Form 4: Exelon Executive Michael Innocenzo Reports Changes in Beneficial Ownership

Michael Innocenzo, EVP & Chief Operating Officer of Exelon Corp, reports acquisition of restricted stock units and adjustments to holdings due to dividend reinvestment.

Summary

• Michael Innocenzo, an executive at Exelon Corp, filed a Form 4 detailing changes in his beneficial ownership of company stock.
• The report indicates the acquisition of 8,327 restricted stock units (RSUs) granted under the Exelon Long-Term Incentive Plan (LTIP) on April 1, 2024.
• These RSUs vest in 1/3 increments at the January or February meeting of the Exelon Compensation Committee.
• Each RSU represents the right to receive one share of Exelon common stock upon vesting.
• The report also reflects adjustments to existing RSU holdings from 2022, 2023 and 2024 due to automatic dividend reinvestment.
• The balance includes 80 shares acquired through automatic dividend reinvestment during 2024 for the 2024 RSU's, 47 shares acquired through automatic dividend reinvestment during 2024 for the 2023 RSU's and 23 shares acquired through automatic dividend reinvestment during 2024 for the 2022 RSU's.

Sentiment

Score: 5

Explanation: This is a routine filing reflecting standard executive compensation practices, neither particularly positive nor negative.

Positives

• The granting of RSUs to executives aligns their interests with those of shareholders.
• Dividend reinvestment increases the executive's stake in the company over time.

Future Outlook

The executive's future stock ownership will be affected by vesting of RSUs and continued dividend reinvestment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Management Changes

Stakeholder Impact

• Shareholders can monitor executive compensation and alignment of interests through these filings.

Key Dates