Form 4: Exelon Director William P. Bowers Reports Acquisition of Deferred Stock Units

Director William P. Bowers reports acquisition of deferred stock units and phantom share equivalents in Exelon Corp.

Summary

• On March 31, 2025, William P. Bowers, a director of Exelon Corp, reported the acquisition of 933 shares of common stock-deferred stock units at a price of $44.19.
• Following the transaction, Bowers directly owns 4,500 shares of Exelon common stock.
• Bowers also indirectly owns 15,635 shares through the Exelon Corp. Directors Deferred Stock Unit Plan, which includes 132 additional shares acquired through automatic dividend reinvestment.
• Additionally, Bowers acquired 922 deferred phantom share equivalents at $46.08.
• Following the transaction, Bowers directly owns 13,445 derivative securities, which includes 113 additional phantom share equivalents that were accrued to the account by the plan administrator on the ex-dividend date.
• These phantom share equivalents, held in Exelon stock fund account, will be settled for cash on a 1 for 1 basis upon termination of service to the board of directors.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions by a company director. The acquisitions could be seen as a positive sign, but it's not a major event.

Positives

• The acquisition of deferred stock units and phantom share equivalents by a director may signal confidence in the company's future performance.

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

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge sentiment and potential future performance.

Comparison to Industry Standards

• Director stock ownership is a common practice among publicly traded companies like Exelon.
• Comparing Bowers' holdings and transactions to those of directors at peer utilities such as Duke Energy (DUK) or Southern Company (SO) can provide context on the scale of his investment.
• Deferred stock unit plans are a typical component of executive compensation packages, aligning director interests with long-term shareholder value.

Stakeholder Impact

• The reported transactions provide transparency to shareholders regarding director stock ownership.
• The transactions have a minimal direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Exelon, Director, Stock Units, Phantom Shares, Form 4, Beneficial Ownership, Deferred Stock, EXC