increased alignment of a director's interests with shareholders due to increased equity ownership.

Key Dates

Keywords

Exelon Corp, EXC, Anna Richo, Form 4, insider trading, beneficial ownership, deferred stock units, phantom shares, director, SEC filing, equity acquisition, Rule 10b5-1