Carim V. Khouzami - Apr 1, 2024 Form 4 Insider Report for EXELON CORP (EXC)

Role: CEO of BGE
Signature: Melissa E Ramirez, attorney-in-fact for Carim V Khouzami
Stock symbol: EXC
Transactions as of: Apr 1, 2024
Transactions value $: $0
Form type: 4
Date filed: 4/26/2024, 04:18 PM
Previous filing: Jan 31, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	EXC	Common Stock						16.4K	Apr 1, 2024	Direct
holding	EXC	Common Stock 401k						8.83K	Apr 1, 2024	Direct

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

Type	Sym	Class	Shares After	Date	Underlying Class	Amount	Ownership	Footnotes
holding	EXC	2024 Restricted Stock Units	7.8K	Apr 1, 2024	Common Stock	7.8K	Direct	F1
holding	EXC	2023 Restricted Stock Units	4.55K	Apr 1, 2024	Common Stock	4.55K	Direct	F1
holding	EXC	2022 Restricted Stock Units	2.28K	Apr 1, 2024	Common Stock	2.28K	Direct	F1
holding	EXC	Deferred phantom share equivalents	766	Apr 1, 2024	Common Stock	766	Direct	F2

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

Carim V. Khouzami is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Restricted stock unit (RSU) award granted under the Exelon LTIP. Award vests in 1/3 increments at the January or February meeting of the Exelon Comp. Committee with each RSU representing the right to receive one share of Exelon common stock upon vesting. The award accrues additional RSUs each quarter through automatic dividend reinvestment and the additional RSUs vest on the same schedule as the underlying award.
F2	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. The stock fund is a unitized fund that consists of both Exelon common stock and short-term liquid investments. Units of the fund are acquired through quarter-end contributions and dividend reinvestment and will be settled for cash upon the termination of the reporting person. The balance of phantom share equivalents may fluctuate due to changes in the value of the fund units.

Content

Restricted stock unit (RSU) award granted under the Exelon LTIP. Award vests in 1/3 increments at the January or February meeting of the Exelon Comp. Committee with each RSU representing the right to receive one share of Exelon common stock upon vesting. The award accrues additional RSUs each quarter through automatic dividend reinvestment and the additional RSUs vest on the same schedule as 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. The stock fund is a unitized fund that consists of both Exelon common stock and short-term liquid investments. Units of the fund are acquired through quarter-end contributions and dividend reinvestment and will be settled for cash upon the termination of the reporting person. The balance of phantom share equivalents may fluctuate due to changes in the value of the fund units.

Remarks:

The Board of Directors of Exelon has determined that, as of April 1, 2024, Mr. Khouzami is no longer subject to the reporting provisions of Section 16 of the Securities Exchange Act of 1934. Mr. Khouzami is and will remain an officer of Exelon and continue to perform his duties as the CEO of BGE. This form is being filed solely to indicate that Mr. Khouzami is no longer covered by the reporting system and is no longer subject to the reporting requirements of Section 16 with respect to Exelon securities.