BOWERS WILLIAM P 4
4 · EXELON CORP · Filed Apr 29, 2026
Research Summary
AI-generated summary of this filing
Exelon (EXC) Director William P. Bowers Receives RSU Award
What Happened William P. Bowers, a director of Exelon Corporation (EXC), received a grant of 3,720 restricted stock units (RSUs) reported as a derivative acquisition on 2026-04-28. The Form 4 shows an acquisition price of $0.00 (code A — award/grant); these RSUs are awards that will convert into common shares if and when they vest, so no cash changed hands at grant.
Key Details
- Transaction date: 2026-04-28; Form 4 filed 2026-04-29 (appears timely).
- Grant: 3,720 RSUs; reported price $0.00; transaction code A (award/grant, derivative).
- Shares/units owned after transaction: not specified in this Form 4 filing.
- Footnote F1: These are annual RSU awards under Exelon's LTIP that will settle 1-for-1 into Exelon common stock when they vest; the award accrues additional stock units through dividend reinvestment that vest with the award.
- Footnote F2: References phantom share equivalents in a non-qualified deferred compensation stock fund that settle for cash 1-for-1 upon termination of board service (separate from the RSU grant).
Context RSU grants to directors are a routine form of compensation and do not represent an open-market purchase or sale. Because these units convert to shares only on vesting (and may include dividend reinvestment), they should be viewed as compensation-related awards rather than a direct insider buy signal.
Insider Transaction Report
- Award
2026 Directors Restricted Stock Units
[F1]2026-04-28+3,720→ 3,720 totalFrom: 2027-04-28Exp: 2027-04-28→ Common Stock (3,720 underlying)
- 20,158
Deferred phantom share equivalents
[F2]→ Common Stock (20,158 underlying)
Footnotes (2)
- [F1]Annual restricted stock unit (RSU) award subject to the Exelon Long-term Incentive Plan (LTIP) will fully vest and be settled in shares of Exelon common stock on a 1 for 1 basis. The award will accrue additional stock units through dividend reinvestment which will vest along with the underlying award.
- [F2]Phantom share equivalents held in the reporting person's Exelon stock fund account that is part of a multi-fund, non-qualified deferred compensation plan. Phantom share equivalents will be settled for cash on a 1 for 1 basis upon the termination of the reporting person's service to the board of directors.