Constellation Energy Corp — Director's Dealing 2022

Apr 5, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Constellation Energy Corp (CEG)
CIK: 0001868275
Period of Report: 2022-03-31

Reporting Person: LAWLESS ROBERT J (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-03-31	Common Stock (Deferred Stock Units)	A	835	$51.32	Acquired	44187	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-03-31	Deferred Compensation - Phantom Share Equivalents	$	A	1258	Acquired		Common Stock (1258)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1091	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Deferred Stock Units	$		Common Stock (54380)	54380	Direct

Footnotes

F1: Balance includes approximately 119 shares acquired on March 10, 2022 through automatic dividend reinvestment.

F2: Phantom deferred stock units converted from the legacy Constellation Energy Group Inc. ("CEG") Deferred Compensation Plan for Non-employee Directors that will be settled in cash on a 1-for-1 basis using the year-end price of CEG common stock in the year of termination of the reporting person's service. Balance updated to reflect approximately 149 additional stock units credited on March 10, 2022 through the dividend reinvestment feature of the plan.

F3: Phantom share equivalents acquired in the reporting person's CEG stock fund account that is part of a multi-fund, non-qualified deferred compensation plan and will be settled in cash on a 1-for-1 basis upon termination of the reporting person's service. The balance of phantom share equivalents may fluctuate due to periodic changes in the fund composition. Balance also reflects approximately 34 share equivalents accrued on March 10, 2022 through automatic dividend reinvestment.

F4: The reporting person's prior Form 4 reported these as Phantom Deferred Stock Units, but in order to distinguish them from the phantom deferred stock units described in footnote 2, the title has been adjusted to Deferred Compensation - Phantom Share Equivalents. The aggregate amount reported in Column 9 also includes 12,865 phantom share equivalents acquired in connection with the separation of the Issuer from Exelon Corp. effective February 1, 2022 (the "Spin-Off"), as further described in the Issuer's current report on Form 8-K filed on February 2, 2022, which acquisition was exempt from Section 16 of the Securities Exchange Act of 1934, as amended ("Exchange Act") pursuant to Rule 16a-9 under the Exchange Act.