Kleczynski Robert A 4
4 · EXELON CORP · Filed Feb 4, 2026
Research Summary
AI-generated summary of this filing
Exelon (EXC) SVP Robert Kleczynski Exercises Options, Sells Shares
What Happened
- Robert A. Kleczynski, Senior Vice President, Controller & Tax at Exelon, exercised multiple derivative awards and received vested equity on Feb 2, 2026. The filing shows exercises/conversions for a total of several option/derivative lots and grant/award receipts (notably awards of 5,673 and 7,019 share equivalents). To cover tax withholding and payment obligations, 3,768 shares were withheld (tax payment, code F) at $43.91 per share = $165,453, and 4,963 shares were disposed to the issuer (code D) at $43.91 = $217,925.
Key Details
- Transaction date: 2026-02-02; Form 4 filed 2026-02-04 (timely).
- Withholding/tenders: 3,768 shares withheld for tax withholding (F) at $43.91 ($165,453) and 4,963 shares surrendered to issuer (D) at $43.91 ($217,925).
- Awards/vests: Grants recorded of 5,673 and 7,019 share equivalents (award price $0.00) — these reflect RSU and performance-share awards under Exelon’s Long Term Incentive Plan (LTIP).
- Several derivative exercises/conversions (code M) are reported around the same date; some exercised shares were immediately used to satisfy taxes/exercise obligations (cashless/net settlement behavior).
- The filing includes footnotes noting RSU vesting mechanics, performance-share treatment, dividend reinvestment that added small share amounts, and phantom share equivalents in a deferred compensation fund.
- The report does not list a post-transaction total shareholding for the insider in the supplied data.
Context
- This is largely an exercise/vesting event with shares withheld and surrendered to meet tax and payment obligations — a common, routine insider event rather than an open-market sale. For retail investors: exercises and resultant withholding/surrenders generally reflect compensation mechanics (RSUs, performance shares, option exercises) rather than a straightforward buy or sell signal.
Insider Transaction Report
Form 4
EXELON CORPEXC
Kleczynski Robert A
SVP, Controller & Tax
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-02-02+1,474→ 42,599 total - Exercise/Conversion
Common Stock
[F1]2026-02-02+1,684→ 44,283 total - Exercise/Conversion
Common Stock
[F1]2026-02-02+2,110→ 46,393 total - Exercise/Conversion
Common Stock
[F2]2026-02-02+7,019→ 53,412 total - Tax Payment
Common Stock
2026-02-02$43.91/sh−3,768$165,453→ 49,644 total - Disposition to Issuer
Common Stock
2026-02-02$43.91/sh−4,963$217,925→ 44,681 total - Exercise/Conversion
2023 Restricted Stock Units
[F3][F1]2026-02-02−1,474→ 0 total→ Common Stock (1,474 underlying) - Exercise/Conversion
2024 Restricted Stock Units
[F4][F1]2026-02-02−1,684→ 1,683 total→ Common Stock (1,684 underlying) - Exercise/Conversion
2025 Restricted Stock Units
[F5][F1]2026-02-02−2,110→ 4,218 total→ Common Stock (2,110 underlying) - Award
2026 Restricted Stock Units
[F1]2026-02-02+5,673→ 5,673 total→ Common Stock (5,673 underlying) - Award
2023-2025 Performance Shares
[F2]2026-02-02+7,019→ 7,019 total→ Common Stock (7,019 underlying) - Exercise/Conversion
2023-2025 Performance Shares
[F2]2026-02-02−7,019→ 0 total→ Common Stock (7,019 underlying)
Holdings
- 1,798
Deferred phantom share equivalents
[F6][F7]→ Common Stock (1,798 underlying)
Footnotes (7)
- [F1]Restricted stock unit (RSU) award granted under the Exelon Long Term Incentive Plan (LTIP). Award vests in 1/3 increments at the January or February meeting of the Exelon Talent Management and Compensation Committee (TMCC) with each RSU representing the right to receive one share of Exelon common stock upon vesting. The award accrues additional RSUs each quarter through automatic dividend reinvestment and the additional RSUs vest on the same schedule as the underlying award.
- [F2]Performance share award granted under the LTIP for the three-year performance period referenced in Column 1 based upon the TMCC's determination of performance achieved for the period. Each performance share represents the right to receive one share or the cash equivalent of one share pursuant to the LTIP's terms with respect to individual stock ownership levels. Performance share awards vest immediately on their grant date.
- [F3]Balance at the time of this vesting includes 53 additional shares acquired through automatic dividend reinvestment during 2025.
- [F4]Balance at the time of this vesting includes 121 additional shares acquired through automatic dividend reinvestment during 2025.
- [F5]Balance at the time of this vesting includes 227 additional shares acquired through automatic dividend reinvestment during 2025.
- [F6]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. The stock fund is a unitized fund that consists of both Exelon common stock and short-term liquid investments. Units of the fund are acquired through quarter-end contributions and dividend reinvestment and will be settled for cash upon the termination of the reporting person. The balance of phantom share equivalents may fluctuate due to changes in the value of the fund units.
- [F7]Balance as of 12/31/2025 and includes 62 phantom share equivalents accrued during 2025 through automatic dividend reinvestment.
Signature
David T Skinner, attorney-in-fact for Robert A Kleczynski|2026-02-04