Exelon (EXC) director granted deferred stock units and phantom shares

Rhea-AI Filing Summary

Cheshire Marjorie Rodgers reported acquisition or exercise transactions in this Form 4 filing.

Exelon Corp director Marjorie Rodgers received additional deferred equity-based awards on March 31, 2026. She was granted 421 deferred phantom share equivalents tied to Exelon common stock at a reference price of $49.02, bringing her balance in this account to 10,013 phantom share equivalents.

She also received 878 deferred stock units of Exelon common stock at a reference price of $49.82 through the Exelon Corp. Directors Deferred Stock Unit Plan, increasing that indirect holding to 25,723 units. Footnotes note additional shares and phantom share equivalents have accumulated over time through automatic dividend reinvestment, and phantom share equivalents will be settled for cash on a 1-for-1 basis after her board service ends.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Cheshire Marjorie Rodgers

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred phantom share equivalents	421	$49.02	$21K
Grant/Award	Common stock- deferred stock units	878	$49.82	$44K

Holdings After Transaction: Deferred phantom share equivalents — 10,013 shares (Direct); Common stock- deferred stock units — 25,723 shares (Indirect, By Exelon Corp. Directors Deferred Stock Unit Plan)

Footnotes (1)

1. Balance includes 208 additional shares acquired through automatic dividend reinvestment. 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 80 additional phantom share equivalents accrued to the account through automatic dividend reinvestment.

Key Figures

Deferred phantom share equivalents granted: 421 units at $49.02 Phantom share equivalents balance: 10,013 units Deferred stock units granted: 878 units at $49.82 +3 more

6 metrics

Deferred phantom share equivalents granted 421 units at $49.02 Grant on March 31, 2026 to director

Phantom share equivalents balance 10,013 units After March 31, 2026 grant

Deferred stock units granted 878 units at $49.82 Credited to Directors Deferred Stock Unit Plan

Deferred stock units balance 25,723 units Indirect holdings after award on March 31, 2026

Additional shares via dividend reinvestment 208 shares Included in balance through automatic dividend reinvestment

Additional phantom equivalents via reinvestment 80 units Accrued through automatic dividend reinvestment

Key Terms

Deferred phantom share equivalents, Common stock- deferred stock units, non-qualified deferred compensation plan, automatic dividend reinvestment, +1 more

5 terms

Deferred phantom share equivalents financial

"security_title: "Deferred phantom share equivalents""

Common stock- deferred stock units financial

"security_title: "Common stock- deferred stock units""

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

"Balance includes 208 additional shares acquired through automatic dividend reinvestment."

Exelon Corp. Directors Deferred Stock Unit Plan financial

"By Exelon Corp. Directors Deferred Stock Unit Plan"

Form 4 Insider Transactions: What Each Field Means →

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^*

Cheshire Marjorie Rodgers

(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)
03/31/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common stock- deferred stock units	03/31/2026		A		878	A	$49.82	25,723(1)	I	By Exelon Corp. Directors Deferred Stock Unit Plan

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Deferred phantom share equivalents	(2)	03/31/2026		A		421		(2)	(2)	Common Stock	421	$49.02	10,013(3)	D

Explanation of Responses:

1. Balance includes 208 additional shares acquired through automatic dividend reinvestment.

2. 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.

3. Balance includes 80 additional phantom share equivalents accrued to the account through automatic dividend reinvestment.

Remarks:

	Nevin S Boparai, attorney in fact for Marjorie Rodgers Cheshire	04/01/2026
	** 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)

FAQ

What did Exelon (EXC) director Marjorie Rodgers report in this Form 4?

She reported receiving equity-based compensation awards rather than buying shares on the market. These included deferred phantom share equivalents and deferred stock units that track Exelon common stock value and are part of the company’s director compensation and deferred compensation arrangements.

How many deferred phantom share equivalents did the Exelon (EXC) director receive?

She was granted 421 deferred phantom share equivalents tied to Exelon common stock at a reference price of $49.02. After this grant and prior accruals, her total balance in this phantom share equivalents account reached 10,013 units, according to the disclosure.

What new deferred stock units did Marjorie Rodgers report under Exelon (EXC)?

She received 878 common stock deferred stock units credited under the Exelon Corp. Directors Deferred Stock Unit Plan at a reference price of $49.82. Following this award, her indirect holdings in this plan totaled 25,723 deferred stock units, representing accumulated director compensation.

How are Exelon (EXC) phantom share equivalents settled for the director?

The phantom share equivalents are held in an Exelon stock fund within a non-qualified deferred compensation plan and are settled for cash on a 1-for-1 basis. Settlement occurs upon termination of the director’s service on Exelon’s board, rather than through immediate delivery of common shares.

What role does dividend reinvestment play in the Exelon (EXC) director’s balances?

Footnotes state the balances include amounts from automatic dividend reinvestment. Specifically, 208 additional shares and 80 additional phantom share equivalents were credited over time, showing that cash dividends were automatically reinvested into additional units within the respective deferred compensation accounts.

Are these Exelon (EXC) Form 4 transactions open-market buys or routine awards?

They are routine compensation-related awards, not open-market purchases or sales. Both transactions use code “A” for grant, award, or other acquisition and are described as deferred phantom share equivalents and deferred stock units credited under Exelon’s non-qualified and director deferred compensation plans.