Harrington Charles L. 4

What Happened
Charles L. Harrington, a director of Constellation Energy Corporation (CEG), was granted 146 phantom share equivalents on June 30, 2026. The award is reported as a derivative grant (code A) valued at $248.37 per share equivalent, totaling $36,262. This was not an open-market purchase of stock but an award under a deferred compensation arrangement.

Key Details

• Transaction date: 2026-06-30; Form 4 filed: 2026-07-01 (timely filing).
• Grant: 146 phantom share equivalents at $248.37 each = $36,262 (derivative award).
• Shares owned after transaction: not specified in the Form 4.
• Footnote: These are phantom share equivalents in a non‑qualified deferred compensation stock fund and will be settled in cash on a 1-for-1 basis upon termination of service. Balance can fluctuate with fund composition and includes ~8 share equivalents accrued June 5, 2026 via dividend reinvestment.
• Transaction code: A (award/grant); derivative (cash-settled), not an equity purchase.

Context
Phantom share equivalents are bookkeeping units tied to the company’s stock fund in a deferred compensation plan and do not represent immediate ownership of shares. They are typically settled in cash when the director leaves service, so this award is a form of deferred compensation rather than a direct bullish purchase of stock.