Exelon sets CEO Calvin Butler's compensation: $1.25M base, $8M LTI target

EXELON CORP

Annual base salary of $1,250,000; AIP target 140% of base salary.
LTI target award valued at $8,000,000 for 2023-2025 cycle (67% performance shares, 33% RSUs).
Personal aircraft use capped at 100 hours and $300,000 incremental cost.
Temporary housing in Chicago for six months to facilitate role assumption.
Eligible for same health, welfare, retirement, relocation, and severance plans as other executives.

item 5.02 item 9.01

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Appointed

Calvin Butler

President and Chief Executive Officer

EXC · EXELON CORP

Effective: 2022-12-31
Filed: December 12, 2022, 6:59 PM ET

On November 2, 2022, Exelon announced that Calvin Butler will become President and Chief Executive Officer of Exelon Corporation (Exelon) effective December 31, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Calvin Butler was appointed as President and Chief Executive Officer at EXELON CORP.

Action: will become
Role: President and Chief Executive Officer

Exact text from the filing

On November 2, 2022, Exelon announced that Calvin Butler will become President and Chief Executive Officer of Exelon Corporation (Exelon) effective December 31, 2022.

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EXELON CORP filing history →

Source: SEC EDGAR

accession 0001109357-22-000116

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