Eggers Daniel L. 4
4 · Constellation Energy Corp · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
Constellation Energy (CEG) CFO Daniel Eggers Exercises Awards, Sells Shares
What Happened
Daniel L. Eggers, EVP & CFO of Constellation Energy Corp. (CEG), had equity awards convert/vest on Feb 9, 2026. The filing shows exercise/conversion and award activity that resulted in the acquisition of shares from vested awards and performance shares. To satisfy tax withholding and other issuer-required payments, 21,348 shares were withheld (reported at $272.15 each, $5,809,858) and 19,326 shares were surrendered to the issuer (reported at $272.15 each, $5,259,571) — a total of 40,674 shares and roughly $11.07 million. Several award-related transactions are reported at $0 (typical for RSU/performance share conversions).
Key Details
- Transaction date: 2026-02-09; Form 4 filed 2026-02-11 (timely).
- Withheld/surrendered shares: 21,348 shares withheld for taxes ($272.15 / share; $5,809,858) and 19,326 shares surrendered to issuer ($272.15 / share; $5,259,571).
- Reported share acquisitions: exercise/conversion and awards totaling reported entries of 44,601 shares (exercise/conversion) plus award entries of 4,972 and 37,931 shares (see footnotes). Some derivative entries show $0 price (RSUs/performance shares).
- Shares owned after transaction: not specified in this filing.
- Notable footnotes:
- F1: Shares from vested LTIP awards.
- F2: RSUs vest in 1/3 increments over three years and accrue dividend-equivalent RSUs.
- F3: RSU award added ~62 shares via dividend reinvestment since Feb 10, 2025.
- F4: Performance share award vested immediately on grant and does not accrue dividends.
- Timeliness: Filing appears timely (no late-file flag).
Context
- This was a vesting/exercise and sell-to-cover/tax-withholding event (common when RSUs or performance shares vest or options are exercised). Such sell-to-cover transactions typically cover tax withholding and do not necessarily indicate a broader view on the stock.
- Where reported price is $0, that reflects conversion of RSUs or performance shares (no cash exercise price).
- For retail investors: purchases or net acquisitions are generally more informative; this filing mainly documents award vesting and routine withholding/surrenders.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-09+44,601→ 73,641 total - Tax Payment
Common Stock
2026-02-09$272.15/sh−21,348$5,809,858→ 52,293 total - Disposition to Issuer
Common Stock
2026-02-09$272.15/sh−19,326$5,259,571→ 32,967 total - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-02-09−6,670→ 4,655 total→ Common Stock (6,670 underlying) - Award
Restricted Stock Units
[F2]2026-02-09+4,972→ 9,627 total→ Common Stock (4,972 underlying) - Award
2023-2025 Performance Shares
[F4]2026-02-09+37,931→ 37,931 total→ Common Stock (37,931 underlying) - Exercise/Conversion
2023-2025 Performance Shares
[F4]2026-02-09−37,931→ 0 total→ Common Stock (37,931 underlying)
Footnotes (4)
- [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]The RSU award acquired approximately 62 additional shares through automatic dividend reinvestment since February 10, 2025.
- [F4]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.