10-K/APeriod: FY2008

EXELON CORP Annual Report (Amendment), Year Ended Dec 31, 2008

Filed February 19, 2009For Securities:EXC

Summary

This section of Exelon Corporation's 2009 10-K filing details security ownership by significant shareholders, directors, and executive officers as of December 31, 2008. Notably, two divisions of Capital Research and Management Company, Capital World Investors and Capital Research Global Investors, are the largest disclosed beneficial owners, collectively holding approximately 11% of Exelon's outstanding common stock. The filing also outlines stock ownership requirements for directors and officers, emphasizing the company's commitment to aligning management's interests with those of shareholders. Executive compensation structures are further detailed through equity compensation plans, with a substantial number of securities available for future issuance, indicating a continued reliance on stock-based incentives. The ownership data for both Exelon and its subsidiary, ComEd, reveals significant holdings by key executives, with many exceeding their mandated ownership guidelines, suggesting strong alignment with shareholder value.

Financial Highlights

50 data points
Beta

Revenue

$18.86B

Net Income

$2.74B

14.5% Net Margin

EPS (Diluted)

$4.13

Total Assets

$47.82B

Cash & Equivalents

$1.27B

Free Cash Flow

$3.43B

Financial Statements
Beta
Revenue$18.86B
Operating Expenses$13.56B
Operating Income$5.30B
Interest Expense$699.00M
Net Income$2.74B
EPS (Basic)$4.16
EPS (Diluted)$4.13
Shares Outstanding (Basic)658.00M
Shares Outstanding (Diluted)662.00M

Key Highlights

  • 1Capital World Investors and Capital Research Global Investors are the largest external shareholders, collectively owning approximately 11% of Exelon's common stock.
  • 2Top executives, including John W. Rowe (CEO) and Ian P. McLean, hold substantial beneficial ownership, significantly exceeding their mandated stock ownership guidelines.
  • 3Exelon has a robust equity compensation plan with over 23 million shares available for future issuance, underscoring a commitment to long-term incentive alignment.
  • 4Directors are required to own at least 5,000 shares of Exelon common stock within five years of election.
  • 5Executive officers have stock ownership requirements based on their salary multiples (1x to 5x base salary) and a five-year timeframe to achieve targets.
  • 6Exelon indirectly owns over 99% of ComEd, with ComEd's directors and officers holding Exelon common stock, not ComEd stock.
  • 7The filing details ownership for both Exelon and ComEd, providing transparency into the holdings of key personnel across the organization.

Frequently Asked Questions

As of December 31, 2008, the largest beneficial owners identified are Capital World Investors, holding 5% of outstanding stock, and Capital Research Global Investors, holding 6% of outstanding stock. Both are divisions of Capital Research and Management Company.

Directors are required to own at least 5,000 shares of Exelon common stock (or equivalent) within five years of election. Executive officers have ownership requirements based on their seniority, ranging from one to five times their annualized base salary, also within a five-year timeframe.

Exelon promotes alignment through mandatory stock ownership requirements for directors and officers, encouraging them to think and act like owners. Additionally, the company utilizes equity compensation plans, with a significant number of shares available for future issuance, to incentivize long-term performance and value creation.

Exelon Corporation indirectly owns over 99% of ComEd's outstanding common stock. Therefore, Exelon is the primary beneficial holder of ComEd voting securities. The filing shows Exelon common stock ownership for ComEd's directors and executive officers.