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

Director Leslie M. Turner reports acquiring phantom stock units in FirstEnergy Corp. through director compensation and dividend reinvestments.

Summary

• Leslie M. Turner, a director at FirstEnergy Corp., reported a transaction on July 1, 2024.
• The transaction involved the acquisition of 1,039 phantom stock units.
• These units were acquired as part of director compensation under the FirstEnergy Corp. 2020 Incentive Compensation Plan and deferred under the Deferred Compensation Plan for Outside Directors.
• The reporting person directly owns 4,497 shares of common stock.
• The reporting person directly owns 20,404.0081 derivative securities.
• The phantom stock units are payable in cash or shares of FirstEnergy Corp. common stock upon the director's departure, with each unit equivalent to one share of common stock.
• The report was signed by Mary M. Swann, attorney-in-fact, on July 3, 2024.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and alignment of interests. There are no indications of negative events or concerns.

Positives

• The acquisition of phantom stock units reflects ongoing director compensation and alignment with company performance.

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 for publicly traded companies. It provides transparency into the compensation and holdings of company directors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation.

Key Dates