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Rowe gets exercised at Exelon

The stock price of Exelon Corp., the Chicago-based parent of Peco Energy and Exelon Generation Co. L.L.C. in Philadelphia, has bubbled up steadily over the last year and hit a five-year high in the last few weeks. Turns out that's particularly good for chief executive officer John W. Rowe: He has exercised stock options valued at nearly $54 million so far this year, including $3.6 million last week alone, according to InsiderScore and SEC filings. Compare that with his compensation last year of $10.9 million. He made the sales under his 10b5-1 stock plan, which allows insiders to prearrange their sales. Rowe set these sale dates in September 2006 and seemed to pick well. Exelon closed yesterday at $82.30, nearly 38 percent above a year earlier. Says spokeswoman Jennifer Medley: "We are a pay-for-performance company, and when the company does well, our executives do well."

- Thomas Ginsberg

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This page contains a single entry from the blog posted on November 28, 2007 5:46 PM.

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