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Exelon (EXC) director Anna Richo granted 3,720 RSUs and holds 7,930 deferred units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

RICHO ANNA reported acquisition or exercise transactions in this Form 4 filing.

Exelon Corp director Anna Richo reported a compensation-related equity grant and updated deferred holdings. She received 3,720 "2026 Directors Restricted Stock Units" on April 28, 2026, which are scheduled to fully vest and be settled in Exelon common stock on a 1-for-1 basis on April 28, 2027 under the Exelon Long-term Incentive Plan.

The filing also shows 7,930 deferred phantom share equivalents in a non-qualified deferred compensation plan, each linked 1-for-1 to Exelon common stock and payable in cash after her service on the board ends. No open-market buys or sells are reported in this filing.

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Insider RICHO ANNA
Role null
Type Security Shares Price Value
Grant/Award 2026 Directors Restricted Stock Units 3,720 $0.00 --
holding Deferred phantom share equivalents -- -- --
Holdings After Transaction: 2026 Directors Restricted Stock Units — 3,720 shares (Direct, null); Deferred phantom share equivalents — 7,930 shares (Direct, null)
Footnotes (1)
  1. Annual restricted stock unit (RSU) award subject to the Exelon Long-term Incentive Plan (LTIP) will fully vest and be settled in shares of Exelon common stock on a 1 for 1 basis. The award will accrue additional stock units through dividend reinvestment which will vest along with the underlying award. 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.
Director RSU grant 3,720 units 2026 Directors Restricted Stock Units granted on April 28, 2026
RSU vesting date April 28, 2027 Scheduled full vesting and share settlement 1-for-1
Deferred phantom equivalents 7,930 units Deferred phantom share equivalents tied 1-for-1 to common stock
RSU exercise/settlement price $0.00 per unit Restricted stock units granted at zero exercise price under LTIP
Restricted stock unit (RSU) financial
"Annual restricted stock unit (RSU) award subject to the Exelon Long-term Incentive Plan (LTIP)"
A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.
Deferred phantom share equivalents financial
"Phantom share equivalents held in the reporting person's Exelon stock fund account"
Long-term Incentive Plan (LTIP) financial
"Annual restricted stock unit (RSU) award subject to the Exelon Long-term Incentive Plan (LTIP)"
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
"The award will accrue additional stock units 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.
SEC Form 4
FORM 4UNITED 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*
RICHO ANNA

(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/28/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
2026 Directors Restricted Stock Units(1)04/28/2026A3,72004/28/202704/28/2027Common Stock3,720$03,720D
Deferred phantom share equivalents(2) (2) (2)Common Stock7,9307,930D
Explanation of Responses:
1. Annual restricted stock unit (RSU) award subject to the Exelon Long-term Incentive Plan (LTIP) will fully vest and be settled in shares of Exelon common stock on a 1 for 1 basis. The award will accrue additional stock units through dividend reinvestment which will vest along with the underlying award.
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.
Remarks:
David T Skinner, attorney-in-fact for Anna Richo04/29/2026
** Signature of Reporting PersonDate
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 Anna Richo report in this Form 4?

Exelon director Anna Richo reported a grant of 3,720 restricted stock units and disclosed 7,930 deferred phantom share equivalents. These awards are part of director compensation and do not reflect any open-market share purchases or sales.

How many restricted stock units did Anna Richo receive from Exelon (EXC)?

Anna Richo received 3,720 restricted stock units as a 2026 director award. These RSUs are scheduled to fully vest and be settled in Exelon common stock on a 1-for-1 basis on April 28, 2027, subject to the company’s long-term incentive plan.

When do Anna Richo’s Exelon (EXC) director RSUs vest and settle?

The 3,720 director restricted stock units are expected to fully vest and be settled in Exelon common stock on April 28, 2027. Settlement occurs on a 1-for-1 share basis under the Exelon Long-term Incentive Plan, assuming standard plan conditions are met.

What are the 7,930 deferred phantom share equivalents reported for Exelon (EXC)?

The 7,930 deferred phantom share equivalents represent units in an Exelon stock fund within a non-qualified deferred compensation plan. Each unit tracks one share of Exelon stock but will be settled in cash, 1-for-1, after Richo’s service on the board ends.

Did Exelon (EXC) director Anna Richo buy or sell common stock in this filing?

The filing does not show any open-market purchases or sales of Exelon common stock by Anna Richo. It reports a grant of restricted stock units and existing deferred phantom share equivalents held in a compensation plan, rather than discretionary stock trading.

How are dividends treated on Anna Richo’s Exelon (EXC) RSU award?

Dividends on the underlying Exelon common stock accrue as additional stock units on the RSU award. These dividend-related units vest along with the original restricted stock units and are settled on the same schedule and 1-for-1 share basis.