James Mchugh - Jan 6, 2022 Form 4 Insider Report for EXELON CORP (EXC)

Role: EVP & Chief Commercial Officer
Signature: Elizabeth M. Hensen, Attorney-in-Fact for James McHugh
Stock symbol: EXC
Transactions as of: Jan 6, 2022
Transactions value $: -$215,120
Form type: 4
Date filed: 1/10/2022, 04:17 PM
Previous filing: Dec 16, 2021
Next filing: Feb 1, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EXC	Common Stock	Options Exercise		+12.9K	+50.29%		38.5K	Jan 6, 2022	Direct	F1
transaction	EXC	Common Stock	Tax liability	-$215K	-3.79K	-9.86%	$56.73	34.7K	Jan 6, 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	EXC	2019 Restricted Stock Units	Options Exercise		-4.31K	-100%		0	Jan 6, 2022	Common Stock	4.31K	$0.00	Direct	F2, F3
transaction	EXC	2020 Restricted Stock Units	Options Exercise		-4.18K	-50.01%		4.18K	Jan 6, 2022	Common Stock	4.18K	$0.00	Direct	F2, F4
transaction	EXC	2021 Restricted Stock Units	Options Exercise		-4.39K	-33.34%		8.77K	Jan 6, 2022	Common Stock	4.39K	$0.00	Direct	F2, F5
holding	EXC	Deferred Compensation Phantom Shares						2.21K	Jan 6, 2022	Common Stock	2.21K	$0.00	Direct	F6
holding	EXC	Restricted Stock Unit Award 4/5/2021						20.5K	Jan 6, 2022	Common Stock	20.5K	$0.00	Direct	F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Common shares acquired through conversion of previously awarded and vested restricted stock units (RSUs) under the Exelon Long Term Incentive Plan.
F2	Vesting of previously granted restricted stock unit (RSU) awarded under Exelon Long Term Incentive Plan. Awards granted annually to vest in 1/3 increments at the January or February meetings of the 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 award.
F3	The RSU award accrued 30 additional shares during 2021 from the date that Mr. McHugh became a reporting person through automatic dividend reinvestment.
F4	The RSU award accrued 59 additional shares during 2021 from the date that Mr. McHugh became a reporting person through automatic dividend reinvestment.
F5	The RSU award accrued 93 additional shares during 2021 from the date that Mr. McHugh became a reporting person through automatic dividend reinvestment.
F6	Phantom share equivalents held in the Exelon stock fund within the Exelon Deferred Compensation Plan, which is multi-fund, non-qualified deferred compensation plan. The share equivalents within the fund will be settled in cash upon the reporting person's separation from the company for any reason. The balance includes 40 additional share equivalents acquired during 2021 from the date that Mr. McHugh became a reporting person through automatic dividend reinvestment.
F7	Restricted stock unit award granted pursuant to the Exelon LTI plan. The award accrues quarterly dividend equivalents in the form of additional RSUs representing common stock dividends as approved by the Board. All shares will cliff vest on April 5, 2025. Balance includes 144 additional shares accrued during 2021 from the date that Mr. McHugh became a reporting person through automatic dividend reinvestment.