---
schema_version: "secwatch.filing_event.v1"
accession: "0001109357-22-000116"
form_type: "8-K/A"
ticker: "EXC"
cik: "0001109357"
company_name: "EXELON CORP"
filed_at: "2022-12-12T23:59:59+00:00"
generated_at: "2026-06-21T05:56:52.509213+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001109357-22-000116
- form_type: 8-K/A
- ticker: EXC
- cik: 0001109357
- company_name: EXELON CORP
- filed_at: 2022-12-12T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1109357/000110935722000116/0001109357-22-000116-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1109357/000110935722000116/exc-20221206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001109357-22-000116
- JSON: https://secwatch.observer/filing/0001109357-22-000116.json
- Plain text: https://secwatch.observer/filing/0001109357-22-000116.txt

## Key facts
- Executive change
  Calvin Butler was appointed as President and Chief Executive Officer at EXELON CORP.
  - Action: will become
  - Role: President and Chief Executive Officer
  source text: On November 2, 2022, Exelon announced that Calvin Butler will become President and Chief Executive Officer of Exelon Corporation (Exelon) effective December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1109357/000110935722000116/0001109357-22-000116-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.