Constellation Energy (CEG) director adds deferred and phantom stock units
Rhea-AI Filing Summary
DE BALMANN YVES C reported acquisition or exercise transactions in this Form 4 filing.
Constellation Energy Corp director Yves C. de Balmann received a grant of 556 Common Stock deferred stock units on Constellation Energy common stock. The award, valued at $305.71 per unit, increased his deferred stock unit holdings to 51,340 units held directly.
He also reports 636 shares of common stock held directly and 203 shares held indirectly through de Balmann Family Holdings LLLP. In addition, he holds 50,571 phantom deferred stock units tied to legacy director compensation, which are payable in cash on a 1-for-1 basis using the year-end stock price upon termination of his service. Recent balances reflect additional shares and units credited through quarterly automatic dividend reinvestment features.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
DE BALMANN YVES C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (Deferred Stock Units) | 556 | $305.71 | $170K |
| holding | Phantom Deferred Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock (Deferred Stock Units) — 51,340 shares (Direct);
Phantom Deferred Stock Units — 50,571 shares (Direct);
Common Stock — 636 shares (Direct);
Common Stock — 203 shares (Indirect, By de Balmann Family Holdings LLLP)
Footnotes (1)
- Balance includes approximately 262 shares acquired through quarterly automatic dividend reinvestments. Phantom deferred stock units converted from the legacy Constellation Energy Group Inc. Deferred Compensation Plan for Non-employee Directors (the "Plan") that will be settled in cash on a 1-for-1 basis using the year-end price of Common Stock in the year of termination of the reporting person's service. Balance updated to reflect approximately 261 additional stock units credited through the quarterly automatic dividend reinvestment feature of the Plan.
Key Figures
Deferred stock units granted: 556 units
Grant price per unit: $305.71 per unit
Deferred stock units balance: 51,340 units
+5 more
8 metrics
Deferred stock units granted
556 units
Common Stock (Deferred Stock Units) awarded on April 28, 2026
Grant price per unit
$305.71 per unit
Price used for 556 deferred stock units
Deferred stock units balance
51,340 units
Common Stock (Deferred Stock Units) after award
Direct common shares
636 shares
Common Stock held directly after reported holdings
Indirect common shares
203 shares
Common Stock held via de Balmann Family Holdings LLLP
Phantom deferred stock units
50,571 units
Legacy plan phantom units tied to Common Stock
Dividend reinvestment shares
262 shares
Common shares acquired via quarterly dividend reinvestment
Dividend reinvestment phantom units
261 units
Additional phantom units credited via plan reinvestment
Key Terms
Phantom Deferred Stock Units, Deferred Stock Units, automatic dividend reinvestments, de Balmann Family Holdings LLLP, +1 more
5 terms
Phantom Deferred Stock Units financial
"Phantom deferred stock units converted from the legacy Constellation Energy Group Inc. Deferred Compensation Plan for Non-employee Directors"
Phantom deferred stock units are promises by a company to pay the cash value (or sometimes actual shares) tied to its stock at a future date rather than issuing real shares now; think of them as an IOU that tracks the company’s share price. They matter to investors because they create a future cash or accounting cost for the company without diluting existing ownership immediately, affecting reported profits and future cash flow when the promises become payable.
Deferred Stock Units financial
"Common Stock (Deferred Stock Units) that will be settled in cash on a 1-for-1 basis"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
automatic dividend reinvestments financial
"Balance includes approximately 262 shares acquired through quarterly automatic dividend reinvestments"
de Balmann Family Holdings LLLP financial
"Common Stock held indirectly By de Balmann Family Holdings LLLP"
Deferred Compensation Plan for Non-employee Directors financial
"converted from the legacy Constellation Energy Group Inc. Deferred Compensation Plan for Non-employee Directors"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did CEG director Yves C. de Balmann report?
Yves C. de Balmann reported receiving 556 Common Stock deferred stock units linked to Constellation Energy Corp. The units were granted at $305.71 each and increased his deferred stock unit balance to 51,340. This filing reflects a compensation-related equity award rather than an open-market share purchase.
What are the phantom deferred stock units reported in the CEG Form 4?
The Form 4 shows 50,571 phantom deferred stock units converted from a legacy Constellation Energy Group Inc. director plan. They will be settled in cash on a 1-for-1 basis using the year-end common stock price in the year de Balmann’s board service ends, reflecting non-tradable compensation units.
How were dividend reinvestments reflected in Yves C. de Balmann’s CEG holdings?
The filing notes approximately 262 common shares were acquired through quarterly automatic dividend reinvestments, increasing his share balance. It also states about 261 additional phantom deferred stock units were credited via the plan’s dividend reinvestment feature, boosting his non-cash compensation-linked unit holdings.
What total deferred stock unit balance does Yves C. de Balmann have at CEG after this grant?
Following the 556-unit grant of Common Stock deferred stock units, de Balmann’s balance in that category rose to 51,340 units held directly. Separately, he holds 50,571 phantom deferred stock units tied to a legacy director plan, which are intended to be settled in cash at a future date.