Jon Taylor K. - Mar 1, 2025 Form 4 Insider Report for FIRSTENERGY CORP (FE)

Signature
/s/ Mary M. Swann, attorney-in-fact
Stock symbol
FE
Transactions as of
Mar 1, 2025
Transactions value $
-$1,487,631
Form type
4
Date filed
3/4/2025, 08:58 PM
Previous filing
Feb 7, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FE Common Stock Options Exercise +41.1K +42.98% 137K Mar 1, 2025 Direct F1, F2
transaction FE Common Stock Award $0 +14K +10.21% $0.00 151K Mar 1, 2025 Direct F3
transaction FE Common Stock Tax liability -$438K -11.4K -7.57% $38.36 139K Mar 1, 2025 Direct F4
transaction FE Common Stock Disposed to Issuer -$523K -13.6K -9.8% $38.36 126K Mar 1, 2025 Direct F5
transaction FE Common Stock Disposed to Issuer -$527K -13.7K -10.93% $38.36 112K Mar 1, 2025 Direct F6
holding FE Common Stock 5.01K Mar 1, 2025 By Savings Plan F7

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 -41.1K -100% $0.00 0 Mar 1, 2025 Common Stock 41.1K Direct F1, F8
transaction FE Phantom 3/25D Award $0 +13.7K $0.00 13.7K Mar 1, 2025 Common Stock 13.7K Direct F9, F10
* 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 the vesting of a time-based restricted stock award granted to the reporting person on March 1, 2023, which vested 25% on March 1, 2025.
F4 Represents shares of common stock of the Company withheld to cover tax obligations associated with the vesting of the RSUs and restricted stock award described in footnotes 1 and 3, respectively, which transaction is exempt under Rule 16b-3.
F5 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
F6 In connection with the vesting of the Share-Settled RSUs on March 1, 2025, the reporting person's receipt of 13,730 shares of the Company's common stock was deferred, resulting in the reporting person receiving instead 13,730 shares of phantom stock pursuant to the Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 13,730 shares of common stock in exchange for an equal number of shares of phantom stock.
F7 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 since the reporting person's last filed Form 4 and as allocated to the reporting person's account as of February 28, 2025.
F8 Share-Based RSUs convert into the Company's common stock on a one-for-one basis.
F9 Each share of phantom stock represents a right to receive one share of the Company's common stock.
F10 The phantom stock becomes payable upon the reporting person's death, disability or termination of employment with the Company.