Form 4: FirstEnergy Director Boosts Stake with Share Acquisition

FirstEnergy Director Leslie M. Turner acquired 944 shares of common stock at $45 per share as part of her compensation, increasing her direct beneficial ownership to 8,477 shares.

Summary

• Leslie M. Turner, a Director of FirstEnergy Corp. (FE), acquired 944 shares of common stock.
• The transaction occurred on January 2, 2026, at a price of $45 per share.
• These shares represent quarterly director compensation under the FirstEnergy Corp. 2020 Incentive Compensation Plan.
• Following this transaction, Ms. Turner directly beneficially owns 8,477 shares of common stock.
• Ms. Turner also holds 23,661.0621 phantom stock units, which are equivalent to common stock and include accrued dividends.
• The phantom stock units are payable in cash or shares upon conclusion of her service as a director, according to the FirstEnergy Corp. Deferred Compensation Plan for Outside Directors.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 6

Explanation: Slightly positive as a director is increasing their stake, even if through compensation, which can be seen as a sign of confidence. However, it's a routine transaction and not indicative of significant new information.

Positives

• A director increasing their direct beneficial ownership, even through compensation, can signal confidence in the company's future.
• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-arranged, non-discretionary acquisition.

Future Outlook

NA

Industry Context

This routine insider transaction reflects standard director compensation practices within the utility sector, where equity-based awards are common to align director interests with shareholders. It does not provide broader insights into FirstEnergy's operational performance or strategic position within the industry.

Comparison to Industry Standards

• Director compensation plans, including equity awards like common stock and phantom stock units, are standard practice across publicly traded companies, particularly in the utility sector.
• The structure of FirstEnergy's 2020 Incentive Compensation Plan and Deferred Compensation Plan for Outside Directors aligns with typical corporate governance frameworks designed to incentivize long-term commitment and align director interests with shareholder value.
• No specific comparable companies or projects are detailed in this filing to allow for a direct comparative assessment of the results.

Corporate Governance

Related Party Transactions

• Acquisition of 944 shares of common stock by Director Leslie M. Turner as quarterly compensation, valued at $45 per share, under the FirstEnergy Corp. 2020 Incentive Compensation Plan.

Stakeholder Impact

• Shareholders: Minor positive signal from a director increasing their equity stake, reinforcing confidence in the company's long-term prospects.
• Directors: Receipt of compensation in line with established plans, ensuring continued alignment of interests with the company.

Key Dates

Keywords

FirstEnergy, FE, Insider Trading, Form 4, Director Compensation, Share Acquisition, Leslie M. Turner, Phantom Stock Units, Corporate Governance, Utility Sector