Form 4: FirstEnergy VP Controller's RSU Performance Goals Met

FirstEnergy's VP, Controller & CAO, Jason Lisowski, reported the satisfaction of performance goals for his restricted stock units, set to vest on March 1, 2026.

Summary

• Jason Lisowski, FirstEnergy Corp.'s VP, Controller & CAO, filed a Form 4 disclosing changes in his beneficial ownership.
• Performance goals for 7,337.544 performance-adjusted Restricted Stock Units (RSUs) granted on March 1, 2023, were certified by the Company's Board of Directors on February 11, 2026.
• These RSUs will vest on March 1, 2026, with 2/3 payable in Company common stock and 1/3 in cash, subject to continued service.
• Lisowski directly holds 4,327.296 shares of Common Stock, updated to include dividend reinvestments.
• He indirectly holds an estimated 1,198.87 shares of Common Stock through the Company's 401(k) Savings Plan as of January 31, 2026, which includes dividend reinvestment and company match features.
• Lisowski also holds 30,431.088 units of phantom stock, which are economic equivalents of common stock, payable in cash upon retirement or termination of employment under the FirstEnergy Corp. Amended and Restated Executive Deferred Compensation Plan, including those acquired through dividend reinvestments.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this filing positively for the executive, as it confirms the achievement of performance goals for a significant portion of their compensation. It also indirectly suggests positive company performance in meeting those targets.

Positives

• The satisfaction of performance goals for the Restricted Stock Units (RSUs) indicates that the company met specific performance targets, which is a positive sign for overall company performance.
• The vesting of RSUs and accumulation of phantom stock and common stock through dividend reinvestments reflects a stable and growing compensation package for a key executive.

Future Outlook

The vesting of the Restricted Stock Units on March 1, 2026, is contingent upon the reporting person's continued service to the company.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures of insider transactions, primarily related to executive compensation and ownership changes. This filing reflects standard compensation practices within the utility sector, where long-term incentives like RSUs and phantom stock are common to align executive interests with shareholder value.

Corporate Governance

Stakeholder Impact

• Shareholders: The satisfaction of RSU performance goals suggests the company met specific targets, which could be viewed positively as an indicator of operational success.
• Employees (specifically the reporting person): The vesting of RSUs and accumulation of other equity-based compensation directly benefits the reporting executive, reinforcing retention and alignment with company performance.

Next Steps

• The 7,337.544 performance-adjusted Restricted Stock Units (RSUs) are scheduled to vest on March 1, 2026, subject to the reporting person's continued service.

Key Dates

Recommendation

This Form 4 filing is a routine disclosure of executive compensation and beneficial ownership changes. While the satisfaction of RSU performance goals is a positive indicator of company performance, it does not, on its own, provide sufficient new information to warrant a change in investment recommendation. It primarily confirms expected compensation events for an insider.

Keywords

FirstEnergy, FE, Form 4, Insider Transaction, Restricted Stock Units, RSU, Phantom Stock, Executive Compensation, Beneficial Ownership, Dividend Reinvestment, Corporate Governance