Exelon (EXC) Director Cheshire Marjorie Rodgers Receives 442 Phantom Shares

What Happened
Cheshire Marjorie Rodgers, a director of Exelon Corp (EXC), was granted 442 phantom share equivalents (reported as a derivative award) on 2026-06-30. The filing lists a per-share valuation of $46.62, for a notional value of $20,606. This was an award/grant (code A) under a non‑qualified deferred compensation plan, not an open‑market purchase.

Key Details

• Transaction date: 2026-06-30; Form 4 filed: 2026-07-01 (timely).
• Transaction type: Award/Grant of derivative phantom share equivalents (code A).
• Amount: 442 phantom shares at $46.62 each = $20,606 (not actual common stock).
• Shares owned after transaction: total ownership after the grant is not specified in the filing.
• Footnotes: F1 — phantom share equivalents are held in the reporting person's Exelon stock fund account as part of a multi‑fund, non‑qualified deferred compensation plan and will be settled for cash 1:1 upon termination of board service. F2 — balance includes 91 additional phantom share equivalents from automatic dividend reinvestment.
• No indications of 10b5‑1 plan, tax withholding sales, or late filing in this report.

Context
Phantom share equivalents are cash‑settled awards that track the value of company stock but do not convey actual shares, voting rights, or immediate market exposure. Such grants are common as director compensation and do not necessarily signal a personal market view—purchases are generally more informative about an insider's confidence in the stock.