David DeWalt
On March 10, 2025, the Board of Directors ("Board") of Exelon Corporation (“Exelon”) appointed David DeWalt as an independent director of Exelon, effective immediately.
Highest-materiality recent filing
Exelon Reports First Quarter 2026 Adjusted Earnings of $0.91 Per Share, Affirms Full-Year Guidance
GAAP net income of $0.90 per share and adjusted operating earnings of $0.91 per share for Q1 2026.
Exelon shareholders elect all 9 director nominees, ratify auditor, approve say-on-pay
All nine director nominees elected with 92.8% to 99.3% of votes cast, broker non-votes excluded.
Exelon subsidiary PECO withdraws rate case filings; Maryland utility regulation changes
PECO withdrew electric and gas rate filings with PA PUC, citing customer affordability; delays grid modernization investments.
Exelon issues $775M of 4.950% Notes due 2036 to refinance maturing 3.400% Notes
Issued $775M in 4.950% Notes due March 15, 2036; interest payable semi-annually.
Exelon Q4 adj EPS $0.59 vs $0.64 YoY; FY25 $2.77; FY26 guide $2.81-$2.91
Q4 2025 GAAP EPS $0.58, adj EPS $0.59; full-year adj EPS $2.77 ($2.50 YoY).
Exelon assigns David DeWalt to two board committees, effective April 27, 2026
David DeWalt appointed to Talent Management and Compensation Committee.
Exelon closes $1B of 3.25% convertible notes due 2029; net proceeds ~$987.5M
Issued $1B aggregate principal (incl. $100M over-allotment) of 3.25% convertible senior notes due March 15, 2029.
Exelon EVP Glockner to depart Jan 1, 2026; duties split between CFO and CLS
David Glockner, EVP Compliance, Audit and Risk, departs effective Jan 1, 2026; receives severance per existing plan.
Preliminary approval granted Nov 18, 2025 for consolidated derivative settlement related to ComEd bribery scheme.
Exelon announces ESP blackout period from Dec 3 to Dec 22, 2025
Blackout due to vendor change for Employee Savings Plan; starts Dec 3, 2025 at 4pm ET, ends week of Dec 22, 2025.
Exelon Q3 adjusted EPS $0.86, up from $0.71; reaffirms FY2025 guidance $2.64-$2.74
GAAP EPS $0.86, adjusted EPS $0.86 in Q3 2025 vs. $0.70/$0.71 year ago; net income $875M, up $168M.
Exelon Q2 adjusted EPS $0.39, down from $0.47 YoY; reaffirms FY guidance $2.64-2.74
GAAP net income $391M ($0.39/diluted) vs $448M ($0.45) in Q2 2024; adjusted operating earnings $392M ($0.39) vs $472M ($0.47).
Exelon shareholders elect all 9 director nominees, ratify PwC, approve say-on-pay
All nine director nominees elected with support ranging from 94.4% (Linda Jojo) to 99.7% (David DeWalt).
Exelon establishes $2.5B at-the-market equity offering program
May sell up to $2.5B aggregate gross sales price of common stock via sales agents and forward sellers.
Exelon Q1 adjusted EPS $0.92, reaffirms FY2025 guidance $2.64-$2.74
GAAP EPS $0.90, adjusted EPS $0.92 for Q1 2025, up from $0.66 and $0.68 YoY.
Exelon appoints David DeWalt to board of directors
David DeWalt appointed independent director effective March 10, 2025.
Exelon issues $1.0B in notes to repay $464M commercial paper; rates 5.125% (2031) and 5.875% (2055)
Issued $500M 5.125% notes due 2031 and $500M 5.875% notes due 2055.
Exelon closes $1B offering of 6.500% junior subordinated notes due 2055
Closed public offering of $1,000,000,000 aggregate principal of 6.500% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055.
Exelon Q4 adjusted EPS $0.64; initiates 2025 guidance $2.64-$2.74; raises 4-yr capex to $38B
Q4 2024 GAAP net income $0.64 per share; adjusted (non-GAAP) $0.64 per share, up from $0.60 in Q4 2023.
