# EDGAR Filing Document

**Accession Number:** 0001735897
**File Stem:** 0001735897-26-000002
**Filing Date:** 2026-2
**Character Count:** 9411
**Document Hash:** c48891c29876773a0c685092066f964c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001735897-26-000002.hdr.sgml**: 20260204

**ACCESSION NUMBER**: 0001735897-26-000002

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260202

**FILED AS OF DATE**: 20260204

**DATE AS OF CHANGE**: 20260204

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Innocenzo Michael
- **CENTRAL INDEX KEY:** 0001735897

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-16169
- **FILM NUMBER:** 26598603

**MAIL ADDRESS:**
- **STREET 1:** 10 S. DEARBORN STREET
- **STREET 2:** 54TH FLOOR
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EXELON CORP
- **CENTRAL INDEX KEY:** 0001109357
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC & OTHER SERVICES COMBINED [4931]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 232990190
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 10 S. DEARBORN STREET
- **STREET 2:** PO BOX 805379
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60680-5379
- **BUSINESS PHONE:** 8004833220

**MAIL ADDRESS:**
- **STREET 1:** 10 S. DEARBORN STREET
- **STREET 2:** PO BOX 805379
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60680-5379

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EXELON Corp
- **DATE OF NAME CHANGE:** 20180928

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EXELON CORP
- **DATE OF NAME CHANGE:** 20000315

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Innocenzo Michael<br><sub>(Last) (First) (Middle)</sub><br>10 S DEARBORN STREET<br>54TH FLOOR<br><sub>(Street)</sub><br>CHICAGO, IL 60603<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2026-02-02 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_EVP & Chief Operating Officer_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>EXELON CORP [ EXC ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2026-02-02 |  | M |  | 2432 | A | <sup>(1)</sup> | 78511 | D |  |
| Common Stock | 2026-02-02 |  | M |  | 5748 | A | <sup>(1)</sup> | 84259 | D |  |
| Common Stock | 2026-02-02 |  | M |  | 7734 | A | <sup>(1)</sup> | 91993 | D |  |
| Common Stock | 2026-02-02 |  | M |  | 11555 | A | <sup>(2)</sup> | 103548 | D |  |
| Common Stock | 2026-02-02 |  | F |  | 9547 | D | $43.91 | 94001 | D |  |
| Common Stock | 2026-02-02 |  | D |  | 7199 | D | $43.91 | 86802 | D |  |
| Common Stock ESPP |  |  |  |  |  |  |  | 2835 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 2023 Restricted Stock Units<sup>(3)</sup> | <sup>(1)</sup> | 2026-02-02 |  | M |  |  | 2432 | <sup>(1)</sup> | <sup>(1)</sup> | Common Stock | 2432 | <sup>(1)</sup> | 0 | D |  |
| 2024 Restricted Stock Units<sup>(4)</sup> | <sup>(1)</sup> | 2026-02-02 |  | M |  |  | 5748 | <sup>(1)</sup> | <sup>(1)</sup> | Common Stock | 5748 | <sup>(1)</sup> | 5746 | D |  |
| 2025 Restricted Stock Units<sup>(5)</sup> | <sup>(1)</sup> | 2026-02-02 |  | M |  |  | 7734 | <sup>(1)</sup> | <sup>(1)</sup> | Common Stock | 7734 | <sup>(1)</sup> | 15466 | D |  |
| 2026 Restricted Stock Units | <sup>(1)</sup> | 2026-02-02 |  | A |  | 20668 |  | <sup>(1)</sup> | <sup>(1)</sup> | Common Stock | 20668 | $0 | 20668 | D |  |
| 2023-2025 Performance Shares | <sup>(2)</sup> | 2026-02-02 |  | A |  | 11555 |  | <sup>(2)</sup> | <sup>(2)</sup> | Common Stock | 11555 | $0 | 11555 | D |  |
| 2023-2025 Performance Shares | <sup>(2)</sup> | 2026-02-02 |  | M |  |  | 11555 | <sup>(2)</sup> | <sup>(2)</sup> | Common Stock | 11555 | <sup>(2)</sup> | 0 | D |  |
| Deferred phantom share equivalents | <sup>(6)</sup> |  |  |  |  |  |  | <sup>(6)</sup> | <sup>(6)</sup> | Common Stock | 2274 |  | 2274<sup>(7)</sup> | D |  |

---

### Footnotes:

(1) 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.

(2) 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.

(3) Balance at the time of this vesting includes 87 additional shares acquired through automatic dividend reinvestment during 2025.

(4) Balance at the time of this vesting includes 412 additional shares acquired through automatic dividend reinvestment during 2025.

(5) Balance at the time of this vesting includes 831 additional shares acquired through automatic dividend reinvestment during 2025.

(6) 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.

(7) Balance as of 12/31/2025 and includes 79 phantom share equivalents accrued during 2025 through automatic dividend reinvestment.

**Signature:** David T Skinner, attorney-in-fact for Michael Innocenzo  
**Date:** 2026-02-04

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**