[Form 4] FIRSTENERGY CORP Insider Trading Activity

Rhea-AI Filing Summary

Paul J. Kaleta, an outside director of FirstEnergy Corp. (FE), reported transactions dated 10/01/2025. The filing shows a disposition of 2,051 shares of FirstEnergy common stock and an acquisition of 925 phantom stock units under the company’s 2020 Incentive Compensation Plan, with those phantom units recorded as the economic equivalent of common shares. The report states that phantom stock is paid quarterly and deferred under the FirstEnergy Deferred Compensation Plan for Outside Directors and is payable in cash or shares at the end of director service. The filing records 16,203.6424 phantom stock units beneficially owned following the transaction and is signed by an attorney-in-fact on 10/03/2025.

Positive

• 925 phantom stock units were added to deferred compensation, aligning director pay with company equity
• Phantom units are recorded 1-for-1 with common stock and may be settled in cash or shares

Negative

• Disposition of 2,051 shares on 10/01/2025 reduced the director's direct common-stock holdings
• Form does not state the post-transaction number of directly held common shares following the 2,051 share disposition

Insights

Corporate Governance Analyst

Director reported share sale and increased deferred holdings under the director plan.

The Form 4 shows a disposition of 2,051 common shares by director Paul J. Kaleta on 10/01/2025, which reduces his direct common-stock holding as reported on this form. The filing also records that 925 phantom stock units were added to his deferred compensation balance, consistent with director compensation practices.

This is a routine disclosure of insider activity under Section 16; it documents both a sale and the mechanics of deferred director pay rather than indicating a corporate governance change.

Compensation & Benefits Specialist

Deferred phantom units reflect non-cash director pay with optional cash or stock settlement.

The filing explains phantom stock units are paid quarterly under the FirstEnergy 2020 Incentive Compensation Plan and deferred under the Deferred Compensation Plan for Outside Directors. Each phantom unit is the economic equivalent of one share on a 1-for-1 basis and is payable in cash or shares upon conclusion of service.

The reported 16,203.6424 phantom units (including accrued dividends) represent the director’s deferred compensation balance disclosed on this Form 4; the entry clarifies the form of director remuneration but does not disclose payout timing beyond settlement at end of service.

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).

1. Name and Address of Reporting Person^*

KALETA PAUL J

(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)
10/01/2025

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								2,051	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(1)	(2)	10/01/2025		A		925		(3)	(3)	Common Stock	925	$0	16,203.6424(4)	D

Explanation of Responses:

1. 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.

2. 1 for 1

3. 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.

4. Includes dividends accrued on phantom stock units.

	/s/ Mary M. Swann, attorney-in-fact	10/03/2025
	** 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 Paul J. Kaleta report in the Form 4 for FirstEnergy (FE)?

He reported a disposition of 2,051 common shares and an acquisition of 925 phantom stock units on 10/01/2025.

How many phantom stock units does the filing show after the transaction?

The Form 4 reports 16,203.6424 phantom stock units beneficially owned following the reported transaction.

What are the phantom stock units under FirstEnergy's plans?

The filing states phantom units are paid quarterly under the 2020 Incentive Compensation Plan, deferred under the Deferred Compensation Plan for Outside Directors, and are the economic equivalent of common shares on a 1-for-1 basis.

When were the transactions and who signed the Form 4?

Transactions are dated 10/01/2025 and the Form 4 was signed by Mary M. Swann, attorney-in-fact on 10/03/2025.

Are phantom units payable in cash or stock according to the filing?

Yes. The filing explicitly states phantom stock units are payable in cash or shares following the conclusion of director service.