Cheshire Marjorie Rodgers 4

4 · EXELON CORP · Filed Apr 1, 2026

AI-generated summary of this filing

Updated Apr 1, 2026

Exelon (EXC) Director Marjorie Rodgers Cheshire Receives Stock Awards

What Happened

Marjorie Rodgers Cheshire, a director of Exelon Corporation (EXC), received two awards on 2026-03-31: 878 shares credited at $49.82 each (total $43,742) and 421 derivative phantom share equivalents credited at $49.02 each (total $20,637). Both transactions are coded as "A" (award/grant) on the Form 4 and appear to be director compensation rather than open-market trading.

Key Details

Transaction date: 2026-03-31; Filing date: 2026-04-01 (timely).
Awards: 878 shares @ $49.82 = $43,742; 421 phantom equivalents @ $49.02 = $20,637; combined reported value $64,379.
Derivative note: The 421-unit entry is a phantom share equivalent (derivative) held in a non‑qualified deferred compensation plan; these phantom equivalents are settled in cash 1-for-1 upon termination of board service (see footnote F2).
Dividend reinvestment: Footnote F1 notes a balance includes 208 additional shares from automatic dividend reinvestment; F3 notes 80 additional phantom equivalents from dividend reinvestment.
Shares owned after the transactions were not explicitly stated in the summary provided on the report.

Context

These grants are director compensation (awards), a routine non-market transaction; such awards do not necessarily signal a personal trading decision.
The derivative award is a cash-settled phantom share equivalent, not an immediately tradable stock position.

Form 4

Period: 2026-03-31

Director

Transactions

Award
Common stock- deferred stock units
[F1]
2026-03-31$49.82/sh+878$43,742→ 25,723 total(indirect: By Exelon Corp. Directors Deferred Stock Unit Plan)
Award
Deferred phantom share equivalents
[F2][F3]
2026-03-31$49.02/sh+421$20,637→ 10,013 total
→ Common Stock (421 underlying)

Footnotes (3)

[F1]Balance includes 208 additional shares acquired through automatic dividend reinvestment.
[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.
[F3]Balance includes 80 additional phantom share equivalents accrued to the account through automatic dividend reinvestment.

Signature

Nevin S Boparai, attorney in fact for Marjorie Rodgers Cheshire|2026-04-01

1 file