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Exelon Executive Compensation (FY25)

EXC · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Calvin Butler
Latest say-on-pay support
=
April 28, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 21, 2026Latest filing (8-K): April 30, 2026
13 filings cited on this page
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281 figures on this page: 271 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Calvin Butler: $14,662,925 → $15,601,905 (6.4% higher)
Say-on-pay support: 89.8% → 90.5% (0.7 points higher)
CEO pay ratio: 100:1 → 103:1 (3.0% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Exelon's chief executive and what were they paid?
Calvin Butler was paid $15,601,905 in total compensation as President and Chief Executive Officer for fiscal 2025. Butler's total was 6.4% higher than the $14,662,925 reported for fiscal 2024.
What was Exelon's say-on-pay result?
Shareholders supported the say-on-pay proposal with 90.5% of votes cast for or against in favor at the meeting held April 28, 2026 for fiscal 2025.
Which companies are in Exelon's peer group?
The disclosed peer group includes Alliant Energy Corporation, Ameren Corporation, American Electric Power Co., CenterPoint Energy, Inc. and CMS Energy Corporation, among others. The Energy Services Peers names American Electric Power Co., Consolidated Edison, Inc., Dominion Energy, Inc., Duke Energy Corp. and Edison International, among others. The General Industry Peers includes Eaton Corp., International Paper Company, Occidental Petroleum Corp., Union Pacific Corp. and Waste Management Services.
What is Exelon's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 103:1, against median employee compensation of $150,905.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Christopher Crane
Former CEO, Exelon
Departed during or after this year
◇—◇—◇◇◇◇
Calvin Butler
President and CEO, Exelon
◇—◇—◇◇◇◇
Joseph Nigro
Former Senior Executive Vice President and CFO, Exelon
Departed during or after this year
◇—◇—◇◇◇◇
Gayle Littleton
Executive Vice President and Chief Legal Officer, Exelon
◇◇◇—◇—◇◇
David Glockner
Executive Vice President, Compliance, Audit, and Risk, Exelon
◇—◇—◇—◇◇
Gil Quiniones
CEO, ComEd
◇—◇—◇—◇◇
Jeanne Jones
Executive Vice President and CFO, Exelon
◇◇◇—◇◇◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Calvin Butler
President and Chief Executive Officer
◇—◇—◇◇◇◇
Jeanne Jones
Executive Vice President and Chief Finance Officer, Audit and Risk
◇—◇—◇◇◇◇
David Glockner
Former Executive Vice President, Compliance, Audit and Risk
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Calvin Butler
President and Chief Executive Officer
◇—◇—◇◇◇◇
Gayle Littleton
Former Executive Vice President and Chief Legal Officer
Departed during or after this year
◇◇◇—◇—◇◇
Jeanne Jones
Executive Vice President and Chief Financial Officer
◇—◇—◇◇◇◇
Michael Innocenzo
Executive Vice President and Chief Operating Officer
◇—◇—◇◇◇◇
David Glockner
Executive Vice President, Compliance, Audit & Risk
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Calvin Butler
President and Chief Executive Officer
◇—◇—◇◇◇◇
Michael Innocenzo
Executive Vice President and Chief Operating Officer
◇—◇—◇◇◇◇
Jeanne Jones
Executive Vice President and Chief Finance Officer, Audit and Risk
◇—◇—◇◇◇◇
Colette Honorable
Executive Vice President, Chief Legal Officer, Compliance and Corporate Secretary
◇—◇—◇—◇◇
David Glockner
Former Executive Vice President, Compliance, Audit and Risk
Departed during or after this year
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Calvin ButlerPSU◇◇◇—◇—◇
Calvin ButlerRSU◇——◇——◇
Colette HonorablePSU◇◇◇—◇—◇
Colette HonorableRSU◇——◇——◇
David GlocknerRSU◇——◇——◇
David GlocknerPSU◇◇◇—◇—◇
Jeanne JonesPSU◇◇◇—◇—◇
Jeanne JonesRSU◇——◇——◇
Michael InnocenzoPSU◇◇◇—◇—◇
Michael InnocenzoRSU◇——◇——◇
Fiscal 2022, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Colette HonorableRSU◇◇——
PSU◇◇——
David GlocknerRSU◇◇——
PSU◇◇——
Michael InnocenzoRSU◇◇——
PSU◇◇——
Jeanne JonesPSU◇◇——
RSU◇◇——
Calvin ButlerPSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Calvin Butler
President and Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Colette Honorable
Executive Vice President, Chief Legal Officer, Compliance and Corporate Secretary · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance cash amount◇
Benefits continuation on change in control◇
Benefits continuation◇
David Glockner
Former Executive Vice President, Compliance, Audit and Risk · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance cash amount◇
Benefits continuation◇
Jeanne Jones
Executive Vice President and Chief Finance Officer, Audit and Risk · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance cash amount◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Michael Innocenzo
Executive Vice President and Chief Operating Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance cash amount◇
Equity acceleration on change in control◇
Excise tax treatment◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Young
◇◇———◇◇
Anthony K. Young
◇◇———◇◇
W. Paul Bowers
Board chair
◇◇————◇
Marjorie Rodgers Cheshire
◇◇———◇◇
Linda P. Jojo
◇◇———◇◇
Matthew Rogers
◇◇————◇
Bryan Segedi
◇◇————◇
Charisse R. Lillie
◇◇———◇◇
Anna Richo
◇◇————◇
David DeWalt
◇◇————◇
Calvin G. Butler, Jr served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as deferred stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Alliant Energy Corporation LNT
  • Ameren Corporation AEE
  • American Electric Power Co. AEP
  • CenterPoint Energy, Inc. CNP
  • CMS Energy Corporation CMS
  • Consolidated Edison, Inc. ED
  • Dominion Energy, Inc. D
  • DTE Energy Company DTE
  • Duke Energy Corp. DUK
  • Eaton Corp. ETN
  • Edison International EIX
  • Entergy Corp. ETR
  • Evergy, Inc. EVRG
  • Eversource Energy ES
  • FirstEnergy Corp. FE
  • International Paper Company IP
  • NextEra Energy, Inc. NEE
  • NiSource Inc. NI
  • Occidental Petroleum Corp. OXY
  • PG&E Corp. PCG
  • PPL Corporation PPL
  • Public Service Enterprise Group Incorporated PEG
  • Sempra Energy SRE
  • The Southern Company SO
  • Union Pacific Corp. UNP
  • Waste Management Services WM
  • WEC Energy Group, Inc. WEC
  • Xcel Energy XEL
Energy Services Peers
  • American Electric Power Co. AEP
  • Consolidated Edison, Inc. ED
  • Dominion Energy, Inc. D
  • Duke Energy Corp. DUK
  • Edison International EIX
  • Entergy Corp. ETR
  • Eversource Energy ES
  • FirstEnergy Corp. FE
  • NextEra Energy, Inc. NEE
  • PG&E Corp. PCG
  • Sempra Energy SRE
  • The Southern Company SO
  • Xcel Energy XEL
General Industry Peers
  • Eaton Corp. ETN
  • International Paper Company IP
  • Occidental Petroleum Corp. OXY
  • Union Pacific Corp. UNP
  • Waste Management Services WM

