James Mchugh - Jan 30, 2023 Form 4 Insider Report for Constellation Energy Corp (CEG)

Role
EVP & Chief Commercial Officer
Signature
/s/ Brian Buck, Attorney-in-Fact for James McHugh
Stock symbol
CEG
Transactions as of
Jan 30, 2023
Transactions value $
-$1,964,169
Form type
4
Date filed
2/1/2023, 08:10 PM
Previous filing
Feb 10, 2022
Next filing
Feb 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CEG Common Stock Options Exercise +40.9K +353.81% 52.5K Jan 30, 2023 Direct F1
transaction CEG Common Stock Tax liability -$1.32M -16K -30.52% $82.40 36.4K Jan 30, 2023 Direct
transaction CEG Common Stock Disposed to Issuer -$645K -7.82K -21.47% $82.40 28.6K Jan 30, 2023 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 CEG Restricted Stock Units Options Exercise $0 -13.2K -52.07% $0.00 12.2K Jan 30, 2023 Common Stock 13.2K Direct F2, F3
transaction CEG Restricted Stock Units Options Exercise $0 -27.7K -100% $0.00* 0 Jan 30, 2023 Common Stock 27.7K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Common shares acquired from vested equity awards granted under the Issuer's Long-term Incentive Plan ("LTIP").
F2 Restricted stock units ("RSUs") vest in 1/3 increments on the dates of the Compensation Committee's first-quarter meetings held in the first, second, and third years after the grant date. Each RSU represents the right to receive one share of Common Stock upon vesting, and does not expire. These RSUs accrue quarterly dividend equivalents in the form of additional RSUs representing Common Stock dividends as approved by the Issuer's board of directors, which vest on the same schedule as the underlying RSU.
F3 The RSU award acquired approximately 209 additional shares through automatic dividend reinvestment, including approximately 109 shares that vested on January 30, 2023.
F4 RSUs cliff vested on January 30, 2023. Each RSU represents the right to receive one share of Common Stock upon vesting, and does not expire. These RSUs do not accrue quarterly dividends.