Form 4: Exelon Director Boosts Deferred Stock Holdings

Exelon Director Charisse R. Lillie acquired additional deferred stock units and phantom share equivalents, increasing her indirect and direct beneficial ownership.

Summary

• Charisse R. Lillie, a Director at Exelon Corp. (EXC), acquired 878 common stock-deferred stock units on March 31, 2026, at a price of $49.82 per unit.
• These deferred stock units are held indirectly through the Exelon Corp. Directors Deferred Stock Unit Plan, bringing her total indirect beneficial ownership to 12,554 units.
• The balance of deferred stock units includes 98 additional shares acquired through automatic dividend reinvestment.
• Lillie also acquired 5 deferred phantom share equivalents on March 31, 2026, at a price of $49.02 per equivalent.
• These phantom share equivalents are held directly in her Exelon stock fund account, part of a multi-fund, non-qualified deferred compensation plan, increasing her direct beneficial ownership to 3,855 equivalents.
• The balance of phantom share equivalents includes 32 additional equivalents accrued through automatic dividend reinvestment.
• Phantom share equivalents will be settled for cash on a 1-for-1 basis upon the termination of Lillie's service to the board of directors.
• Following these transactions, Lillie directly owns 7,246 shares of Common Stock.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive signal, as a director's increased holdings, even through compensation, can imply continued alignment with shareholder interests, though it's a routine transaction rather than a discretionary open-market purchase.

Positives

• A Director increasing their holdings, even through deferred compensation, can signal confidence in the company's future performance.
• The automatic dividend reinvestment for both deferred stock units and phantom share equivalents indicates a compounding growth of the director's stake over time.

Future Outlook

Phantom share equivalents held in the reporting person's Exelon stock fund account will be settled for cash on a 1-for-1 basis upon the termination of the reporting person's service to the board of directors.

Industry Context

StockSavvy.ai notes that routine insider transactions, such as those related to deferred compensation plans for directors, are common in the utility sector. These transactions typically reflect pre-arranged compensation structures rather than discretionary market purchases, and as such, they generally do not indicate a significant shift in broader industry trends or competitive dynamics.

Stakeholder Impact

• Shareholders: The increase in a director's beneficial ownership, even through compensation, aligns the director's interests more closely with shareholders, potentially fostering long-term value creation.

Next Steps

• Settlement of deferred phantom share equivalents for cash upon the termination of the reporting person's service to the board of directors.

Key Dates

Recommendation

This Form 4 filing details a routine acquisition of deferred compensation units by a director. While it shows continued alignment of interests, it does not provide new fundamental information about Exelon's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. It is an expected part of executive compensation.

Keywords

Exelon, EXC, Insider Transaction, Form 4, Deferred Stock Units, Phantom Shares, Director Holdings, Beneficial Ownership, Dividend Reinvestment