U.S. Nuclear and Clean Energy Leader Expands Stock Compensation for Board Executives

At its March 31 and April 28 board meetings, Constellation Energy Corp. disclosed that three executives received additional non-cash, equity-based compensation. On March 31, Charles L. Harrington was credited with phantom stock awards valued at approximately $36,000 under the Non-Qualified Defined Benefit Deferred Compensation Plan, to be settled in cash upon his retirement. On April 28, Nneka Louise Rimmer and John M. Richardson each were automatically granted 556 deferred stock units—about $170,000 per person—as part of the company’s regular compensation and deferral program with dividend reinvestment.

Also on April 28, Constellation Energy declared a quarterly dividend of $0.4265 per common share, payable June 5, marking its second consecutive annual increase since 2025. In January, the company completed the $22 billion acquisition of Calpine, significantly expanding its generation assets and commercial and retail power businesses and solidifying its status as the largest power producer in the United States.

Headquartered in Baltimore and ranked among the Fortune 200, Constellation Energy operates roughly 55 gigawatts of generating capacity—including nuclear, natural gas, geothermal, hydro, wind, and solar—making it the nation’s largest private power producer and biggest clean-energy supplier. The company has secured long-term power agreements with major technology firms such as Microsoft and Meta and is addressing surging electricity demand in the AI era—across data centers and manufacturing facilities—through strategic initiatives like the Calpine integration and the recommissioning of the Crane Clean Energy Center.