Are William P. Bowers’ deferred phantom share equivalents in EXC common stock or cash-based?

The phantom share equivalents are cash-settled instruments that track Exelon common stock. They are held in a non-qualified deferred compensation plan and will be settled for cash on a 1-for-1 basis when his board service ends.

How many deferred phantom share equivalents does William P. Bowers hold after this EXC transaction?

After the reported award, William P. Bowers holds 21,266 deferred phantom share equivalents. This total includes the new 925-unit grant and 183 additional equivalents that accrued automatically through dividend reinvestment within the plan.

What is the role of dividend reinvestment in William P. Bowers’ EXC phantom share balance?

His phantom share balance includes 183 extra equivalents added through automatic dividend reinvestment. When Exelon pays dividends, the plan credits additional phantom share equivalents, increasing his deferred, cash-settled exposure over time without separate market transactions.

Exelon (EXC) director adds 925 deferred phantom share equivalents in compensation grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

BOWERS WILLIAM P reported acquisition or exercise transactions in this Form 4 filing.

Exelon Corp director William P. Bowers reported a compensation-related award of deferred phantom share equivalents tied to Exelon common stock. He received 925 phantom share equivalents at a reference value of $46.62 per share, increasing his balance in the Exelon stock fund account to 21,266 equivalents.

These phantom share equivalents are part of a multi-fund, non-qualified deferred compensation plan and will be settled in cash on a 1-for-1 basis after his service on the board ends. The reported balance also reflects 183 additional phantom share equivalents that accrued automatically through dividend reinvestment, indicating this is a cash-settled, deferred arrangement rather than an open-market stock purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BOWERS WILLIAM P

Role null

Type	Security	Shares	Price	Value
Grant/Award	Deferred phantom share equivalents	925	$46.62	$43K

Holdings After Transaction: Deferred phantom share equivalents — 21,266 shares (Direct, null)

Footnotes (1)

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. Phantom share equivalents will be settled for cash on a 1 for 1 basis upon the termination of the reporting person's service to the board of directors. Balance includes 183 additional phantom share equivalents accrued to the account through automatic dividend reinvestment.

Key Figures

Phantom share grant: 925 equivalents Reference price: $46.62 per equivalent Total phantom balance: 21,266 equivalents +1 more

4 metrics

Phantom share grant 925 equivalents Deferred phantom share equivalents awarded to director

Reference price $46.62 per equivalent Reference value for the 925-unit phantom grant

Total phantom balance 21,266 equivalents Deferred phantom share equivalents after transaction

Dividend reinvestment accrual 183 equivalents Additional phantom equivalents from automatic dividend reinvestment

Key Terms

Deferred phantom share equivalents, non-qualified deferred compensation plan, automatic dividend reinvestment

3 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.

automatic dividend reinvestment financial

"additional phantom share equivalents accrued to the account through automatic dividend reinvestment"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 04:35 PM Accepted by SEC EDGAR 07/01/2026 - 04:35 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^*

BOWERS WILLIAM P

(Last)

(First)

(Middle)

10 S DEARBORN STREET

54TH FLOOR

(Street)

CHICAGO

ILLINOIS

60603

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
EXELON CORP [ EXC ]

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 phantom share equivalents	⁽¹⁾	06/30/2026		A		925		⁽¹⁾	⁽¹⁾	Common Stock	925	$46.62	21,266⁽²⁾	D

Explanation of Responses:

1. 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. Phantom share equivalents will be settled for cash on a 1 for 1 basis upon the termination of the reporting person's service to the board of directors.

2. Balance includes 183 additional phantom share equivalents accrued to the account through automatic dividend reinvestment.

Remarks:

	David T Skinner, attorney-in-fact for William P Bowers	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 insider transaction did EXELON CORP (EXC) director William P. Bowers report?

Director William P. Bowers reported receiving 925 deferred phantom share equivalents tied to Exelon common stock at a reference value of $46.62. This award is part of his compensation and increased his deferred balance to 21,266 equivalents.

Did the EXC Form 4 filing show any open-market buying or selling by William P. Bowers?

The filing shows a grant of 925 deferred phantom share equivalents coded as an acquisition (A), not an open-market purchase or sale. It reflects compensation and deferred cash-settled exposure, rather than trading in Exelon common stock.