Smith Shane Patrick 4
4 · Constellation Energy Corp · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
Constellation Energy (CEG) CFO Shane Smith Exercises Awards, Sells Shares
What Happened Shane Patrick Smith, CFO of Constellation Energy Corp. (CEG), converted/exercised company equity awards and received shares on Feb 9, 2026. The filing shows multiple items: conversion/exercise of derivative awards and grants of RSUs and performance shares. To cover tax and exercise obligations, 2,048 shares were withheld for taxes at $272.15/share ($557,363) and 1,377 shares were surrendered/disposed to the issuer at $272.15/share ($374,751). The filing also reports awards/vesting of RSUs and performance shares (see Key Details). These transactions are routine equity vesting/exercise activity rather than an open-market purchase.
Key Details
- Transaction date: 2026-02-09; Form 4 filed: 2026-02-11 (appears timely).
- Tax withholding: 2,048 shares withheld at $272.15 = $557,363 (code F).
- Disposition to issuer: 1,377 shares at $272.15 = $374,751 (code D).
- Awards / conversions / exercises reported:
- Exercise/conversion (M): 5,243 shares (acquired; price N/A on form).
- Grant/award (A): 3,032 RSUs acquired (vested RSUs under LTIP; price $0).
- Grant/award (A): 4,535 performance shares acquired (vested; price $0).
- Exercise/conversion (M): 707 shares and 4,535 shares shown as disposed at $0 in the filing (derivative-related entries).
- Total shares withheld/surrendered to satisfy tax/exercise obligations: 3,425 shares, total value $932,114.
- Shares owned after the transactions: not disclosed in the provided filing details.
- Footnotes of note:
- F1: Shares came from vested LTIP awards.
- F2: RSUs vest in 1/3 increments over three years and accrue dividend equivalents as additional RSUs.
- F3: Performance shares vested immediately on grant for the referenced performance period.
Context
- Code meanings: M = exercise/conversion of derivative, A = grant/award, F = tax withholding, D = disposition to issuer. Several zero-dollar entries reflect vesting/conversion of RSUs or performance shares (no cash paid), and withheld/surrendered shares are typical to cover tax or exercise costs.
- These transactions mostly reflect vesting and exercise of company awards rather than an open-market buy or deliberate sale of stock for investment reasons. Withheld/surrendered shares to satisfy tax/exercise obligations are routine and do not necessarily indicate the insider’s view of the company’s prospects.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-09+5,243→ 7,110 total - Tax Payment
Common Stock
2026-02-09$272.15/sh−2,048$557,363→ 5,062 total - Disposition to Issuer
Common Stock
2026-02-09$272.15/sh−1,377$374,751→ 3,685 total - Exercise/Conversion
Restricted Stock Units
[F2]2026-02-09−707→ 430 total→ Common Stock (707 underlying) - Award
Restricted Stock Units
[F2]2026-02-09+3,032→ 3,462 total→ Common Stock (3,032 underlying) - Award
2023-2025 Performance Shares
[F3]2026-02-09+4,535→ 4,535 total→ Common Stock (4,535 underlying) - Exercise/Conversion
2023-2025 Performance Shares
[F3]2026-02-09−4,535→ 0 total→ Common Stock (4,535 underlying)
Footnotes (3)
- [F1]Shares of Common Stock acquired from vested equity awards granted under the Issuer's Long-term Incentive Plan ("LTIP").
- [F2]Restricted stock units ("RSUs") vest in 1/3 increments on the dates of the Compensation Committee's first-quarter meetings held in the first, second, and third years after the grant date. Each RSU represents the right to receive one share of Common Stock upon vesting, and does not expire. These RSUs accrue quarterly dividend equivalents in the form of additional RSUs representing common stock dividends as approved by the Issuer's board of directors, which vest on the same schedule as the underlying RSU award.
- [F3]Performance share award granted under the LTIP for the three-year performance period referenced in Column 1 based upon the Compensation Committee's determination of performance achieved for the period. Each performance share represents the right to receive one share of Common Stock upon vesting. These performance shares do not accrue quarterly dividends. Performance share award vests immediately on the grant date.