Form 4: FirstEnergy CFO Discloses Equity Holdings Update
Insider Ownership Report
FirstEnergy's SVP, CFO, and Strategy, K. Jon Taylor, filed a Form 4 detailing direct and indirect beneficial ownership of common stock and derivative securities, including RSUs and phantom stock, with performance goals for certain RSUs now certified.
Summary
- K. Jon Taylor, SVP, CFO and Strategy of FirstEnergy Corp. (FE), reported changes in beneficial ownership.
- Direct ownership of Common Stock is 117,357.72 shares, updated to include dividend reinvestments and correct a prior reporting error.
- Indirect ownership of Common Stock through the Company's 401(k) Savings Plan is an estimated 5,733.093 shares as of January 31, 2026, including dividend reinvestment and company match features.
- Acquired 66,347.313 performance-adjusted Restricted Stock Units (RSUs) on February 11, 2026, for which performance goals were certified by the Board of Directors. These RSUs will vest on March 1, 2026, and are payable 2/3 in common stock and 1/3 in cash.
- Beneficially owns various phantom stock units totaling 159,050.357 shares, which are economic equivalents of common stock settled in cash upon retirement or termination.
Sentiment
Score: 7
Explanation: StockSavvy.ai views this filing positively as it indicates management's achievement of performance goals for RSUs and reinforces insider alignment with shareholder interests through equity ownership.
Positives
- Certification of performance goals for 66,347.313 RSUs indicates management achieved specific targets.
- Increased insider alignment with shareholders through direct and indirect equity ownership.
- Correction of a prior reporting error demonstrates transparency in disclosures.
Future Outlook
This filing does not contain forward-looking statements regarding the company's operational or financial performance, focusing solely on insider beneficial ownership changes.
Industry Context
StockSavvy.ai notes that Form 4 filings are routine disclosures in the utility sector, providing transparency into executive equity holdings and compensation structures. The certification of RSU performance goals is a common mechanism to align executive incentives with company performance, a practice widely adopted across industries to encourage long-term value creation.
Stakeholder Impact
- Shareholders: Increased alignment of executive interests with shareholder value through equity ownership and performance-based compensation.
- Employees: No direct impact on general employees is indicated by this filing.
Next Steps
- The 66,347.313 performance-adjusted Restricted Stock Units (RSUs) are scheduled to vest on March 1, 2026, subject to K. Jon Taylor's continued service.
Key Dates
| Date | Description |
|---|---|
| 2023-03-01 | Grant date of performance-adjusted Restricted Stock Units (RSUs). |
| 2025-03-04 | Date of prior Form 4 filing that contained an inadvertent error in reported beneficial ownership. |
| 2026-01-31 | Date as of which the estimated number of shares in the 401(k) Savings Plan was calculated. |
| 2026-02-11 | Date of earliest transaction reported; performance goals for RSUs certified by the Board of Directors. |
| 2026-02-13 | Signature date of the Form 4 filing. |
| 2026-03-01 | Vesting date for the performance-adjusted Restricted Stock Units (RSUs), generally subject to continued service. |
Keywords
FirstEnergy, FE, K. Jon Taylor, Form 4, Insider Trading, Beneficial Ownership, Restricted Stock Units, RSU, Phantom Stock, Equity Compensation, CFO
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