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

Allan Wade Smith, President of FE Utilities at FirstEnergy Corp, reports the withholding of shares for tax obligations and holdings in the company's savings plan.

Summary

• On December 18, 2024, Allan Wade Smith, President of FE Utilities at FirstEnergy Corp, reported transactions involving FirstEnergy Corp common stock.
• 14,738 shares were disposed of at a price of $39.51 to satisfy tax withholding obligations upon the vesting of restricted common stock.
• Smith directly owns 83,554 shares of FirstEnergy Corp common stock following the reported transaction.
• Smith indirectly owns 254.805 shares through the company's 401(k) Savings Plan as of November 30, 2024.
• The shares in the 401(k) include dividend reinvestment and company match features.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into the transactions of those with access to inside information.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States.
• Companies like Duke Energy, Southern Company, and Exelon also have similar insider transaction filings when their executives trade company stock.
• The level of detail provided in this Form 4 is consistent with SEC requirements and industry norms.

Stakeholder Impact

• Shareholders are informed about insider transactions, providing transparency into management's actions.
• The filing ensures compliance with SEC regulations, maintaining investor confidence.

Key Dates