Exelon (EXC) Director Marjorie Cheshire Receives 3,720 RSU Award

What Happened

• Marjorie Rodgers Cheshire, a member of Exelon’s board of directors, received a grant of 3,720 restricted stock units (RSUs) on 2026-04-28. The award is reported as a derivative acquisition at $0.00 (typical for compensation grants) and will be settled in Exelon common stock on a 1-for-1 basis when it vests.

Key Details

• Transaction date: 2026-04-28; Form 4 filed 2026-04-29 (timely).
• Reported amount: 3,720 RSUs; reported price: $0.00 (award/derivative).
• Shares owned after transaction: not specified in the filing.
• Footnote F1: RSU award is under Exelon’s Long-Term Incentive Plan, will fully vest and be settled in shares 1:1, and accrues additional stock units through dividend reinvestment that vest with the award.
• Footnote F2: Separately notes phantom share equivalents in a non‑qualified deferred compensation plan that are settled in cash upon termination of board service (these are cash-settled, not share grants).

Context

• This is an award/grant (not a market purchase or sale) and reflects compensation rather than an open-market investment decision. RSUs convert to common shares upon vesting; phantom share equivalents referenced in the filing are cash-settled and distinct from the RSU grant.