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Exelon Executive Compensation (FY25)

EXC · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): April 30, 2026
178 figures on this page: 168 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
Calvin Butler was paid $15,601,905 in total compensation as President and Chief Executive Officer for fiscal 2025, and Butler's total was 6.4% higher than the $14,662,925 reported for fiscal 2024. The disclosed chief executive pay ratio for fiscal 2025 is 103:1, against median employee compensation of $150,905. 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. The disclosed peer group includes Alliant Energy Corporation, Ameren Corporation, American Electric Power Co., CenterPoint Energy, Inc. and CMS Energy Corporation, among others.
Chief executive, fiscal 2025
◇
Calvin Butler
Latest say-on-pay support
=
April 28, 2026
Chief executive pay ratio
◇
To the median employee
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.
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 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
◇—◇—◇◇◇◇
Jeanne Jones
Executive Vice President and Chief Finance Officer, Audit and Risk
◇—◇—◇◇◇◇
Michael Innocenzo
Executive Vice President, Chief Operating Officer
◇—◇—◇◇◇◇
David Glockner
Former Executive Vice President, Compliance, Audit and 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——————◇
Colette HonorablePSU——————◇
David GlocknerPSU——————◇
Jeanne JonesPSU——————◇
Michael InnocenzoPSU——————◇
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
Jeanne JonesPSU◇◇——
RSU◇◇——
Calvin ButlerRSU◇◇——
PSU◇◇——
Colette HonorablePSU◇◇——
RSU◇◇——
David GlocknerPSU◇◇——
RSU◇◇——
Michael InnocenzoRSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Anthony K. Young
◇◇———◇◇
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.
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 member◇
Compensation committee member◇
Nominating and governance member◇

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

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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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.
Peer benchmarking
Where Exelon sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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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.
178 figures on this page: 168 cited to the filing that reported them, 10 calculated from figures it prints.
168 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 · Director Compensation · Executive Compensation Tables · and 2 more sections
  3. 0001109357-25-000122
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001109357-25-000074
    Summary Compensation Table
  5. 0001109357-24-000122
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001109357-24-000076
    Summary Compensation Table
  7. 0001109357-23-000027
    Item 5.07 Submission of Matters to a Vote of Security Holders
  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
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Exelon executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/EXC (accessed 2026).
Short form: data: Velarion
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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.Edison InternationalEntergy Corp.Evergy, Inc.Eversource EnergyFirstEnergy Corp.NextEra Energy, Inc.NiSource Inc.PG&E Corp.PPL CorporationPublic Service Enterprise Group IncorporatedSempra EnergyThe Southern CompanyWEC Energy Group, Inc.Xcel Energy

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
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}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy