Form 4: Exelon Director William P. Bowers Reports Acquisition of Deferred Stock Units and Phantom Share Equivalents

Exelon director William P. Bowers acquired 1,119 deferred stock units and 1,129 phantom share equivalents on December 31, 2024, according to a recent SEC filing.

Summary

• William P. Bowers, a director at Exelon Corp, reported acquiring 1,119 deferred stock units at a price of $36.87 each on December 31, 2024.
• These deferred stock units were acquired through the Exelon Corp. Directors Deferred Stock Unit Plan.
• Mr. Bowers also acquired 1,129 phantom share equivalents on the same date.
• These phantom share equivalents are held in his Exelon stock fund account as part of a non-qualified deferred compensation plan.
• The phantom share equivalents will be settled for cash on a 1-for-1 basis upon termination of his service to the board.
• The price of the phantom share equivalents was $37.64 each.
• The balance of deferred stock units includes 137 additional shares acquired through automatic dividend reinvestment.
• The balance of phantom share equivalents includes 110 additional units accrued by the plan administrator on the ex-dividend date.

Sentiment

Score: 7

Explanation: The document is a routine filing of a director's stock transactions, which is generally neutral to positive. The acquisition of stock units and equivalents suggests confidence in the company's future.

Positives

• The acquisition of deferred stock units and phantom share equivalents aligns the director's interests with the company's performance.
• The dividend reinvestment and accrual of phantom share equivalents indicate a continued investment in the company's future.

Industry Context

This filing is a routine disclosure of a director's transactions in company stock, which is common practice for publicly traded companies. It reflects the director's participation in the company's compensation plans.

Comparison to Industry Standards

• Director compensation packages often include deferred stock units and phantom share equivalents to align their interests with long-term shareholder value.
• The use of deferred compensation plans is a common practice among large public companies like Exelon, similar to companies such as Duke Energy and Southern Company.
• The specific terms of these plans, such as the vesting schedule and settlement terms, are typically detailed in the company's proxy statements.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders as they align the director's interests with the company's performance.
• The transactions do not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Exelon, Director, Deferred Stock Units, Phantom Share Equivalents, SEC Form 4, Beneficial Ownership, Deferred Compensation, Dividend Reinvestment