Form 4: Exelon Director Marjorie Rodgers Cheshire Reports Stock and Phantom Share Acquisitions

Director Marjorie Rodgers Cheshire acquired additional Exelon stock and phantom share equivalents through a deferred stock unit plan.

Summary

• Marjorie Rodgers Cheshire, a director at Exelon Corp, reported acquiring 1,119 shares of common stock through a deferred stock unit plan on December 31, 2024.
• These shares were acquired at a price of $36.87 per share.
• Additionally, Ms. Cheshire acquired 329 deferred phantom share equivalents, which are settled for cash upon termination of her service to the board.
• The phantom share equivalents are valued at $37.64 each.
• The report also indicates that Ms. Cheshire's holdings include 193 additional shares acquired through automatic dividend reinvestment and 68 additional phantom share equivalents accrued by the plan administrator.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns director interests with shareholders. There are no negative implications.

Positives

• The acquisition of shares and phantom share equivalents by a director signals confidence in the company's future performance.
• The automatic dividend reinvestment shows a long-term commitment to the company.

Industry Context

This is a routine filing related to director compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Director compensation packages often include stock and phantom share awards to align their interests with shareholders.
• The use of deferred stock units is a common practice in executive compensation plans across various industries.
• The specific amounts and terms of the awards are typical for a company of Exelon's size and industry.

Stakeholder Impact

• The acquisition of shares by a director can be seen positively by shareholders as it indicates confidence in the company's future.

Key Dates

Keywords

Exelon, Director, Stock Acquisition, Phantom Shares, Deferred Stock Units, Insider Trading, SEC Form 4