Form 4: FirstEnergy Executive Reports Stock Transactions Following RSU Vesting

VP, Controller & CAO of FirstEnergy, Jason Lisowski, reports transactions related to the vesting and tax withholding of performance-adjusted restricted stock units (RSUs).

Summary

• On March 1, 2024, Jason Lisowski, VP, Controller & CAO of FirstEnergy Corp, reported transactions related to the vesting of performance-adjusted restricted stock units (RSUs).
• The RSUs, granted under the 2020 Incentive Compensation Plan, vested on March 1, 2024, after the Company's Board of Directors certified the satisfaction of performance goals on February 7, 2024.
• The vesting resulted in the acquisition of 18,221.376 shares of common stock.
• A portion of the shares (8,431.837) were automatically withheld to cover tax obligations at a price of $36.305 per share.
• Additionally, 3,224.539 shares were deemed disposed of to cover cash-based RSUs, also at $36.305 per share.
• Following these transactions, Lisowski directly owns 9,518.125 shares and indirectly owns 812.784 shares through the company's 401(k) Savings Plan as of February 29, 2024.

Sentiment

Score: 6

Explanation: The document is neutral in tone, simply reporting required information about stock transactions. The vesting of RSUs suggests positive performance, but the document itself is not promotional.

Positives

• The vesting of RSUs indicates that performance goals were met, as certified by the Company's Board of Directors.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing is specific to an individual officer's stock transactions and doesn't necessarily reflect broader industry trends.

Stakeholder Impact

• The transactions have a minor impact on shareholders, as they involve the vesting and subsequent sale of shares by an executive to cover tax obligations.

Key Dates