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Exelon (EXC) Form 4: William Bowers Boosts Equity via Deferred Plan

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

Rhea-AI Filing Summary

Form 4 filing for Exelon Corp. (EXC) discloses that director William P. Bowers increased his equity exposure on 30 June 2025.

  • Deferred stock units: 954 units acquired at $43.25 each through the Exelon Directors Deferred Stock Unit Plan, lifting his indirect balance to 16,734 units.
  • Phantom share equivalents: 1,594 equivalents credited at an implied price of $43.42, bringing his direct derivative balance to 15,163 equivalents.
  • The filing notes an additional 145 common shares and 121 phantom equivalents previously added via the plan’s dividend-reinvestment mechanism.
  • All phantom equivalents settle for cash on a 1-for-1 basis when Bowers leaves the board.

No open-market purchases or sales were reported; the activity stems from board compensation and reinvestment features.

Positive

  • Director increased holdings by 954 deferred stock units and 1,594 phantom equivalents, enhancing alignment with shareholders.

Negative

  • None.

Insights

TL;DR – Routine director compensation increases equity alignment; immaterial to EXC valuation.

The reported acquisitions are plan-based awards rather than discretionary market buys, suggesting standard compensation rather than a valuation call. The aggregate addition—roughly 2,548 share equivalents—represents an immaterial fraction of Exelon’s outstanding shares and therefore carries no meaningful impact on EPS or float. Nevertheless, continued accumulation aligns the director’s interests with shareholders, a modest corporate-governance positive. No red flags or unusual dispositions are evident.

Insider BOWERS WILLIAM P
Role Director
Type Security Shares Price Value
Grant/Award Deferred phantom share equivalents 1,594 $43.42 $69K
Grant/Award Common stock- deferred stock units 954 $43.25 $41K
holding Common Stock -- -- --
Holdings After Transaction: Deferred phantom share equivalents — 15,163 shares (Direct); Common stock- deferred stock units — 16,734 shares (Indirect, By Exelon Corp. Directors Deferred Stock Unit Plan); Common Stock — 4,500 shares (Direct)
Footnotes (1)
  1. Balance includes 145 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 121 additional phantom share equivalents that were accrued to the account by the plan administrator on the ex-dividend date.
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 IL 60603
(City) (State) (Zip)
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)
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 06/30/2025 A 954 A $43.25 16,734(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) 06/30/2025 A 1,594 (2) (2) Common Stock 1,594 $43.42 15,163(3) D
Explanation of Responses:
1. Balance includes 145 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 121 additional phantom share equivalents that were accrued to the account by the plan administrator on the ex-dividend date.
Remarks:
David T Skinner, attorney-in-fact for William P Bowers 07/01/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

How many deferred stock units did EXC director William P. Bowers acquire?

He acquired 954 deferred stock units on 06/30/2025.

What price was assigned to the deferred stock units?

The units were valued at $43.25 each according to the filing.

How many phantom share equivalents were added?

The Form 4 shows 1,594 phantom share equivalents credited to Bowers' account.

What is Bowers’ total indirect holding of deferred stock units after the transaction?

His indirect balance is 16,734 units following the reported acquisition.

When will the phantom share equivalents be settled?

They will be settled for cash on a 1-for-1 basis once Bowers’ board service ends.