Exelon (EXC) Director Marjorie Rodgers Cheshire Receives 511-Share Award

What Happened
Marjorie Rodgers Cheshire, a director of Exelon Corp (EXC), was granted 511 phantom share equivalents on September 30, 2026. The report values the award at $40.40 per share equivalent, for a total notional value of $20,644. This was an award/derivative grant (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-30 (Form 4 filed 2026-10-01). Filing appears timely.
• Instrument: 511 phantom share equivalents (derivative award) at $40.40 each; total value $20,644.
• Shares owned after transaction: total post-grant balance not explicitly stated in the filing.
• Footnotes:
  • F1 — These are phantom share equivalents in an Exelon stock fund within a non-qualified deferred compensation plan; they are cash-settled 1-for-1 upon termination of board service.
  • F2 — The reported balance includes 105 additional phantom share equivalents accrued via automatic dividend reinvestment.
• Transaction code: A = Award/Grant (derivative).

Context
Phantom share equivalents are a form of deferred compensation that tracks stock value but are settled in cash rather than issuing actual shares; they do not represent an immediate buy or sell of EXC stock. Such grants are routine director compensation and should be viewed as compensation-related rather than a direct trading signal.