LAWLESS ROBERT J 4

What Happened
Robert J. Lawless, a director of Constellation Energy Corporation (CEG), received an award/acquisition of 556 shares on April 28, 2026. The shares were valued at $305.71 each for a total transaction value of $169,975. This filing reports an equity award (code A), an acquisition rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-28; Price per share: $305.71; Total value: $169,975.
• Transaction type: Award/Grant (code A) — acquisition of 556 shares.
• Post-transaction balances: the filing’s footnotes note existing balances include approximately 262 shares from dividend reinvestment and additional deferred/phantom units (see below); the filing does not state a single aggregated total owned after this grant.
• Footnotes of note:
  • F1: ~262 shares acquired through quarterly automatic dividend reinvestment.
  • F2: Phantom deferred stock units from a legacy non-employee directors’ deferred compensation plan will be settled in cash on a 1-for-1 basis using year‑end stock price at termination; balance reflects ~85 additional units from dividend reinvestment.
  • F3: Phantom share equivalents in a non-qualified deferred compensation stock fund will be settled in cash 1-for-1 upon termination; balance reflects ~70 share equivalents from dividend reinvestment.
• Filing timing: Report filed 2026-04-30 for the 2026-04-28 transaction (filed within the typical two-business-day Form 4 window).

Context
This is an equity award to a non-employee director, a routine form of director compensation. Some holdings referenced in the footnotes are phantom or deferred units that will be settled in cash upon the director’s termination, so not all reported balances represent immediately tradable shares. The reported award itself increases the director’s economic exposure to CEG but does not alone indicate management intent to buy or sell additional shares.