Bauer Matthew N 4

What Happened

• Matthew N. Bauer, SVP & Controller of Constellation Energy Corp (CEG), had equity awards vest/convert on Feb 9, 2026. He received/converted awards totaling several lots (including 8,088 shares and additional RSU/performance-share amounts) and then surrendered 7,350 shares to cover tax withholding and exercise/payment obligations. The surrendered shares were 3,444 shares (tax withholding) valued at $937,285 and 3,906 shares (disposed to the issuer) valued at $1,063,018 — about $2.0M in total value. Several award/derivative entries showed $0 proceeds, reflecting non-cash settlement or immediate vest/forfeit mechanics.

Key Details

• Transaction date: 2026-02-09.
• Surrendered/disposed shares: 3,444 @ $272.15 (= $937,285) and 3,906 @ $272.15 (= $1,063,018); total value ≈ $2,000,303.
• Awards/exercises reported: multiple derivative/exercise and grant entries (e.g., 8,088 shares conversion; RSU grants of 910 and 6,927; other exercise/settlement items).
• Footnotes: awards were under the issuer’s LTIP; RSUs vest in 1/3 increments and accrue dividend-equivalent RSUs (one award added ~11 shares via dividend reinvestment); performance shares vested immediately per committee determination.
• Shares owned following the transactions: not specified in the provided filing.
• Filing timeliness: no late filing flag indicated in the provided data.

Context

• This looks like routine vesting/conversion of equity awards with shares surrendered to the company to satisfy tax withholding and exercise/payment obligations (a common, non-speculative administrative action). Several derivative entries with $0 proceeds reflect awards that vested or were settled without cash proceeds to Bauer (e.g., immediate vesting or net settlement mechanics).