Form 4: FirstEnergy Director Leslie M. Turner Reports Acquisition of Phantom Stock Units

Director Leslie M. Turner reports acquisition of 900 phantom stock units of FirstEnergy Corp. through director compensation plan.

Summary

• On October 1, 2024, Leslie M. Turner, a director of FirstEnergy Corp., acquired 900 phantom stock units.
• These units were received as part of the FirstEnergy Corp. 2020 Incentive Compensation Plan and deferred under the Deferred Compensation Plan for Outside Directors.
• The phantom stock units are payable in cash or shares of FirstEnergy Corp. common stock upon conclusion of service as a director.
• Each phantom stock unit is economically equivalent to one share of common stock.
• Following the transaction, Turner directly owns 4,497 shares of common stock and 21,498.6231 phantom stock units, which includes units acquired through dividend reinvestments.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing indicating routine compensation practices. It doesn't suggest any significant positive or negative developments, hence a neutral to slightly positive sentiment.

Positives

• The acquisition of phantom stock units aligns the director's interests with the company's performance.
• The director compensation plan incentivizes long-term commitment from board members.

Future Outlook

The phantom stock units will be 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 insider transactions, which is common in publicly traded companies. It provides transparency into the holdings and transactions of company directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance.

Key Dates