U.S. Power Company Executives Settle Millions in Stock for Tax Purposes

On February 9, three executives of U.S. power and energy company Constellation Energy Corp. (NYSE: CEG) simultaneously filed disclosures for stock transactions tied to long-term incentive vesting and associated tax payments. EVP and Chief Generation Officer Brian Craig Hanson disposed of roughly $13.3 million of shares by converting derivative securities into common stock and covering the withholding tax through a partial sale. After those transactions, the market value of his remaining common-stock holdings stands at about $17.8 million—approximately KRW 17 billion and KRW 23 billion, respectively. General Counsel David O. Daddis and Commercial Executive James McHugh similarly acquired tens of thousands of shares upon RSU and performance-share vesting, then settled roughly $7.7 million and $8.4 million in equity—about KRW 10 billion and KRW 11 billion—through tax withholding and sales. Both executives continue to hold several tens of millions of dollars’ worth of common stock and RSUs.

The company recently closed its approximately $30 billion acquisition of Calpine, elevating Constellation to the largest power generator in the U.S. The deal, aimed at meeting growing electricity demand from AI data centers and electric vehicles, has drawn significant attention. As of the close on February 11, Constellation shares ended at $276.85—up from their recent trough but still over 30% below the 52-week high. (Source: barrons.com)

Headquartered in Baltimore, Constellation Energy is a Fortune 200 company and the nation’s largest private power producer as well as its leading zero-carbon and clean-energy generator. The company operates approximately 55 GW of generation capacity—including nuclear, hydro, wind and solar—supplying around 10% of U.S. clean energy. Leveraging its large-scale nuclear assets, Constellation aims to achieve a 100% carbon-free power portfolio by 2040, positioning itself as a core infrastructure provider amid rising demand from AI data centers and reshoring of U.S. manufacturing. (Source: constellationenergy.com)