EXELON CORP — Director's Dealing 2025

Feb 4, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EXELON CORP (EXC)
CIK: 0001109357
Period of Report: 2025-02-03

Reporting Person: Kleczynski Robert A (SVP, Controller & Tax)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-02-03	Common Stock	M	1233	—	Acquired	24272	Direct
2025-02-03	Common Stock	M	1422	—	Acquired	25694	Direct
2025-02-03	Common Stock	M	1624	—	Acquired	27318	Direct
2025-02-03	Common Stock	M	5749	—	Acquired	33067	Direct
2025-02-03	Common Stock	F	3108	$40.57	Disposed	29959	Direct
2025-02-03	Common Stock	D	2032	$40.57	Disposed	27927	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-02-03	2022 Restricted Stock Units	$	M	1233	Disposed		Common Stock (1233)	Direct
2025-02-03	2023 Restricted Stock Units	$	M	1422	Disposed		Common Stock (1422)	Direct
2025-02-03	2024 Restricted Stock Units	$	M	1624	Disposed		Common Stock (1624)	Direct
2025-02-03	2025 Restricted Stock Units	$	A	6101	Acquired		Common Stock (6101)	Direct
2025-02-03	2022-2024 Performance Shares	$	A	5749	Acquired		Common Stock (5749)	Direct
2025-02-03	2022-2024 Performance Shares	$	M	5749	Disposed		Common Stock (5749)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Retention RSUs	$		Common Stock (22258)	22258	Direct
Deferred phantom share equivalents	$		Common Stock (1736)	1736	Direct

Footnotes

F1: Restricted stock unit (RSU) award granted under the Exelon Long-Term Incentive Plan (LTIP). Award vests in 1/3 increments at the January or February meeting of the Exelon Talent Management and Compensation Committee (TMCC) 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: Performance share award granted under the LTIP for the three-year performance period referenced in Column 1 based upon the TMCC's determination of performance achieved for the period. Each performance share represents the right to receive one share or the cash equivalent of one share pursuant to the LTIP's terms with respect to individual stock ownership levels. Performance share awards vest immediately on their grant date.

F3: Balance at the time of this vesting includes 49 additional shares acquired through automatic dividend reinvestment during 2024.

F4: Balance at the time of this vesting includes 113 additional shares acquired through automatic dividend reinvestment during 2024.

F5: Balance at the time of this vesting includes 194 additional shares acquired through automatic dividend reinvestment during 2024.

F6: Restricted stock unit (RSU) award granted under the Exelon LTIP on February 25, 2022. Each RSU represents 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. The award will cliff vest on February 25, 2025.

F7: Balance includes 887 additional shares acquired through automatic dividend reinvestment during 2024.

F8: 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.

F9: Balance as of January 31, 2025. Balance includes 65 additional phantom share equivalents acquired during 2024 through automatic dividend reinvestment.