Form 4: FirstEnergy Director Paul J. Kaleta Reports Acquisition of Common Stock and Phantom Stock Units

Director Paul J. Kaleta reports acquiring common stock and phantom stock units through FirstEnergy's incentive and deferred compensation plans.

Summary

• On April 1, 2024, Paul J. Kaleta, a director of FirstEnergy Corp, acquired 2,051 shares of common stock.
• Kaleta also acquired 1,043 phantom stock units under the FirstEnergy Corp. 2020 Incentive Compensation Plan and Deferred Compensation Plan for Outside Directors.
• These phantom stock units are payable in cash or shares of FirstEnergy Corp. common stock upon conclusion of service as a director.
• Following the reported transactions, Kaleta beneficially owns 9,469.067 derivative securities.
• The filing was signed by Mary M. Swann, attorney-in-fact, on April 3, 2024.

Sentiment

Score: 7

Explanation: The document reflects standard insider transactions, indicating confidence in the company's future. The acquisition of stock and phantom stock units is generally a positive sign.

Positives

• The acquisition of phantom stock units through dividend reinvestments and compensation plans suggests a long-term commitment by the director to the company's success.

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 Form 4 filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the holdings and transactions of company insiders, allowing investors to monitor their activity.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
• Companies like Duke Energy, Southern Company, and Exelon also have similar insider transaction reporting requirements.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The acquisition of stock and phantom stock units by a director can be viewed positively by stakeholders.

Key Dates