Robert J. Lawless - Mar 31, 2022 Form 4 Insider Report for Constellation Energy Corp (CEG)

Role: Director
Signature: /s/ Brian Buck, Attorney-in-Fact for Robert J. Lawless
Stock symbol: CEG
Transactions as of: Mar 31, 2022
Transactions value $: $113,615
Form type: 4
Date filed: 4/4/2022, 09:02 PM
Previous filing: Mar 9, 2022
Next filing: Jul 5, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CEG	Common Stock (Deferred Stock Units)	Award	$42.9K	+835	+1.93%	$51.32	44.2K	Mar 31, 2022	Direct	F1
holding	CEG	Common Stock						1.09K	Mar 31, 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CEG	Deferred Compensation - Phantom Share Equivalents	Award	$70.8K	+1.26K	+2.89%	$56.25	44.8K	Mar 31, 2022	Common Stock	1.26K		Direct	F3, F4
holding	CEG	Phantom Deferred Stock Units						54.4K	Mar 31, 2022	Common Stock	54.4K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Balance includes approximately 119 shares acquired on March 10, 2022 through automatic dividend reinvestment.
F2	Phantom deferred stock units converted from the legacy Constellation Energy Group Inc. ("CEG") Deferred Compensation Plan for Non-employee Directors that will be settled in cash on a 1-for-1 basis using the year-end price of CEG common stock in the year of termination of the reporting person's service. Balance updated to reflect approximately 149 additional stock units credited on March 10, 2022 through the dividend reinvestment feature of the plan.
F3	Phantom share equivalents acquired in the reporting person's CEG 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 34 share equivalents accrued on March 10, 2022 through automatic dividend reinvestment.
F4	The reporting person's prior Form 4 reported these as Phantom Deferred Stock Units, but in order to distinguish them from the phantom deferred stock units described in footnote 2, the title has been adjusted to Deferred Compensation - Phantom Share Equivalents. The aggregate amount reported in Column 9 also includes 12,865 phantom share equivalents acquired in connection with the separation of the Issuer from Exelon Corp. effective February 1, 2022 (the "Spin-Off"), as further described in the Issuer's current report on Form 8-K filed on February 2, 2022, which acquisition was exempt from Section 16 of the Securities Exchange Act of 1934, as amended ("Exchange Act") pursuant to Rule 16a-9 under the Exchange Act.