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 in FirstEnergy Corp. under the company's incentive compensation and deferred compensation plans.

Summary

• On April 1, 2025, Paul J. Kaleta, a director of FirstEnergy Corp., acquired 2,051 shares of common stock.
• Kaleta also acquired 1,056 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 following the conclusion of service as a director.
• Each phantom stock unit is the economic equivalent of one share of common stock.
• Following the reported transactions, Kaleta beneficially owns 13,921.6337 derivative securities, which includes phantom stock units acquired through dividend reinvestments.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting insider transactions, which is neutral in sentiment.

Positives

• The acquisition of shares and phantom stock units by a director may signal confidence in the company's future performance.

Future Outlook

The phantom stock units are payable in cash or shares of FirstEnergy Corp. common stock following the conclusion of service as a director.

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 directors.

Stakeholder Impact

• The transactions may be of interest to shareholders as they provide insight into the actions of a company director.

Key Dates

Keywords

FirstEnergy Corp, Director, Paul J. Kaleta, Common Stock, Phantom Stock Units, Incentive Compensation Plan, Deferred Compensation Plan, Beneficial Ownership, Form 4