FE Form 4: Director O’Neil awarded quarterly stock, 43.7k phantom units

Rhea-AI Filing Summary

Form 4 Overview: Director James F. O’Neil reported an automatic equity grant from FirstEnergy Corp. (FE) on 01 July 2025.

• Common stock: 1,055 shares acquired at a reference price of $40.26, tied to the company’s 2020 Incentive Compensation Plan for outside directors.
• Post-transaction holding: 7,811.708 shares held directly.
• Deferred compensation: 43,720.6405 phantom stock units remain outstanding; each unit economically equals one FE share and is payable in cash or stock after board service ends.

No sales were reported and the transaction was “A” (acquisition), indicating additional alignment between the director and shareholders. Because the shares were granted as compensation rather than purchased on the open market, the filing is generally viewed as routine and not materially impactful to FE’s capital structure or insider-sentiment metrics.

Insights

Financial Analyst

TL;DR: Routine compensation grant; neutral impact on valuation.

The 1,055-share grant (~$42k) and existing 43.7k phantom units neither alter FirstEnergy’s share count nor signal discretionary insider buying. Such board compensation disclosures are standard, with no implications for earnings, liquidity, or strategic direction. I classify the event as informational only, keeping my valuation and risk models unchanged.

Corporate Governance Expert

TL;DR: Standard director equity alignment; no governance red flags.

The deferred phantom stock structure aligns director incentives with long-term shareholder value, a common best practice among utilities. No unusual acceleration clauses or preferential pricing are evident. The modest direct-share balance (7.8k) is typical for an outside director. Overall governance impact is neutral.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

ONEIL JAMES F

(Last) (First) (Middle)

341 WHITE POND DRIVE

(Street)

AKRON OH 44320

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FIRSTENERGY CORP [ FE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	07/01/2025		A		1,055	A	$40.26	7,811.708(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock Units	(3)							(4)	(4)	Common Stock	43,720.6405		43,720.6405(5)	D

Explanation of Responses:

1. Represents shares paid quarterly for director compensation under the FirstEnergy Corp. 2020 Incentive Compensation Plan.

2. Includes shares acquired through dividend reinvestments.

3. 1 for 1

4. This holding reflects phantom stock payable in cash or shares of FirstEnergy Corp. common stock following conclusion of service as a director, in accordance with the terms and conditions of the FirstEnergy Corp. Deferred Compensation Plan for Outside Directors. Each share of phantom stock is the economic equivalent of one share of common stock.

5. Includes dividends accrued on phantom stock units.

	/s/ Mary M. Swann, attorney-in-fact	07/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did FirstEnergy (FE) director James F. O’Neil report on his Form 4?

He received 1,055 FE common shares on 07/01/2025 as part of his quarterly board compensation.

How many FirstEnergy shares does the director now own directly?

After the grant, O’Neil directly holds 7,811.708 FE shares.

What are phantom stock units in this filing?

They are deferred-compensation units (43,720.6405) that mirror FE’s share price and are settled in cash or stock when board service ends.

Was the transaction an open-market purchase?

No. The shares were automatically granted under the 2020 Incentive Compensation Plan (code "A").

Does this filing materially affect FirstEnergy’s share count?

No. The 1,055-share grant is immaterial relative to FE’s outstanding shares and has no impact on earnings or dilution.