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Calvin G. Butler, the CEO of Exelon Corporation since December 31, 2022, has a strong educational background with a bachelor's degree from the University of Illinois and an MBA from the University of Chicago. He joined Exelon in 2014 as...

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Calvin G. Butler

CEO of Exelon

Education

Bachelor's degree from the University of Illinois; MBA from the University of Chicago.

Field of Expertise

Business & Management

Sector of Economy

Utilities

Born

January 1, 1969 - 56 years ago

CEO of Exelon for

2 years 4 months (Dec 2022 - Present)

Previous Experience

President and Chief Operating Officer of Exelon, with prior roles in the company.

Holdings

See how much did Calvin G. Butler make over time.

Calvin Butler's holdings in Exelon show an interesting trajectory. Back in 2019, his trading activities were significant, ranging from $1.66 million to $2.33 million monthly. His confidence seems to have grown; in early 2023, he recorded his highest trades, peaking...

Total Stock Sold

$3.11M

EXC

$3.11M

94,111 EXC shares

What if they kept their stock?

If Calvin G. Butler didn't sell their stock, today they would have:
Extra EXC94,111 shares worth $3.40M.
This is 9.09% and $283.12K more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Calvin G. Butler.

EXC

$1.54M

EXC at $57.64/share

Jan 28, 2022

Sale

EXC

$1.48M

EXC at $47.59/share

Jun 28, 2019

Sale

EXC

$948.50K

EXC at $37.94/share

Mar 15, 2018

Sale

EXC

$224.11K

EXC at $35.00/share

Sep 22, 2016

Sale

EXC

$162.10K

EXC at $32.42/share

Feb 8, 2016

Sale

Compensation History

See how much did Calvin G. Butler make over time.

Calvin Butler's compensation reflects Exelon's commitment to incentivizing performance. In 2023, his total earnings reached approximately $12.2 million, which breaks down to a base salary of $1.24 million and a bonus of roughly $2.27 million tied to performance targets. He also benefited from the value of vested stocks calculated at nearly $6.96 million. The structure of his compensation aligns with Exelon's approach of tying rewards to actual financial performance, including metrics like net income and cash flow. In 2022, during his transitional period into the CEO role, Butler earned around $6.29 million, demonstrating the company's strategy of rewarding executives who meet operational challenges. This aligns with his previous positions that emphasize creating value in the utility sector and balancing stakeholder demands.

Year

2023

Total Compensation

$10.96M

Salary

$1.24M

Board Justification

Exelon's compensation philosophy emphasizes pay for performance, aligning executive compensation with company performance and market benchmarks to retain top talent.

Bonus

$2.27M

Board Justification

The bonus is based on the Annual Incentive Plan (AIP) with a target of 140% of salary, and the actual award is determined by performance factors.

Other

$483.92K

Board Justification

Other compensation includes perquisites such as personal use of corporate aircraft, car and driver services, and financial planning services.

Restricted Stock

$6.96M(193.95K RSU)

Board Justification

The vested stock includes performance share awards from the 2021-2023 performance cycle that vested on January 29, 2024.

Performance Metrics

Performance metrics for the CEO's compensation include utility net income, return on equity, and cash flow metrics.

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