FirstEnergy director granted 837 phantom stock units
KALETA PAUL J reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
KALETA PAUL J reported acquisition or exercise transactions in this Form 4 filing.
FIRSTENERGY CORP director Paul J. Kaleta received a grant of 837 Phantom Stock Units on April 1, 2026 as compensation under the FirstEnergy Corp. 2020 Incentive Compensation Plan and deferred into the Deferred Compensation Plan for Outside Directors.
Following this grant, Kaleta holds 18,290.4465 Phantom Stock Units, each described as the economic equivalent of one share of common stock and payable in cash or FirstEnergy common shares after his board service ends, and he also holds 2,051 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 837 shares
Grant/Award
2 txns
Insider
KALETA PAUL J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 837 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Units — 18,290.4465 contracts (Direct);
Common Stock — 2,051 shares (Direct)
Footnotes (4)
- F1. Represents shares paid quarterly under the FirstEnergy Corp. 2020 Incentive Compensation Plan and deferred pursuant to the FirstEnergy Corp. Deferred Compensation Plan for Outside Directors.
- F2. 1 for 1
- F3. 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.
- F4. Includes dividends accrued on phantom stock units.
Key Figures
Phantom stock grant: 837 Phantom Stock Units
Total phantom units held: 18,290.4465 Phantom Stock Units
Common stock holding: 2,051 shares
+2 more
5 metrics
Phantom stock grant
837 Phantom Stock Units
Grant on April 1, 2026 under incentive plan
Total phantom units held
18,290.4465 Phantom Stock Units
Balance following April 1, 2026 grant
Common stock holding
2,051 shares
Common stock held directly after reported date
Phantom-to-common ratio
1 for 1
Each phantom unit equals one common share economically
Transaction date
April 1, 2026
Date of phantom stock unit grant
Key Terms
Phantom Stock Units, Deferred Compensation Plan for Outside Directors, 2020 Incentive Compensation Plan, economic equivalent, +1 more
5 terms
Phantom Stock Units financial
"Represents shares paid quarterly under the FirstEnergy Corp. 2020 Incentive Compensation Plan and deferred pursuant to the FirstEnergy Corp. Deferred Compensation Plan for Outside Directors."
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Deferred Compensation Plan for Outside Directors financial
"deferred pursuant to the FirstEnergy Corp. Deferred Compensation Plan for Outside Directors."
2020 Incentive Compensation Plan financial
"Represents shares paid quarterly under the FirstEnergy Corp. 2020 Incentive Compensation Plan and deferred pursuant to the FirstEnergy Corp. Deferred Compensation Plan for Outside Directors."
economic equivalent financial
"Each share of phantom stock is the economic equivalent of one share of common stock."
FAQ
What did FirstEnergy (FE) director Paul J. Kaleta report in this Form 4?
Paul J. Kaleta reported receiving 837 Phantom Stock Units as a compensation grant. These units were paid quarterly under the 2020 Incentive Compensation Plan and deferred into the Deferred Compensation Plan for Outside Directors, reflecting routine, non-market-based director compensation rather than an open-market trade.
How many Phantom Stock Units does Paul J. Kaleta hold after this Form 4 for FE?
After the latest grant, Kaleta holds 18,290.4465 Phantom Stock Units. The filing explains these units are payable in cash or FirstEnergy common stock after he concludes service as a director, with each unit providing the economic equivalent of one share of common stock.
Does this FirstEnergy (FE) Form 4 show any insider buying or selling of common stock?
The Form 4 does not show any open-market buying or selling of common stock. It reports a grant of 837 Phantom Stock Units as compensation and lists a holding entry for 2,051 common shares held directly, without indicating a purchase or sale transaction in those shares.
What are Phantom Stock Units in the FirstEnergy (FE) director compensation plans?
Phantom Stock Units are described as the economic equivalent of FirstEnergy common stock, credited under the Deferred Compensation Plan for Outside Directors. They may be settled in cash or common shares after the director’s service ends, and the filing notes they also accrue dividends on the units.
What compensation plans are referenced in Paul J. Kaleta’s Form 4 for FE?
The Form 4 references the FirstEnergy Corp. 2020 Incentive Compensation Plan and the Deferred Compensation Plan for Outside Directors. The 837 Phantom Stock Units were paid quarterly under the incentive plan and deferred under the outside directors’ plan, aligning director compensation with FirstEnergy’s share value over time.
How is the conversion rate of Phantom Stock Units described for FirstEnergy (FE)?
The filing states a conversion relationship of “1 for 1,” explaining each Phantom Stock Unit is the economic equivalent of one share of FirstEnergy common stock. These units are ultimately payable in cash or common shares after the director’s service concludes, under the plan’s terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
