0001062993-22-003613.txt : 20220210 0001062993-22-003613.hdr.sgml : 20220210 20220210204052 ACCESSION NUMBER: 0001062993-22-003613 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: Souza Fabian CENTRAL INDEX KEY: 0001644567 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-16169 FILM NUMBER: 22616236 MAIL ADDRESS: STREET 1: 10 S. DEARBORN STREET 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 0001644567 Souza Fabian 10 SOUTH DEARBORN STREET 54TH FLOOR CHICAGO IL 60603 0 1 0 0 SVP & Controller 2022 Restricted Stock Units 0 2022-02-08 4 A 0 5001 A Common Stock 5001 5001 D 2021 Restricted Stock Units 0 Common Stock 4510 4510 D 2020 Restricted Stock Units 0 Common Stock 2149 2149 D Earned Performance RSU 0 2022-02-08 4 A 0 12811 A Common Stock 12811 12811 D Restricted Stock Unit Award 04/05/2021 0 Common Stock 39424 39424 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 1,089 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 519 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. Identical adjustment as described in Note 2. As a result, the balance of this RSU award accrued an additional 9,521 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 cliff vest on April 5, 2026 and otherwise has substantially the same terms and conditions as the original award. Elizabeth M. Hensen, Attorney-in-Fact for Fabian E Souza 2022-02-10