Form 4: FirstEnergy Director Acquires Phantom Stock Units

FirstEnergy Corp. director Paul J. Kaleta acquired 837 phantom stock units under the company's incentive compensation and deferred compensation plans.

Summary

• Paul J. Kaleta, a Director at FirstEnergy Corp. (FE), acquired 837 phantom stock units on April 1, 2026.
• These units were awarded under the FirstEnergy Corp. 2020 Incentive Compensation Plan and deferred under the FirstEnergy Corp. Deferred Compensation Plan for Outside Directors.
• Each phantom stock unit is economically equivalent to one share of FirstEnergy Corp. common stock and is payable in cash or shares upon conclusion of service as a director.
• Following this transaction, Kaleta beneficially owns 2,051 shares of common stock directly, in addition to the phantom stock units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine insider transaction related to compensation plans rather than a significant strategic event or financial performance indicator.

Positives

• Director participation in incentive and deferred compensation plans indicates alignment with company performance and long-term strategy.
• Acquisition of phantom stock units suggests continued commitment and investment by a key insider.

Future Outlook

The filing does not contain forward-looking statements or guidance. The phantom stock units are payable following the conclusion of service as a director.

Industry Context

StockSavvy.ai notes that insider transactions, such as the acquisition of phantom stock units by directors, are common in the utility sector as a means to align executive and director interests with long-term shareholder value.

Stakeholder Impact

• Shareholders: The transaction reflects a standard compensation practice for directors, potentially aligning their interests with long-term company performance.

Next Steps

• Phantom stock units are payable in cash or shares of FirstEnergy Corp. common stock following the conclusion of service as a director.

Key Dates

Keywords

FirstEnergy Corp, FE, Form 4, Insider Transaction, Phantom Stock Units, Incentive Compensation, Deferred Compensation, Director, Beneficial Ownership