DE BALMANN YVES C 4

What Happened

• Yves C. De Balmann, a director of Constellation Energy Corp. (CEG), was granted 556 shares (transaction code A) on April 28, 2026. The award price is reported at $305.71 per share, for a total reported value of approximately $169,975. This was an award/grant (director compensation) rather than an open‑market purchase or sale.

Key Details

• Transaction date and price: 2026-04-28 at $305.71 per share; total value ≈ $169,975.
• Shares owned after transaction: the filing’s reported balance includes approximately 262 shares from dividend reinvestment and ~261 phantom deferred stock units (see footnotes); the filing does not separately state a single combined total in this summary.
• Footnotes: F1 notes ~262 shares were acquired via quarterly automatic dividend reinvestment. F2 indicates ~261 phantom deferred stock units were converted from a legacy non-employee director deferred compensation plan and will be settled in cash on a 1-for-1 basis using the year-end stock price in the year the director’s service terminates.
• Timeliness: Form 4 was filed on 2026-04-30 for a transaction dated 2026-04-28 (filed within the typical two‑business‑day window), so no late filing is indicated.

Context

• This transaction is a director compensation award (not an open‑market buy), so it reflects company pay practices rather than a direct personal cash investment. The phantom deferred stock units noted in the filing are payable in cash upon termination (they are not current voting shares). As with all insider filings, the grant is factual disclosure of compensation and does not, by itself, indicate the director’s market view.