Harrington Charles L. 4
Research Summary
AI-generated summary
Constellation (CEG) Director Charles Harrington Receives RSU Award
What Happened
- Charles L. Harrington, a director of Constellation Energy Corp (CEG), received a grant of 556 restricted stock units (RSUs) on April 28, 2026. The award is reported at $305.71 per RSU for a total grant value of $169,975. This is an award (code A), not an open-market purchase or sale, so no immediate shares were transferred to the insider.
Key Details
- Transaction date: 2026-04-28 (reported on Form 4 filed 2026-04-30). Filing appears timely under Section 16 (filed within two business days).
- Grant: 556 RSUs @ $305.71 each; total reported value $169,975.
- Vesting: RSUs vest in full on April 28, 2027 (see footnote F1). RSUs represent the right to one share upon vesting and do not expire.
- Dividend treatment: These RSUs accrue quarterly dividend equivalents as additional RSUs that vest on the same schedule (F1).
- Shares owned after transaction: Not specified in the excerpt provided here.
- Other footnotes referenced: small balances include shares from quarterly dividend reinvestments (approx. 5 and 24 shares, F2/F3), and phantom share equivalents in a non‑qualified deferred compensation plan that settle in cash 1-for-1 (F4).
Context
- This was a time‑based equity award to a director (compensation-related), which does not reflect an immediate market purchase or sale. RSUs become actual shares only upon vesting (here, one year later), so this grant is a future compensation event rather than an immediate change in share ownership or a liquidity event.