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025April 28, 2026=◇◇◇
2024April 29, 2025=◇◇◇
2023April 30, 2024=◇◇◇
2022April 25, 2023=◇◇◇
2021April 26, 2022=◇◇◇
2020April 27, 2021=◇◇◇
2019April 28, 2020=◇◇◇
2018April 30, 2019=◇◇◇
2017May 1, 2018=◇◇◇
2016April 25, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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- Calvin Butler (President and Chief Executive Officer), FY2025 total compensation $15,601,905 (base salary $1,379,000) [exec_comp, SEC accession 0001109357-26-000040, filed 2026-03-18]

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What this page does not include

Everything above is a fact Exelon disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
281 figures on this page: 271 cited to the filing that reported them, 10 calculated from figures it prints.
271 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001109357-26-000053
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001109357-26-000040
    2025 Director Compensation · CEO Pay Ratio · Compensation Discussion and Analysis · Director Compensation · and 1 more section
  3. 0001109357-25-000122
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001109357-25-000074
    Executive Compensation Tables
  5. 0001109357-24-000122
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001109357-23-000027
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001308179-23-000188
    Executive Compensation Tables
  8. 0001109357-22-000047
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001109357-21-000038
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001109357-20-000093
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001628280-19-005838
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001628280-18-005870
  13. 0001628280-17-004428
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “Exelon executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/EXC (accessed 2026).
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Utilities rankings

Chief executive pay — UtilitiesCEO pay ratio — UtilitiesSay-on-pay support — Utilities

Peers Exelon discloses

The companies named in EXC's own disclosed peer group.

Alliant Energy CorporationAmeren CorporationAmerican Electric Power Co.CenterPoint Energy, Inc.CMS Energy CorporationConsolidated Edison, Inc.Dominion Energy, Inc.DTE Energy CompanyDuke Energy Corp.Eaton Corp.Edison InternationalEntergy Corp.Evergy, Inc.Eversource EnergyFirstEnergy Corp.International Paper CompanyNextEra Energy, Inc.NiSource Inc.Occidental Petroleum Corp.PG&E Corp.PPL CorporationPublic Service Enterprise Group IncorporatedSempra EnergyThe Southern Company

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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