4//SEC Filing
DE BALMANN YVES C 4
Accession 0001140361-22-013012
CIK 0001868275other
Filed
Apr 3, 8:00 PM ET
Accepted
Apr 4, 9:02 PM ET
Size
9.6 KB
Accession
0001140361-22-013012
Insider Transaction Report
Form 4
DE BALMANN YVES C
Director
Transactions
- Award
Common Stock (Deferred Stock Units)
2022-03-31$51.32/sh+835$42,852→ 44,186 total
Holdings
- 203(indirect: By de Balmann Family Holdings LLLP)
Common Stock
- 49,011
Phantom Deferred Stock Units
→ Common Stock (49,011 underlying) - 636
Common Stock
Footnotes (5)
- [F1]In connection with the separation of the Issuer from Exelon Corp. effective February 1, 2022 (the "Spin-Off"), as further described in the Constellation Energy Group Inc. ("Constellation") current report on Form 8-K filed on February 2, 2022, each Exelon deferred stock unit ("DSU") held immediately prior to the Spin Off by a Constellation employee or director was replaced with a substitute Constellation DSU in an amount equal to the number of Exelon DSUs multiplied by a fraction, the numerator of which is the volume-weighted average price of Exelon common stock for the five trading days preceding and including February 1, 2022, and the denominator of which is the volume-weighted average price of Constellation common stock ("Common Stock") for the five trading days beginning February 2, 2022. Each substitute Constellation DSU shall vest based on the holder's continued service, and otherwise shall have substantially the same terms and conditions as the corresponding Exelon DSU.
- [F2]In connection with the Spin-Off, each Exelon Corp. shareholder received a pro-rata dividend in the form of one share of Common Stock for every three shares of Exelon Corp. common stock held by such shareholder on the January 20, 2022 record date. The reporting person acquired these shares of Common Stock in connection with the Spin-Off and such acquisitions were exempt from Section 16 of the Securities Exchange Act of 1934, as amended ("Exchange Act") pursuant to Rule 16a-9 under the Exchange Act
- [F3]Balance includes approximately 43,233 DSUs acquired in connection with the Spin-Off in a transaction exempt from Section 16 of the Exchange Act pursuant to Rule 16a-9 under the Exchange Act and approximately 119 shares acquired on March 10, 2022 through automatic dividend reinvestment.
- [F4]Phantom DSUs converted from the legacy Constellation Deferred Compensation Plan for Non-employee Directors that will be settled in cash on a 1-for-1 basis using the year-end price of Common Stock in the year of termination of the reporting person's service.
- [F5]Balance includes approximately 48,877 Phantom DSUs acquired in connection with the Spin-Off in a transaction exempt from Section 16 of the Exchange Act pursuant to Rule 16a-9 under the Exchange Act and approximately 134 additional stock units credited on March 10, 2022 through the dividend reinvestment feature of the plan.
Documents
Issuer
Constellation Energy Corp
CIK 0001868275
Entity typeother
Related Parties
1- filerCIK 0001257061
Filing Metadata
- Form type
- 4
- Filed
- Apr 3, 8:00 PM ET
- Accepted
- Apr 4, 9:02 PM ET
- Size
- 9.6 KB