Form 4: FirstEnergy Director John W. Somerhalder II Reports Stock Acquisition
SEC Form 4
Director John W. Somerhalder II reports acquisition of FirstEnergy Corp. stock through incentive compensation and savings plan.
Summary
- On July 1, 2024, John W. Somerhalder II, a director of FirstEnergy Corp (FE), acquired 1,688 shares of common stock at a price of $38.48 per share.
- These shares were obtained through the FirstEnergy Corp. 2020 Incentive Compensation Plan.
- Somerhalder also indirectly holds 706.5121 shares through FE's 401(k) Savings Plan, which includes dividend reinvestment and company match features.
- As of the reported transaction, Somerhalder beneficially owns 149,242 shares of FirstEnergy Corp.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard disclosure of stock transactions by a company director.
Positives
- The acquisition of shares by a director may signal confidence in the company's future performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.
Stakeholder Impact
- The transaction provides stakeholders with information about insider activity, which can influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 06/30/2024 | Date for the estimate of the number of shares of FE's common stock held in the unitized stock fund and allocated to the reporting person's account. |
| 07/01/2024 | Date of the transaction where John W. Somerhalder II acquired 1,688 shares of FirstEnergy Corp. common stock. |
| 07/03/2024 | Date of the signature of the report by Mary M. Swann, attorney-in-fact. |
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