Form 4: FirstEnergy Corp Executive Allan Wade Smith Reports Share Transactions

Allan Wade Smith, President of FE Utilities at FirstEnergy Corp, reports the vesting and conversion of restricted stock units (RSUs) and associated tax withholding.

Summary

• Allan Wade Smith, President, FE Utilities, reported transactions involving FirstEnergy Corp (FE) common stock on March 1, 2025.
• These transactions include the vesting of 17,380 performance-adjusted restricted stock units (RSUs) which converted into shares of common stock on a one-for-one basis.
• 7,835 shares were withheld to cover tax obligations related to the vesting of the RSUs.
• Following these transactions, Smith directly owns 97,048.922 shares of FirstEnergy Corp common stock.
• Smith also indirectly owns 323.35 shares through the company's 401(k) Savings Plan.
• 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 vested on March 1, 2025.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects the expected vesting of RSUs based on performance, with no indication of negative events.

Positives

• The vesting of RSUs indicates that performance goals were met, as certified by the Company's Board of Directors.

Future Outlook

NA

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders.

Stakeholder Impact

• The vesting of RSUs dilutes existing shareholders' equity to a small degree.

Key Dates