FirstEnergy director granted 898 phantom stock units
KALETA PAUL J reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 898 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
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
Key Terms
Phantom Stock Units financial
2020 Incentive Compensation Plan financial
Deferred Compensation Plan for Outside Directors financial
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