Exelon (EXC) Director William P. Bowers Receives Phantom Share Award

What Happened

• William P. Bowers, a director of Exelon Corporation (EXC), was granted 1,067 phantom share equivalents on 2026-09-30. The award is reported as a derivative grant with a per-share value of $40.40, totaling approximately $43,107. This was an award/grant (A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-30; reported on Form 4 filed 2026-10-01 (timely filing).
• Instrument: Phantom share equivalents (derivative award) recorded at $40.40 per share; total value ≈ $43,107.
• Shares added: 1,067 phantom share equivalents were credited to the reporting account.
• Balance note: The reported balance includes 212 additional phantom share equivalents accrued via automatic dividend reinvestment (footnote).
• Plan type: Non-qualified, multi-fund deferred compensation plan (Exelon stock fund account).
• Settlement: Phantom share equivalents are payable in cash on a 1-for-1 basis upon termination of board service (per footnote).
• Filing status: No late filing indicated.

Context

• These are phantom (cash-settled) share equivalents tied to Exelon's stock fund in a deferred compensation plan — they are not issued common shares and will be paid in cash when the director leaves the board. Such awards are routine for director compensation and do not by themselves indicate immediate buying or selling of company stock.