Form 4: FirstEnergy Director John W. Somerhalder II Reports Stock Acquisition

Director John W. Somerhalder II reports acquiring 1,695 shares of FirstEnergy Corp. common stock at $38.33 per share on April 1, 2024, and indirectly holding 691.655 shares through a savings plan.

Summary

• On April 1, 2024, John W. Somerhalder II, a director of FirstEnergy Corp. [FE], acquired 1,695 shares of common stock at a price of $38.33 per share.
• This acquisition was made under the FirstEnergy Corp. 2020 Incentive Compensation Plan.
• Somerhalder also indirectly holds 691.655 shares through FE's 401(k) Savings Plan, which includes dividend reinvestment and company match features.
• As of February 29, 2024, the reported indirect holdings in the 401(k) Plan are an estimate of the shares held in the unitized stock fund allocated to Somerhalder's account.
• Following the reported transaction, Somerhalder directly owns 147,554 shares of FirstEnergy Corp.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard disclosure of stock acquisition by a company director. It doesn't inherently indicate positive or negative sentiment about the company's performance.

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. Investors often monitor these filings for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment if viewed as a sign of confidence by a company insider.

Key Dates