Hyun Park - 01 Mar 2025 Form 4 Insider Report for FIRSTENERGY CORP (FE)

Role
SVP & CLO
Signature
/s/ Mary M. Swann, attorney-in-fact
Issuer symbol
FE
Transactions as of
01 Mar 2025
Net transactions value
-$802,932
Form type
4
Filing time
04 Mar 2025, 20:54:12 UTC
Previous filing
07 Feb 2025
Next filing
03 Jun 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FE Common Stock Options Exercise +32,989 +61% 87,283 01 Mar 2025 Direct F1, F2
transaction FE Common Stock Tax liability $381,172 -9,938 -11% $38.36 77,345 01 Mar 2025 Direct F3
transaction FE Common Stock Disposed to Issuer $421,760 -10,996 -14% $38.36 66,349 01 Mar 2025 Direct F4
holding FE Common Stock 1,098 01 Mar 2025 By Savings Plan F5
holding FE Common Stock 5 01 Mar 2025 Held by Park Family Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FE RSU Options Exercise $0 -32,989 -100% $0.000000 0 01 Mar 2025 Common Stock 32,989 Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting of performance-adjusted restricted stock units ("RSUs"), each of which previously represented a contingent right to receive an RSU award payable 2/3 in shares of common stock of FirstEnergy Corp. (the "Company") ("Share-Based RSUs") and 1/3 in cash ("Cash-Based RSUs") following the vesting date. The satisfaction of the performance goals for the RSUs were certified by the Company's Board of Directors on February 5, 2025, as previously reported on a Form 4 filed on February 7, 2025, and the RSUs, which had remained subject to a continued service requirement, vested on March 1, 2025.
F2 The RSUs converted into shares of the Company's common stock on a one-for-one basis under the FirstEnergy Corp. 2020 Incentive Compensation Plan.
F3 Represents shares of common stock of the Company withheld to cover tax obligations associated with the vesting of the RSUs described in footnote 1, which transaction is exempt under Rule 16b-3.
F4 On March 1, 2025, the Cash-Based RSUs were settled based on an average of the Company's high and low stock price, net of applicable tax withholding obligations.
F5 The Company's 401(k) Savings Plan includes a unitized fund invested in shares of common stock of the Company, in which the reporting person may invest, and includes dividend reinvestment and company match features. The number of shares reported as indirectly held in the 401(k) Savings Plan in this row is an estimate of the number of shares of the Company's common stock held in the unitized stock fund and allocated to the reporting person's account as of February 28, 2025.
F6 Share-Based RSUs convert into the Company's common stock on a one-for-one basis.