Constellation Energy (CEG) director receives new deferred stock units award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Constellation Energy Corp director Robert J. Lawless reported a compensation-related award of 556 shares of Common Stock (Deferred Stock Units) at $305.71 per share equivalent. These units are deferred stock-based compensation rather than an open-market purchase or sale.
After this award, Lawless held 51,340 deferred stock units of common stock directly and 1,091 shares of common stock, including approximately 262 shares acquired through quarterly automatic dividend reinvestments. He also held cash-settled phantom positions tied to Constellation Energy common stock, including 54,398 phantom share equivalents in a non-qualified deferred compensation plan and 56,111 phantom deferred stock units. Balances in these phantom accounts increase over time through additional credits from quarterly automatic dividend reinvestment features.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
LAWLESS ROBERT J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (Deferred Stock Units) | 556 | $305.71 | $170K |
| holding | Phantom Deferred Stock Units | -- | -- | -- |
| holding | Deferred Compensation - Phantom Share Equivalents | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock (Deferred Stock Units) — 51,340 shares (Direct, null);
Phantom Deferred Stock Units — 56,111 shares (Direct, null);
Deferred Compensation - Phantom Share Equivalents — 54,398 shares (Direct, null);
Common Stock — 1,091 shares (Direct, null)
Footnotes (1)
- Balance includes approximately 262 shares acquired through quarterly automatic dividend reinvestments. Phantom deferred stock units converted from the legacy Constellation Energy Group Inc. Deferred Compensation Plan for Non-employee Directors (the "Plan") that will be settled in cash on a 1-for-1 basis using the year-end price of Constellation Energy Corporation common stock in the year of termination of the reporting person's service. Balance updated to reflect approximately 85 additional stock units credited through the quarterly automatic dividend reinvestment feature of the Plan. Phantom share equivalents acquired in the reporting person's Constellation Energy Corporation 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 70 share equivalents accrued through quarterly automatic dividend reinvestments.
Key Figures
Deferred stock units granted: 556 shares
Grant reference price: $305.71 per share
Deferred stock units held: 51,340 units
+5 more
8 metrics
Deferred stock units granted
556 shares
Common Stock (Deferred Stock Units) grant at $305.71
Grant reference price
$305.71 per share
Deferred Stock Units grant value
Deferred stock units held
51,340 units
Common Stock (Deferred Stock Units) after transaction
Common shares held
1,091 shares
Direct Constellation Energy common stock holding
Phantom share equivalents
54,398 equivalents
Deferred Compensation - Phantom Share Equivalents underlying shares
Phantom deferred stock units
56,111 units
Phantom Deferred Stock Units underlying shares
Dividend reinvestment common shares
262 shares
Approximate shares from quarterly automatic dividend reinvestments
Additional phantom units from reinvestment
85 and 70 units
Approximate additional phantom units from dividend reinvestments in two plans
Key Terms
Phantom deferred stock units, non-qualified deferred compensation plan, automatic dividend reinvestments, Deferred Compensation Plan for Non-employee Directors, +1 more
5 terms
Phantom deferred stock units financial
"Phantom deferred stock units converted from the legacy Constellation Energy Group Inc. Deferred Compensation Plan for Non-employee Directors"
Phantom deferred stock units are promises by a company to pay the cash value (or sometimes actual shares) tied to its stock at a future date rather than issuing real shares now; think of them as an IOU that tracks the company’s share price. They matter to investors because they create a future cash or accounting cost for the company without diluting existing ownership immediately, affecting reported profits and future cash flow when the promises become payable.
non-qualified deferred compensation plan financial
"stock fund account that is part of a multi-fund, non-qualified deferred compensation plan and will be settled in cash"
An arrangement where an employer agrees to pay part of an employee’s salary or bonus at a later date, often to attract or keep key staff. Think of it as a company IOU or a delayed paycheck held on the company’s books rather than in a protected retirement account; investors care because these promises create future cash obligations that are typically unsecured and depend on the company’s financial health, affecting risk, liabilities, and cash-flow planning.
automatic dividend reinvestments financial
"Balance includes approximately 262 shares acquired through quarterly automatic dividend reinvestments"
Deferred Compensation Plan for Non-employee Directors financial
"converted from the legacy Constellation Energy Group Inc. Deferred Compensation Plan for Non-employee Directors"
FAQ
What insider transaction did CEG director Robert J. Lawless report?
Robert J. Lawless reported receiving 556 shares of Common Stock as Deferred Stock Units at a value of $305.71 per share. This was a grant or award of stock-based compensation, not an open-market trade, and increases his deferred equity exposure to Constellation Energy.
How many Constellation Energy (CEG) deferred stock units does Robert J. Lawless hold?
Following the latest grant, Robert J. Lawless directly holds 51,340 Deferred Stock Units tied to Constellation Energy common stock. These units represent deferred director compensation and accumulate over time, including additional credits from quarterly automatic dividend reinvestment according to the plan footnotes.
What are the phantom deferred stock units reported by CEG director Robert J. Lawless?
Lawless holds 56,111 Phantom Deferred Stock Units and 54,398 Deferred Compensation Phantom Share Equivalents, each linked 1-for-1 to Constellation Energy common stock. These positions are part of non-qualified deferred compensation plans and will be settled in cash upon termination of his board service.
Did the CEG Form 4 for Robert J. Lawless disclose any stock sales?
The Form 4 for Robert J. Lawless did not report any open-market sales or purchases of Constellation Energy stock. It primarily shows a grant of 556 Deferred Stock Units and updated balances in his common stock, deferred stock units, and cash-settled phantom share equivalent accounts.