Exelon announces departure of Chief Legal Officer; Colette Honorable appointed successor
Gayle Littleton departs as EVP, Chief Legal Officer effective Jan 1, 2025; stays as Senior Advisor to CEO until Mar 31, 2025.
Exelon Q3 2024 adj EPS $0.71 vs $0.67; reaffirms FY2024 guidance $2.40-$2.50
GAAP net income $0.70/sh; adjusted operating EPS $0.71 (up from $0.67); FY2024 guidance reaffirmed at $2.40-$2.50; 5-7% EPS growth target through 2027 reaffirmed.
Exelon and subsidiaries enter $4.0B in amended revolving credit facilities
Exelon Corp. entered $900M five-year revolver with JPMorgan Chase Bank as administrative agent.
Exelon Q2 adjusted EPS $0.47 beats prior year; reaffirms FY2024 outlook
GAAP EPS $0.45; adjusted EPS $0.47 vs $0.41 in Q2 2023.
All director nominees elected with 94-99% for; John Young lowest at 94.28%.
Exelon Q1 adjusted EPS $0.68 vs $0.70 YoY; reaffirms FY guidance $2.40-$2.50
GAAP EPS $0.66 vs $0.67 Q1 2023; adjusted $0.68 vs $0.70; reaffirms full-year $2.40-$2.50 range.
Exelon appoints Bryan Segedi to Audit and Risk Committee effective April 30
Bryan Segedi assigned to Exelon's Audit and Risk Committee, effective April 30, 2024.
Exelon issues $1.7B in notes; repays $500M term loan and $689M commercial paper
$1.7B aggregate: $650M 5.150% notes due 2029, $650M 5.450% notes due 2034, $400M 5.600% notes due 2053.
Exelon Q4 adjusted EPS $0.60 vs $0.43 YoY; 2024 guidance $2.40-$2.50; dividend raised 5.6%
Q4 adjusted EPS $0.60 (GAAP $0.62) from $0.43 prior year; full-year 2023 adjusted EPS $2.38 (GAAP $2.34).
Exelon promotes Mike Innocenzo to COO; Dave Velazquez to lead PECO; CHRO succession
Mike Innocenzo becomes Exelon EVP & COO effective April 1, 2024; base salary $685k, LTI target $1.765M.
ComEd gets ~$450M 2024 rate hike vs $968M requested; BGE rates cut; Exelon reaffirms EPS guidance
ICC order grants ComEd ~$450M 2024 rate increase versus $968M requested; ROE set at 8.905% vs requested 10.50-10.65%.
Exelon assigns new directors Lillie, Rogers, Richo to board committees
Charisse Lillie appointed to Talent Management and Compensation Committee effective Dec 5, 2023.
Exelon elects former EY deputy global vice chair Bryan Segedi to board
Board expanded to ten members; Segedi elected effective January 1, 2024.
Exelon reports Q3 adjusted EPS $0.67, down from $0.75 YoY; narrows FY guidance to $2.32-$2.40
GAAP EPS $0.70; adjusted (non-GAAP) EPS $0.67, vs $0.75 a year ago.
Exelon and ComEd settle SEC investigation; agree to $46.2M penalty
Settlement with SEC resolves investigation related to 2020 deferred prosecution agreement conduct.
Exelon Q2 GAAP EPS $0.34, adj $0.41; reaffirms FY23 $2.30-$2.42
GAAP EPS from continuing ops $0.34 vs $0.47 YoY; adjusted operating EPS $0.41 vs $0.44.
Exelon elects Anna Richo to board of directors, effective August 1, 2023
Board size increased to nine; Richo will serve until the 2024 annual meeting.
Exelon reaches $40M derivative settlement over ComEd bribery allegations; court approval pending
Settlement includes $40M payment from insurers to Exelon; $10M allocated for plaintiffs' attorneys' fees.
Exelon CFO departure; internal successor named with $500K salary
Joseph R. Trpik Jr., SVP & Corporate Controller, departs June 29, 2023 for external opportunity.
Exelon posts summer 2023 investor presentation; content not disclosed in filing
Exelon furnished a summer 2023 investor presentation as Exhibit 99.1.
