Director Paul Kaleta granted 898 phantom stock units at FirstEnergy (NYSE: FE)
Filing Impact
Filing Sentiment
Form Type
4
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 898 Phantom Stock Units as compensation. These units are awarded quarterly under the company’s 2020 Incentive Compensation Plan and deferred under the Deferred Compensation Plan for Outside Directors. Each phantom unit is economically equivalent to one share of common stock and is payable in cash or shares after his board service ends. Following this award, he holds 19,371.7865 phantom stock units and 2,051 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
KALETA PAUL J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 898 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Units — 19,371.787 shares (Direct, null);
Common Stock — 2,051 shares (Direct, null)
Footnotes (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. 1 for 1 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. Includes dividends accrued on phantom stock units.
Key Figures
Phantom Stock Units granted: 898 units
Total Phantom Stock Units after grant: 19,371.7865 units
Common Stock holdings: 2,051 shares
+1 more
4 metrics
Phantom Stock Units granted
898 units
Grant under 2020 Incentive Compensation Plan on July 1, 2026
Total Phantom Stock Units after grant
19,371.7865 units
Deferred compensation balance following reported award
Common Stock holdings
2,051 shares
Direct ownership following reported transactions
Phantom to common ratio
1 for 1
Each phantom stock unit equals one common share economically
Key Terms
Phantom Stock Units, 2020 Incentive Compensation Plan, Deferred Compensation Plan for Outside Directors
3 terms
Phantom Stock Units financial
"This holding reflects phantom stock payable in cash or shares of FirstEnergy Corp. common stock"
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.
2020 Incentive Compensation Plan financial
"Represents shares paid quarterly under the FirstEnergy Corp. 2020 Incentive Compensation Plan"
Deferred Compensation Plan for Outside Directors financial
"deferred pursuant to the FirstEnergy Corp. Deferred Compensation Plan for Outside Directors"