Form 4: Exelon Director Cheshire Acquires Additional Deferred Stock Units

Marjorie Rodgers Cheshire, an Exelon director, acquired deferred stock units and phantom share equivalents, increasing her beneficial ownership in the company.

Summary

• On March 31, 2024, Marjorie Rodgers Cheshire, a director of Exelon Corp, acquired 1,131 shares of common stock in the form of deferred stock units at a price of $36.48 per share.
• This acquisition increased her indirect beneficial ownership to 16,226 shares through the Exelon Corp Directors Deferred Stock Unit Plan.
• Additionally, she acquired 329 deferred phantom share equivalents at $37.57, bringing her direct holdings to 5,198.
• The phantom share equivalents will be settled for cash upon termination of her service to the board of directors.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard transaction disclosure. The director's increased holdings could be interpreted positively, but it's not a significant event.

Positives

• The director's increased investment in deferred stock units and phantom share equivalents may signal confidence in Exelon's future performance.

Future Outlook

The document does not contain specific forward-looking statements regarding Exelon's future performance.

Industry Context

This filing is a routine disclosure of a director's transactions in company stock, which is common in the utility industry. It provides transparency into the alignment of interests between management and shareholders.

Comparison to Industry Standards

• Director stock ownership and deferred compensation plans are common across publicly traded utilities like NextEra Energy, Duke Energy, and Southern Company.
• These plans are designed to align the interests of directors with those of long-term shareholders.
• The specific terms and amounts of deferred stock units and phantom share equivalents vary by company and individual director compensation agreements.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals director confidence.
• There is no direct impact on employees, customers, suppliers, or creditors.

Key Dates