Exelon Q1 adjusted EPS $0.70 beats prior year $0.64; reaffirms FY guidance
GAAP EPS $0.67; adjusted (non-GAAP) operating EPS $0.70, up from $0.64 YoY.
All 8 director nominees elected; Anthony Anderson received 768.1M FOR, 36.2M AGAINST, 1.4M ABSTAIN.
Exelon issues $2.5B in notes across three tranches to refinance debt
Issued $1B 5.150% notes due 2028, $850M 5.300% notes due 2033, $650M 5.600% notes due 2053.
Exelon posts Winter 2023 investor presentation; no material new data disclosed
Exelon furnished an investor presentation for Winter 2023 investor meetings on Feb 17, 2023.
Exelon announces three directors leaving, nominates two new board members
Paul Joskow retiring at April 25, 2023 annual meeting; Ann Berzin and Carlos Gutierrez not seeking reelection.
Exelon Q4 adj EPS $0.43, up from $0.39 YoY; guides 2023 $2.30-$2.42; dividend raised 6.7%
Q4 2022 GAAP EPS $0.43, adjusted EPS $0.43; full-year adjusted EPS $2.27 vs $1.83 in 2021.
ComEd expected to get new Chicago franchise; $90M equity fund proposed
New franchise license would have initial 15-year term ending Dec 31, 2037, with 5-year extension option.
ComEd files 2024-2027 rate plan with ICC; seeks $3.8-4.4B annual revenue
Proposed base rate revenue: $3.76B (2024), $3.93B (2025), $4.15B (2026), $4.35B (2027).
Exelon extends exchange offer for $2.0B unregistered notes to Jan 6, 2023
Exchange offers for $2.0B aggregate principal amount of unregistered notes extended to Jan 6, 2023.
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.
Exelon Q3 adjusted EPS $0.75 beats $0.53 YoY; narrows FY22 guidance to $2.21-$2.29
GAAP EPS $0.68, up from $0.47; adjusted operating EPS $0.75 vs $0.53 in Q3 2021.
On March 10, 2025, the Board of Directors ("Board") of Exelon Corporation (“Exelon”) appointed David DeWalt as an independent director of Exelon, effective immediately.
Effective April 1, 2024, David Velazquez will resign his current role as Executive Vice President, Utility Operations and Technology, of Exelon, and will assume the role of President and Chief Executive Officer of PECO.
Effective April 1, 2024, Mr. Innocenzo will be appointed as a director of Commonwealth Edison Company (“ComEd”).
Effective April 1, 2024, David Velazquez will resign his current role as Executive Vice President, Utility Operations and Technology, of Exelon, and will assume the role of President and Chief Executive Officer of PECO.
Effective March 31, 2024, Calvin G. Butler, Jr., President and Chief Executive Officer of Exelon, will resign his position as a director of ComEd.
Michael Innocenzo, currently President and Chief Executive Officer of PECO Energy Company (“PECO”), will assume the role of Executive Vice President and Chief Operating Officer of Exelon effective April 1, 2024.
the Board of Directors ("Board") of Exelon Corporation (“Exelon”) increased the size of the Board to ten (10) and elected Bryan Segedi as a director, effective as of January 1, 2024
On July 25, 2023, the board of directors of Exelon Corporation (“Exelon”) increased the size of the board to nine (9) and elected Anna Richo as a director, effective as of August 1, 2023, to serve until the 2024 annual meeting of shareholders.
On June 9, 2023, Joseph R. Trpik Jr., Senior Vice President, Corporate Controller, and principal accounting officer of Exelon Corporation (“Exelon” or the “Company”), informed the Company that he will depart Exelon on June 29, 2023 to pursue an opportunity outside of Exelon.
Robert A. Kleczynski, currently serving as Senior Vice President and General Tax Officer, will assume the role of Senior Vice President, Corporate Controller, and Tax and become Exelon’s principal accounting officer effective as of June 30, 2023.
Ann Berzin and Carlos Gutierrez have informed the Board that they will not stand for reelection when their terms expire at the annual meeting
Ann Berzin and Carlos Gutierrez have informed the Board that they will not stand for reelection when their terms expire at the annual meeting
Max materiality 0.90 · Median 0.55 · Most common event earnings