0001062993-22-003611.txt : 20220210
0001062993-22-003611.hdr.sgml : 20220210
20220210204021
ACCESSION NUMBER: 0001062993-22-003611
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220208
FILED AS OF DATE: 20220210
DATE AS OF CHANGE: 20220210
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Nigro Joseph
CENTRAL INDEX KEY: 0001740087
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-16169
FILM NUMBER: 22616234
MAIL ADDRESS:
STREET 1: 10 S. DEARBORN STREET
STREET 2: 54TH FLOOR
CITY: CHICAGO
STATE: IL
ZIP: 60603
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: EXELON CORP
CENTRAL INDEX KEY: 0001109357
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931]
IRS NUMBER: 232990190
STATE OF INCORPORATION: PA
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: PO BOX 805398
CITY: CHICAGO
STATE: IL
ZIP: 60680-5398
BUSINESS PHONE: 3123947399
MAIL ADDRESS:
STREET 1: PO BOX 805398
CITY: CHICAGO
STATE: IL
ZIP: 60680-5398
FORMER COMPANY:
FORMER CONFORMED NAME: EXELON Corp
DATE OF NAME CHANGE: 20180928
FORMER COMPANY:
FORMER CONFORMED NAME: EXELON CORP
DATE OF NAME CHANGE: 20000315
4
1
form4.xml
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
X0306
4
2022-02-08
0001109357
EXELON CORP
EXC
0001740087
Nigro Joseph
10 S. DEARBORN STREET
54TH FLOOR
CHICAGO
IL
60603
0
1
0
0
Sr EVP & CFO
2022 Restricted Stock Units
0
2022-02-08
4
A
0
22976
A
Common Stock
22976
22976
D
2021 Restricted Stock Units
0
Common Stock
20717
20717
D
2020 Restricted Stock Units
0
Common Stock
7859
7859
D
Earned Performance RSU
0
2022-02-08
4
A
0
46861
A
Common Stock
46861
46861
D
Restricted stock units (RSU) awarded under the Exelon Long Term Incentive Plan (LTIP). Award vests in 1/3 increments at the January or February meeting of the Exelon Compensation Committee with each RSU representing the right to receive one share of Exelon common stock upon vesting. RSUs accrue quarterly dividend equivalents in the form of additional RSUs representing common stock dividends as approved by the Board, which vest on the same schedule as the underlying RSU.
In connection with the separation of Constellation Energy Corp (Constellation) from Exelon effective February 1, 2022 (the Spin-Off), the unvested balance of RSU awards outstanding immediately prior to the Spin-Off were adjusted to preserve their intrinsic value post-Spin Off. As a result, the balance of this RSU award accrued an additional 5,003 RSUs. Such adjustment is exempt from Section 16 of the Securities Exchange Act of 1934, as amended (Exchange Act) pursuant to Rule 16a-9 under the Exchange Act. The award will continue to vest on its original schedule and otherwise has substantially the same terms and conditions as the original award.
Identical adjustment as described in Note 2. As a result, the balance of this RSU award accrued an additional 1,898 RSUs. Such adjustment is exempt from Section 16 of the Securities Exchange Act of 1934, as amended (Exchange Act) pursuant to Rule 16a-9 under the Exchange Act. The award will continue to vest on its original schedule and otherwise has substantially the same terms and conditions as the original award.
RSUs awarded under the LTIP. Award cliff vests at the January 2023 meeting of the Exelon Compensation Committee with each RSU representing the right to receive one share of Exelon common stock upon vesting. RSUs accrue quarterly dividend equivalents in the form of additional RSUs representing common stock dividends as approved by the Board, which vest on the same schedule as the underlying RSU. In connection with Spin-Off, this award replaces the 2020 to 2022 performance share award. The Exelon Compensation Committee approved the conversion and replacement to the outstanding award target based on 2021 year-end performance, as adjusted for the Spin-Off.
Elizabeth M. Hensen, Attorney-in-Fact for Joseph Nigro
2022-02-10