Exelon Corp (EXC) director receives deferred share and phantom unit grants

Rhea-AI Filing Summary

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

Exelon Corp director William P. Bowers reported equity-based compensation awards rather than open-market trades. He received 880 deferred phantom share equivalents tied to Exelon common stock at a reference price of $49.02 each, bringing his phantom share balance to 20,158 equivalents.

He was also credited with 878 common stock deferred stock units at a reference price of $49.82 through the Exelon Corp Directors Deferred Stock Unit Plan, increasing that indirect holding to 19,978 units. A separate line shows a direct holding of 4,500 common shares. Footnotes note additional shares and phantom equivalents accrued through automatic dividend reinvestment and that phantom share equivalents are settled for cash after his board service ends.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider BOWERS WILLIAM P

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred phantom share equivalents	880	$49.02	$43K
Grant/Award	Common stock- deferred stock units	878	$49.82	$44K
holding	Common Stock	--	--	--

Holdings After Transaction: Deferred phantom share equivalents — 20,158 shares (Direct); Common stock- deferred stock units — 19,978 shares (Indirect, By Exelon Corp. Directors Deferred Stock Unit Plan); Common Stock — 4,500 shares (Direct)

Footnotes (1)

1. Balance includes 160 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 161 additional phantom share equivalents accrued to the account through automatic dividend reinvestment.

Key Figures

Deferred phantom share award: 880 equivalents at $49.02 Phantom share balance: 20,158 equivalents Deferred stock unit award: 878 units at $49.82 +4 more

7 metrics

Deferred phantom share award 880 equivalents at $49.02 Grant of deferred phantom share equivalents on 2026-03-31

Phantom share balance 20,158 equivalents Total deferred phantom share equivalents after award

Deferred stock unit award 878 units at $49.82 Common stock deferred stock units credited on 2026-03-31

Deferred stock unit balance 19,978 units Indirect common stock deferred stock units after award

Direct common shares 4,500 shares Directly held Exelon common stock reported as a holding entry

Dividend reinvestment shares 160 shares Additional shares acquired via automatic dividend reinvestment

Dividend reinvestment phantom equivalents 161 equivalents Additional phantom share equivalents from automatic dividend reinvestment

Key Terms

Deferred phantom share equivalents, non-qualified deferred compensation plan, automatic dividend reinvestment, Directors Deferred Stock Unit Plan, +1 more

5 terms

Deferred phantom share equivalents financial

"Deferred phantom share equivalents held in the reporting person's Exelon stock fund account"

non-qualified deferred compensation plan financial

"account that is 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 160 additional shares acquired through automatic dividend reinvestment"

Directors Deferred Stock Unit Plan financial

"By Exelon Corp. Directors Deferred Stock Unit Plan"

phantom share equivalents financial

"Balance includes 161 additional phantom share equivalents accrued to the account"

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^*

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)
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	19,978(1)	I	By Exelon Corp. Directors Deferred Stock Unit Plan
Common Stock								4,500	D

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		880		(2)	(2)	Common Stock	880	$49.02	20,158(3)	D

Explanation of Responses:

1. Balance includes 160 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 161 additional phantom share equivalents accrued to the account through automatic dividend reinvestment.

Remarks:

	Nevin S Boparai, attorney in fact for William P Bowers	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 insider transactions did Exelon Corp (EXC) director William P. Bowers report?

William P. Bowers reported receiving 880 deferred phantom share equivalents and 878 common stock deferred stock units as compensation-related awards, plus disclosed a direct holding line of 4,500 common shares. These are not open-market purchases or sales.

Were the Exelon (EXC) Form 4 transactions open-market buys or sells?

No, the Form 4 shows grant or award acquisitions, not market trades. The transactions reflect deferred phantom share equivalents and deferred stock units credited under compensation and director plans, with no reported open-market buying or selling activity.

How many deferred phantom share equivalents does the Exelon (EXC) director now hold?

After the reported award of 880 deferred phantom share equivalents, the director’s total phantom share balance is 20,158 equivalents. Footnotes explain these are part of a non-qualified deferred compensation plan and will be settled for cash on a one-for-one basis after board service ends.

What are the deferred stock units reported for Exelon (EXC) on this Form 4?

The filing shows 878 common stock deferred stock units credited at a reference price of $49.82, held indirectly through the Exelon Corp Directors Deferred Stock Unit Plan. After this award, the indirect deferred stock unit balance stands at 19,978 units for the reporting person.

Does the Exelon (EXC) Form 4 mention dividend reinvestment for the director’s holdings?

Yes. Footnotes state that balances include 160 additional shares and 161 additional phantom share equivalents acquired through automatic dividend reinvestment. This indicates certain holdings grow over time as dividends are reinvested into additional share or phantom share equivalents.

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

Footnotes explain that phantom share equivalents in the Exelon stock fund account are part of a non-qualified deferred compensation plan. These phantom equivalents will be settled for cash on a one-for-one basis after the director’s service on the board ends.