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FIRSTENERGY CORP — Director's Dealing 2024
Feb 10, 2024
30195_dirs_2024-02-09_051a1004-77d9-44e1-91b7-bffc8a37e007.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: FIRSTENERGY CORP (FE)
CIK: 0001031296
Period of Report: 2024-02-07
Reporting Person: K. Jon Taylor (SVP, CFO and Strategy)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-07 | RSU | $ | A | 105814.21 | Acquired | Common Stock (105814.21) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 76859.527 | Direct |
| Common Stock | 4738.7965 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Phantom 3/17D | $ | Common Stock (19982.582) | 19982.582 | Direct | |
| Phantom 3/18D | $ | Common Stock (5937.5) | 5937.5 | Direct | |
| Phantom 3/19D | $ | Common Stock (20803.413) | 20803.413 | Direct | |
| Phantom 3/20D | $ | Common Stock (20272.314) | 20272.314 | Direct | |
| Phantom 3/21D | $ | Common Stock (15359.665) | 15359.665 | Direct | |
| Phantom 3/22D | $ | Common Stock (10740.089) | 10740.089 | Direct | |
| Phantom 3/23D | $ | Common Stock (5004.669) | 5004.669 | Direct |
Footnotes
F1: Balance includes shares acquired through dividend reinvestment.
F2: FirstEnergy Corp.'s (the "Company") 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 Company 401(k) Savings Plan in this row is an estimate of the number of shares of the Company common stock held in the unitized stock fund and allocated to the reporting person's account as of December 31, 2023.
F3: Represents performance-adjusted restricted stock units ("RSUs"), each of which represents a contingent right to receive an award payable 2/3 in Company common stock and 1/3 in cash following the vesting date. This Form 4 is being filed to report the satisfaction of the performance goals for the RSUs, as certified by the Company's Board of Directors on February 7, 2024. As a result, these RSUs will vest on March 1, 2024, generally subject to the reporting person's continued service.
F4: Each share of phantom stock is the economic equivalent of one share of common stock and is settled in cash. The shares of phantom stock are payable upon the reporting person's retirement or termination of employment under the FirstEnergy Corp. Amended and Restated Executive Deferred Compensation Plan.
F5: Includes phantom stock acquired through dividend reinvestments.