Form 4: FirstEnergy Director Jana T Croom Reports Acquisition of Phantom Stock Units

Director Jana T Croom reports acquisition of phantom stock units and dividend reinvestments in FirstEnergy Corp.

Summary

• On January 2, 2025, Jana T Croom, a director of FirstEnergy Corp, acquired 1,000 phantom stock units.
• These units were granted as part of director compensation under the FirstEnergy Corp. 2020 Incentive Compensation Plan and deferred under the Deferred Compensation Plan for Outside Directors.
• Croom also acquired additional shares of common stock through dividend reinvestments.
• Following these transactions, Croom beneficially owns 8,615.7761 phantom stock units and 2,644.591 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects standard director compensation and investment activities, indicating a stable and well-governed company. The sentiment is neutral to positive.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of the company.
• Dividend reinvestments indicate a continued investment in FirstEnergy Corp.'s common stock.

Future Outlook

The phantom stock units are payable in cash or shares of FirstEnergy Corp. common stock following conclusion of service as a director.

Industry Context

This filing is a routine disclosure of a director's beneficial ownership changes, common in publicly traded companies. It reflects standard compensation practices for board members.

Comparison to Industry Standards

• Director compensation packages often include stock or stock-based awards to align director interests with shareholder value.
• Phantom stock units are a common form of deferred compensation for directors in many publicly traded companies.
• Dividend reinvestment programs are widely available to shareholders, including directors, allowing them to increase their holdings over time.

Related Party Transactions

• The acquisition of phantom stock units as part of director compensation is a related party transaction.

Stakeholder Impact

• The director's increased stake in the company through phantom stock units and dividend reinvestments could positively influence investor confidence.

Key Dates