Director O'Neil (NYSE: FE) adds phantom stock units as compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIRSTENERGY CORP director James F. O'Neil reported routine compensation-related equity activity. He received a grant of 898 Phantom Stock Units as quarterly director compensation under the 2020 Incentive Compensation Plan, deferred into the Deferred Compensation Plan for Outside Directors.
Each phantom stock unit is the economic equivalent of one share of common stock and is payable in cash or shares after his board service ends. After this grant and including accrued dividends, O'Neil holds 47,160.6142 phantom stock units and 1,887.835 shares of common stock, which include shares acquired through dividend reinvestments.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
ONEIL JAMES F
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 898 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Units — 47,160.614 shares (Direct, null);
Common Stock — 1,887.835 shares (Direct, null)
Footnotes (1)
- Includes shares acquired through dividend reinvestments. Represents shares paid quarterly for director compensation under the FirstEnergy Corp. 2020 Incentive Compensation Plan and deferred pursuant to the FirstEnergy Corp. Deferred Compensation Plan for Outside Directors. 1 for 1 This holding reflects phantom stock units payable in cash or shares of Company common stock following conclusion of service as a director, in accordance with the terms and conditions of the Company Deferred Compensation Plan for Outside Directors. Each phantom stock unit is the economic equivalent of one share of common stock. Includes dividends accrued on phantom stock units.
Key Figures
Phantom units granted: 898 Phantom Stock Units
Total phantom units held: 47,160.6142 Phantom Stock Units
Common shares held: 1,887.835 shares
+2 more
5 metrics
Phantom units granted
898 Phantom Stock Units
Quarterly director compensation grant
Total phantom units held
47,160.6142 Phantom Stock Units
Holdings after grant, includes accrued dividends
Common shares held
1,887.835 shares
Direct common stock holdings including dividend reinvestments
Phantom unit ratio
1 for 1
Each phantom stock unit equals one share of common stock economically
Derivative transactions reported
1 transaction
One derivative grant/award acquisition in this filing
Key Terms
Phantom Stock Units, Deferred Compensation Plan for Outside Directors, dividend reinvestments, economic equivalent
4 terms
Phantom Stock Units financial
"Represents shares paid quarterly for director compensation 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."
dividend reinvestments financial
"Includes shares acquired through dividend reinvestments."
economic equivalent financial
"Each phantom stock unit is the economic equivalent of one share of common stock."
FAQ
What did FirstEnergy (FE) director James F. O'Neil report in this Form 4?
James F. O'Neil reported a routine grant of 898 Phantom Stock Units as part of his quarterly director compensation. These units were deferred into FirstEnergy’s Deferred Compensation Plan for Outside Directors and are not an open‑market stock purchase or sale.
How many Phantom Stock Units does FirstEnergy (FE) director O'Neil now hold?
After this grant, O'Neil holds 47,160.6142 Phantom Stock Units. The holding includes dividends accrued on these phantom units, which track the economic value of FirstEnergy common stock on a one-for-one basis under the company’s outside director compensation programs.
What are Phantom Stock Units in the FirstEnergy (FE) director plan?
Phantom Stock Units are bookkeeping units that mirror FirstEnergy’s common stock value. Each unit equals one share economically and will be settled in cash or shares after the director’s service concludes, under the Deferred Compensation Plan for Outside Directors, rather than traded on the open market.
Is the FirstEnergy (FE) director transaction a buy or a sale of stock?
The filing shows an acquisition of 898 Phantom Stock Units as a grant or award, not an open‑market purchase or sale. It represents compensation deferred into a plan, with payment in cash or stock after O'Neil’s board service ends.