Constellation Energy Corp (CEG) CFO logs award exercises, tax share disposals
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Constellation Energy Corp EVP & CFO Daniel L. Eggers reported multiple equity award transactions on Common Stock and related units. He acquired 44,601 shares of Common Stock through exercises of vested equity awards under the long-term incentive plan, then disposed of 21,348 shares at $272.15 per share to cover tax obligations and a further 19,326 shares at $272.15 per share in a disposition to the issuer, leaving 32,967 Common shares held directly.
On the derivative side, he exercised 6,670 restricted stock units and received a new grant of 4,972 restricted stock units, ending with 9,627 RSUs held directly. He also received a 37,931-share performance share award for the 2023–2025 period, which vested immediately and was fully converted into Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
44,601 shares exercised/converted
Mixed
7 txns
Insider
Eggers Daniel L.
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,670 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 4,972 | $0.00 | -- |
| Grant/Award | 2023-2025 Performance Shares | 37,931 | $0.00 | -- |
| Exercise | 2023-2025 Performance Shares | 37,931 | $0.00 | -- |
| Exercise | Common Stock | 44,601 | $0.00 | -- |
| Tax Withholding | Common Stock | 21,348 | $272.15 | $5.81M |
| Disposition | Common Stock | 19,326 | $272.15 | $5.26M |
Holdings After Transaction:
Restricted Stock Units — 4,655 shares (Direct);
2023-2025 Performance Shares — 37,931 shares (Direct);
Common Stock — 73,641 shares (Direct)
Footnotes (1)
- Shares of Common Stock acquired from vested equity awards granted under the Issuer's Long-term Incentive Plan ("LTIP"). Restricted stock units ("RSUs") vest in 1/3 increments on the dates of the Compensation Committee's first-quarter meetings held in the first, second, and third years after the grant date. Each RSU represents the right to receive one share of Common Stock upon vesting, and does not expire. These RSUs accrue quarterly dividend equivalents in the form of additional RSUs representing common stock dividends as approved by the Issuer's board of directors, which vest on the same schedule as the underlying RSU award. The RSU award acquired approximately 62 additional shares through automatic dividend reinvestment since February 10, 2025. Performance share award granted under the LTIP for the three-year performance period referenced in Column 1 based upon the Compensation Committee's determination of performance achieved for the period. Each performance share represents the right to receive one share of Common Stock upon vesting. These performance shares do not accrue quarterly dividends. Performance share award vests immediately on the grant date.
FAQ
What did Constellation Energy (CEG) EVP & CFO Daniel Eggers do in this Form 4?
Daniel L. Eggers reported equity compensation activity, not an open-market trade. He exercised vested awards for 44,601 Common shares, then disposed of some shares to cover taxes and via an issuer disposition, while also receiving new restricted stock unit and performance share awards.
Were Daniel Eggers’ Constellation Energy (CEG) transactions open-market buys or sells?
The filing shows no open-market buying or selling. Common Stock dispositions used code F for tax-withholding and code D for a disposition to the issuer, both at $272.15 per share, tied to the exercise and settlement of equity awards rather than discretionary market trades.
What restricted stock unit (RSU) activity did Daniel Eggers report for Constellation Energy (CEG)?
He exercised 6,670 RSUs into Common Stock and received a new grant of 4,972 RSUs. After these transactions, he directly holds 9,627 RSUs, which vest in one-third increments at future first-quarter Compensation Committee meetings, accruing additional RSUs via dividend equivalents.