BOWERS WILLIAM P 4

What Happened William P. Bowers, a director of Exelon Corp (EXC), was granted 925 phantom share equivalents on 2026-06-30. The award was valued at $46.62 per share, for a total reported value of $43,124. This transaction is recorded as an award/acquisition (code A) of derivative securities — not a market purchase of actual stock.

Key Details

• Transaction date: 2026-06-30; Form 4 filed 2026-07-01 (timely).
• Grant: 925 phantom share equivalents at $46.62 each; total value $43,124.
• Security type: Derivative (phantom share equivalents held in Exelon stock fund account under a multi-fund, non‑qualified deferred compensation plan).
• Settlement: Phantom share equivalents are cash-settled on a 1-for-1 basis upon termination of the reporting person's board service (Footnote F1).
• Balance note: The reported balance includes 183 additional phantom share equivalents accrued via automatic dividend reinvestment (Footnote F2).
• Shares owned after transaction: Not specified in the filing.

Context This was a compensation grant of phantom (cash‑settled) share equivalents — a routine non‑market award and not an outright stock purchase. Such awards are typically part of deferred compensation for directors and will be paid in cash upon termination of service, so they do not directly change the company’s share count or indicate an immediate buy/sell decision.