Form 4: FirstEnergy CFO K. Jon Taylor Reports Significant Restricted Stock Unit Grant

FirstEnergy's SVP, CFO and Strategy, K. Jon Taylor, reported the acquisition of 28,642 restricted stock units (RSUs) on March 19, 2025, as part of the company's 2020 Incentive Compensation Plan.

Summary

• K. Jon Taylor, SVP, CFO and Strategy of FirstEnergy Corp. (FE), acquired 28,642 shares of Common Stock in the form of Restricted Stock Units (RSUs) on March 19, 2025.
• The RSUs were granted at a price of $0 and will vest in full on March 1, 2028, under the Company's 2020 Incentive Compensation Plan.
• The filing indicates that this transaction was reported late due to an inadvertent administrative error, not an error by the Reporting Person.
• Following this transaction, K. Jon Taylor directly beneficially owns 129,314.528 shares of Common Stock, which includes dividends accrued on time-based equity awards.
• Additionally, K. Jon Taylor indirectly beneficially owns an estimated 5,510.3798 shares through the Company's 401(k) Savings Plan as of May 30, 2025, which includes dividend reinvestment and company match features.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a key executive is a positive sign of alignment with shareholder interests, indicating confidence and long-term commitment. The minor negative is the late filing due to an administrative error, which is explicitly stated not to be the reporting person's fault.

Positives

• The grant of 28,642 Restricted Stock Units (RSUs) to a key executive like the SVP, CFO and Strategy, K. Jon Taylor, aligns management's long-term interests with those of shareholders.
• The RSUs are granted under the Company's 2020 Incentive Compensation Plan, indicating a structured and approved approach to executive compensation.

Negatives

• The transaction was reported late due to an inadvertent administrative error, which, while not attributed to the reporting person, suggests a minor internal administrative oversight.

Risks

• The late filing due to an "inadvertent administrative error" could be perceived as a minor operational or compliance risk, although the document explicitly states it was not the reporting person's fault.

Future Outlook

The 28,642 Restricted Stock Units granted to K. Jon Taylor are scheduled to vest in full on March 1, 2028.

Management Comments

• "These securities are restricted stock units ("RSUs"), each representing a contingent right to receive one share of common stock, par value $0.10 per share, of FirstEnergy Corp. (the "Company"). The RSUs were granted under the Company's 2020 Incentive Compensation Plan and will vest in full on March 1, 2028."
• "This transaction is being reported late due to an inadvertent administrative error and not any error of the Reporting Person."

Industry Context

This Form 4 filing details an individual executive's equity compensation and does not provide broader industry context or trends. It is a routine disclosure of insider stock ownership changes.

Corporate Governance

Stakeholder Impact

• Shareholders: The grant of equity awards to a senior executive like the CFO can enhance alignment between management's financial interests and shareholder value, potentially leading to improved long-term performance.

Next Steps

• The granted Restricted Stock Units are scheduled to vest on March 1, 2028.

Key Dates

Keywords

FirstEnergy, FE, SEC Form 4, Restricted Stock Units, RSU, Executive Compensation, Insider Transaction, K. Jon Taylor, CFO, Stock Grant