Form 4: Exelon Director Marjorie Rodgers Cheshire Reports Acquisition of Deferred Stock Units
SEC Form 4 Filing
Director Marjorie Rodgers Cheshire reports acquiring deferred stock units and phantom share equivalents in Exelon Corp.
Summary
- Marjorie Rodgers Cheshire, a director of Exelon Corp, reported acquiring 1,161 shares of common stock in the form of deferred stock units on June 30, 2024, at a price of $35.54 per share.
- This acquisition increased her holdings to 17,560 deferred stock units.
- She also acquired 1,371 deferred phantom share equivalents, bringing her total to 6,628.
- These phantom share equivalents are held in Exelon stock fund account and will be settled for cash upon termination of her service to the board.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard regulatory filing detailing stock transactions by a company director.
Future Outlook
The phantom share equivalents 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
This filing is a routine disclosure of stock ownership changes by a company insider, as required by the SEC. It doesn't necessarily reflect a broader trend in the utility industry but rather individual investment decisions.
Key Dates
| Date | Description |
|---|---|
| 06/30/2024 | Date of transaction for deferred stock units and phantom share equivalents acquisition |
| 07/02/2024 | Date of signature for the Form 4 filing |
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