Form 4: FirstEnergy Corp. Executive Reports Stock Transaction

FirstEnergy Corp.'s Chief Operating Officer, Toby L. Thomas, reports a transaction involving the withholding of shares to cover tax obligations and an update to shares held in a savings plan.

Summary

• Toby L. Thomas, Chief Operating Officer of FirstEnergy Corp., filed a Form 4 detailing changes in his beneficial ownership of company stock.
• On November 30, 2024, 1,716 shares of common stock were withheld to satisfy tax obligations related to the vesting of restricted stock.
• The price per share for the tax withholding was $42.685.
• Following the transaction, Mr. Thomas directly owns 11,827 shares of FirstEnergy Corp. common stock.
• Mr. Thomas also indirectly owns 201,244 shares through the company's 401(k) Savings Plan, which includes dividend reinvestment and company match features.

Sentiment

Score: 5

Explanation: The document is a routine filing of a stock transaction and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to executive stock transactions and is common for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, as mandated by the SEC.
• The reporting of stock transactions by executives is a common occurrence across all industries and is not specific to FirstEnergy Corp.
• The details of the transaction, such as the number of shares and price, are typical for these types of filings.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares relative to the total outstanding shares.
• The transaction is part of the executive compensation plan and is not expected to have a significant impact on employees or other stakeholders.

Key Dates

Keywords

FirstEnergy Corp, stock transaction, Form 4, beneficial ownership, Toby L. Thomas, tax withholding, restricted stock, 401k, executive compensation