secwatch.observer — SEC 8-K summary
======================================

Issuer:     EXELON CORP (EXC)
CIK:        0001109357
Form:       8-K/A
Filed at:   2022-12-12T23:59:59+00:00
Accession:  0001109357-22-000116
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1109357/000110935722000116/0001109357-22-000116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1109357/000110935722000116/exc-20221206.htm
  HTML page:      https://secwatch.observer/filing/0001109357-22-000116

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer