Form 4: FirstEnergy Corp Executive Toby L. Thomas Reports Stock Transactions
SEC Form 4 Filing
Chief Operating Officer Toby L. Thomas reports vesting of restricted stock units and associated tax withholding.
Summary
- On March 1, 2024, Toby L. Thomas, Chief Operating Officer of FirstEnergy Corp, reported the vesting of 7,866 performance-adjusted restricted stock units (RSUs).
- These RSUs converted into shares of common stock.
- Simultaneously, 2,461 shares were withheld to cover tax obligations at a price of $36.305 per share.
- Following these transactions, Thomas directly owns 13,543 shares of FirstEnergy Corp common stock.
Sentiment
Score: 6
Explanation: The document is a routine filing related to executive compensation. The vesting of RSUs suggests that performance goals were met, which is mildly positive.
Positives
- The vesting of RSUs indicates that performance goals were met, which is a positive signal.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation packages.
Stakeholder Impact
- The vesting of RSUs and subsequent tax withholding are standard components of executive compensation packages.
Key Dates
| Date | Description |
|---|---|
| February 7, 2024 | Company's Board of Directors certified the satisfaction of the performance goals for the RSUs. |
| February 9, 2024 | Previous Form 4 filed reporting the satisfaction of performance goals. |
| March 1, 2024 | Date of RSU vesting and associated stock transactions. |
| March 5, 2024 | Date of Form 4 filing. |
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