Form 4: FirstEnergy VP Lisowski Reports RSU Vesting, Stock Transactions

FirstEnergy Corp.'s VP, Controller & CAO, Jason Lisowski, reported the vesting of restricted stock units and related stock transactions, including tax withholdings and cash settlements.

Summary

• Jason Lisowski, VP, Controller & CAO of FirstEnergy Corp. (FE), reported several transactions involving the company's common stock.
• On March 1, 2026, 3,034 time-based restricted stock units (RSUs) were acquired, which will vest in full on March 1, 2029, under the 2020 Incentive Compensation Plan.
• On March 2, 2026, 7,402.171 performance-adjusted RSUs vested and converted into common stock on a one-for-one basis.
• These performance-adjusted RSUs had their performance goals certified by the Board of Directors on February 11, 2026, and remained subject to a continued service requirement until vesting on March 1, 2026.
• To cover tax obligations associated with the vesting of share-based RSUs, 2,183 shares of common stock were disposed of at a price of $50.97 per share on March 1, 2026.
• Additionally, 2,438.171 cash-based RSUs were settled on March 1, 2026, based on the average stock price on February 27, 2026, net of applicable tax withholding, at a price of $50.97 per share.
• Following these transactions, Lisowski beneficially owns 10,176.309 shares directly and an estimated 1,362.295 shares indirectly through the company's 401(k) Savings Plan as of February 28, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing routine insider transactions related to executive compensation. It does not indicate any significant positive or negative operational or financial developments for FirstEnergy Corp.

Positives

• Vesting of 7,402.171 performance-adjusted Restricted Stock Units (RSUs) indicates the achievement of performance goals certified by the Board of Directors.
• Acquisition of 3,034 time-based RSUs demonstrates continued equity incentive for the VP, Controller & CAO, aligning management interests with long-term shareholder value.

Negatives

• Disposal of 2,183 shares of common stock to cover tax obligations associated with RSU vesting reduces the direct equity holdings of the reporting person.
• Settlement of 2,438.171 cash-based RSUs, while a form of compensation, means these units did not convert into additional equity holdings for the reporting person.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures of insider transactions, common across all publicly traded industries. These specific transactions reflect standard equity compensation practices, including RSU vesting and associated tax-related sales, which are typical for senior executives in the utility sector like FirstEnergy.

Comparison to Industry Standards

• StockSavvy.ai observes that the use of Restricted Stock Units (RSUs) as a component of executive compensation, including both time-based and performance-adjusted awards, is a widely adopted practice across major U.S. corporations, particularly within the energy and utility sectors.
• Companies such as Duke Energy (DUK), American Electric Power (AEP), and Exelon (EXC) frequently utilize similar equity incentive plans to align executive interests with long-term shareholder value and retain key talent.
• The reported tax withholding and cash settlement mechanisms are also standard procedures for managing RSU vesting events, ensuring compliance with tax obligations and providing liquidity to executives.

Stakeholder Impact

• Shareholders: Minimal direct impact. The vesting and subsequent sales/settlements are part of a pre-existing compensation structure. The increase in direct beneficial ownership (post-tax) for the VP, Controller & CAO slightly increases management's alignment with shareholder interests.
• Employees: No direct impact mentioned beyond the reporting person's transactions.
• Customers: No direct impact.
• Suppliers: No direct impact.
• Creditors: No direct impact.

Next Steps

• The 3,034 time-based restricted stock units are scheduled to vest in full on March 1, 2029.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions related to executive compensation, specifically the vesting of restricted stock units and associated tax-related sales. Such transactions are expected and do not typically provide new information that would warrant a change in investment thesis for FirstEnergy Corp. The filing confirms the execution of pre-existing compensation plans and does not reflect on the company's operational performance or future prospects. Therefore, a 'hold' recommendation is appropriate, as this filing alone does not present a compelling reason to buy or sell the stock.

Keywords

FirstEnergy Corp, FE, Jason Lisowski, Form 4, SEC filing, insider trading, restricted stock units, RSU vesting, equity compensation, stock transactions, corporate officer, VP Controller CAO, performance-based compensation, time-based RSUs, tax withholding, 401k plan