How many phantom share equivalents does Charles Harrington hold after this CEG transaction?

After the 146-unit grant, his balance is 5,345 phantom share equivalents. This total sits in a Constellation Energy stock fund within a non-qualified deferred compensation plan that mirrors the company’s share price performance over time.

What is the value of the phantom share equivalents granted to the CEG director?

The 146 phantom share equivalents were valued at $248.37 per equivalent. While no shares change hands, the cash-settled units give the director economic exposure that tracks Constellation Energy’s common stock performance on a 1-for-1 basis.

When will Charles Harrington’s Constellation Energy phantom share equivalents be settled?

They will be settled in cash upon termination of his service with Constellation Energy. Until then, the phantom share balance can fluctuate based on fund composition changes and dividend reinvestment within the deferred compensation plan.

How do dividends affect Charles Harrington’s Constellation Energy phantom share balance?

Dividends are reinvested into additional phantom share equivalents within the plan. The balance disclosure notes it includes approximately 8 share equivalents that accrued on June 5, 2026 through dividend reinvestment tied to Constellation Energy stock.

Constellation Energy (CEG) director adds 146 phantom share equivalents

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Constellation Energy Corp director Charles L. Harrington reported an acquisition of 146 phantom share equivalents tied to Constellation common stock under a non-qualified deferred compensation plan. These cash-settled units were valued at $248.37 each and increased his plan balance to 5,345 equivalents. The units track the company’s stock on a 1-for-1 basis and will be settled in cash after his service ends. The balance also reflects approximately 8 share equivalents previously accrued through dividend reinvestment.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Harrington Charles L.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Deferred Compensation - Phantom Share Equivalents	146	$248.37	$36K

Holdings After Transaction: Deferred Compensation - Phantom Share Equivalents — 5,345 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

Phantom share equivalents granted: 146 units Grant value per equivalent: $248.37 per unit Total phantom equivalents after transaction: 5,345 units +1 more

4 metrics

Phantom share equivalents granted 146 units Grant/award acquisition on June 30, 2026

Grant value per equivalent $248.37 per unit Valuation for phantom share equivalents

Total phantom equivalents after transaction 5,345 units Balance following June 30, 2026 grant

Dividend reinvestment accrual ≈8 units Share equivalents accrued on June 5, 2026

Key Terms

Deferred Compensation - Phantom Share Equivalents, non-qualified deferred compensation plan, dividend reinvestment, phantom share equivalents

4 terms

non-qualified deferred compensation plan financial

"part of a multi-fund, non-qualified deferred compensation plan"

An arrangement where an employer agrees to pay part of an employee’s salary or bonus at a later date, often to attract or keep key staff. Think of it as a company IOU or a delayed paycheck held on the company’s books rather than in a protected retirement account; investors care because these promises create future cash obligations that are typically unsecured and depend on the company’s financial health, affecting risk, liabilities, and cash-flow planning.

dividend reinvestment financial

"approximately 8 share equivalents accrued ... through dividend reinvestment"

Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 04:23 PM Accepted by SEC EDGAR 07/01/2026 - 04:23 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Harrington Charles L.

(Last)

(First)

(Middle)

1310 POINT STREET

(Street)

BALTIMORE

MARYLAND

21231

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Constellation Energy Corp [ CEG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Deferred Compensation - Phantom Share Equivalents	⁽¹⁾	06/30/2026		A		146		⁽¹⁾	⁽¹⁾	Common Stock	146	$248.37	5,345⁽¹⁾	D

Explanation of Responses:

1. Phantom share equivalents acquired in the reporting person's Constellation Energy Corporation stock fund account that is part of a multi-fund, non-qualified deferred compensation plan and will be settled in cash on a 1-for-1 basis upon termination of the reporting person's service. The balance of phantom share equivalents may fluctuate due to periodic changes in the fund composition. Balance also reflects approximately 8 share equivalents accrued on June 5, 2026 through dividend reinvestment.

	/s/ Brian Buck, Attorney-in-Fact for Charles Harrington	07/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Constellation Energy (CEG) director Charles Harrington report in this Form 4?

He reported receiving 146 phantom share equivalents linked to Constellation Energy common stock. These were credited to his non-qualified deferred compensation plan account and increase his cash-settled balance that tracks the company’s share price on a 1-for-1 basis.

Is Charles Harrington buying or selling Constellation Energy (CEG) stock in this filing?

He is not buying or selling actual stock; this is a grant of phantom share equivalents. The units are bookkeeping entries in a deferred compensation plan that will be settled in cash based on Constellation Energy’s stock value.