Kleczynski Robert A 4

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.