Form 4: FirstEnergy VP, Controller & CAO Sells 12,000 Shares Under Pre-Arranged Plan

Jason Lisowski, VP, Controller & CAO of FirstEnergy Corp., reported the sale of 12,000 shares of common stock for approximately $503,652, executed under a Rule 10b5-1 trading plan.

Summary

• Jason Lisowski, the Vice President, Controller, and Chief Accounting Officer (CAO) of FirstEnergy Corp. (FE), reported a transaction on May 22, 2025.
• Mr. Lisowski sold 12,000 shares of FirstEnergy Common Stock at a weighted average price of $41.971 per share.
• The total value of the shares sold amounts to approximately $503,652.
• The shares were sold in multiple transactions within a price range of $41.97 to $41.98 per share.
• The transaction was made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan for the sale of equity securities.
• Following the reported transaction, Mr. Lisowski directly beneficially owns 183.097 shares of Common Stock, which includes shares acquired through dividend reinvestments.
• Additionally, Mr. Lisowski indirectly beneficially owns an estimated 991.6674 shares of Common Stock through the Company's 401(k) Savings Plan as of April 30, 2025, which also includes dividend reinvestment and company match features.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While it's an insider sale, the fact that it's under a Rule 10b5-1 plan suggests it's a pre-planned liquidity event rather than a signal of negative company outlook. The transparency of the filing is also a positive.

Positives

• The transaction was conducted under a Rule 10b5-1 plan, indicating a pre-scheduled sale rather than a reactive one, which can mitigate concerns about insider sentiment.

Negatives

• A high-ranking officer selling a significant number of shares, even under a 10b5-1 plan, represents a reduction in insider ownership, which can sometimes be perceived negatively by the market.

Risks

• While the sale was pre-planned, a disposition of shares by a key executive could be interpreted by some investors as a lack of confidence in the company's future prospects, potentially leading to negative market sentiment.

Stakeholder Impact

• Shareholders: May observe a reduction in direct insider ownership, though mitigated by the 10b5-1 plan disclosure.

Key Dates

Keywords

FirstEnergy Corp, FE, SEC Form 4, Insider Trading, Stock Sale, Jason Lisowski, VP Controller CAO, Rule 10b5-1, Beneficial Ownership, Common Stock