FirstEnergy (NYSE: FE) CFO details RSU vesting, stock and phantom grants

Rhea-AI Filing Summary

FirstEnergy Corp SVP, CFO and Strategy K. Jon Taylor reported multiple equity award transactions on March 1, 2026. Performance-adjusted restricted stock units converted into 66,927.69 shares of common stock on a one-for-one basis under the 2020 Incentive Compensation Plan, with related cash-settled units paid separately.

To cover tax obligations from these vestings and a prior restricted stock grant, shares of common stock were disposed of back to the company and withheld. Taylor also received a new grant of 23,210 shares of common stock and 22,344 shares of phantom stock, while his 401(k) plan continues to hold an estimated 5,893.147 shares indirectly.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

K. Jon Taylor

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, CFO and Strategy

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

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	03/01/2026		A		23,210(1)	A	$0	141,200.374	D
Common Stock	03/01/2026		M		66,927.69(2)	A	(3)	208,128.064	D
Common Stock	03/01/2026		F		11,480(4)	D	$50.97	196,648.064	D
Common Stock	03/01/2026		F		5,711(5)	D	$50.97	190,937.064	D
Common Stock	03/01/2026		D		22,240.69(6)	D	$50.97	168,696.374	D
Common Stock	03/01/2026		D		22,344(7)	D	$50.97	146,352.374	D
Common Stock								5,893.147(8)	I	By Savings Plan

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
RSU	(9)	03/01/2026		M			66,927.69	(2)	(2)	Common Stock	66,927.69	$0	0	D
Phantom 3/26D	(10)	03/01/2026		A		22,344		(11)	(11)	Common Stock	22,344	$0	22,344	D

Explanation of Responses:

1. These securities are time-based restricted stock units, each representing a contingent right to receive one share of common stock, par value $0.10 per share, of FirstEnergy Corp. (the "Company"). The time-based restricted stock units were granted under the Company's 2020 Incentive Compensation Plan and will vest in full on March 1, 2029.

2. Represents the vesting of performance-adjusted restricted stock units ("RSUs"), each of which previously represented a contingent right to receive an RSU award payable 2/3 in shares of common stock of the Company ("Share-Based RSUs") and 1/3 in cash ("Cash-Based RSUs") following the vesting date. The satisfaction of the performance goals for the RSUs were certified by the Company's Board of Directors on February 11, 2026, as previously reported on a Form 4 filed on February 13, 2026, and the RSUs, which had remained subject to a continued service requirement, vested on March 1, 2026.

3. The RSUs converted into shares of the Company's common stock on a one-for-one basis under the FirstEnergy Corp. 2020 Incentive Compensation Plan.

4. Represents shares of common stock of the Company withheld to cover tax obligations associated with the vesting on March 1, 2026, of the Share-Based RSUs described in footnote 2, which transaction is exempt under Rule 16b-3.

5. Represents the number of shares withheld to satisfy the reporting person's tax withholding obligation upon the vesting of 14,522 shares of restricted common stock granted pursuant to the terms of the Restricted Stock Award Agreement, dated March 1, 2023, between the Company and the reporting person.

6. On March 1, 2026, the Cash-Based RSUs were settled based on an average of the Company's high and low stock price on February 27, 2026, net of applicable tax withholding obligations.

7. In connection with the vesting of the Share-Based RSUs on March 1, 2026, the reporting person's receipt of 22,344 shares of the Company's common stock was deferred, resulting in the reporting person receiving instead 22,344 shares of phantom stock pursuant to the Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 22,344 shares of common stock in exchange for an equal number of shares of phantom stock.

8. The Company's 401(k) Savings Plan includes a unitized fund invested in shares of common stock of the Company, in which the reporting person may invest, and includes dividend reinvestment and company match features. The number of shares reported as indirectly held in the 401(K) Savings Plan in this row is an estimate of the number of shares of the Company's common stock held in the unitized stock fund since the reporting person's last filed Form 4 and as allocated to the reporting person's account as of February 28, 2026.

9. RSUs convert into the Company's common stock on a one-for-one basis.

10. Each share of phantom stock represents a right to receive one share of the Company's common stock.

11. The phantom stock becomes payable upon the reporting person's death, disability or termination of employment with the Company.

	/s/ Mary M. Swann, attorney-in-fact	03/03/2026
	** Signature of Reporting Person	Date
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FAQ

What equity award activity did FirstEnergy (FE) CFO K. Jon Taylor report?

K. Jon Taylor reported vesting and conversion of performance-adjusted restricted stock units into 66,927.69 common shares, new grants of 23,210 common shares and 22,344 phantom stock units, and related share dispositions to satisfy tax obligations tied to these equity awards on March 1, 2026.

How many FirstEnergy (FE) RSUs vested and converted into common stock?

Performance-adjusted restricted stock units converted into 66,927.69 FirstEnergy common shares on March 1, 2026. These RSUs were granted under the 2020 Incentive Compensation Plan and became fully vested after performance certification and continued service conditions were satisfied, leading to share delivery and associated tax withholding.

What new stock and phantom stock grants did the FirstEnergy (FE) CFO receive?

On March 1, 2026, the CFO received 23,210 shares of FirstEnergy common stock and 22,344 shares of phantom stock. Each phantom share represents a right to receive one common share, becoming payable upon death, disability, or termination of employment under the company’s deferred compensation plan.

Why were some FirstEnergy (FE) shares disposed of in this Form 4?

Shares were disposed of primarily to satisfy tax withholding obligations tied to vested share-based RSUs and a prior restricted stock grant. Additional shares were exchanged for an equal number of phantom stock units under a deferred compensation plan, representing administrative, non-open-market transactions rather than discretionary stock sales.

How does phantom stock work in FirstEnergy’s (FE) deferred compensation plan?

Each phantom stock unit represents a right to receive one FirstEnergy common share. For the CFO, 22,344 common shares were exchanged for 22,344 phantom shares, which will be paid in stock upon death, disability, or termination of employment, aligning long-term compensation with future service outcomes.

What indirect FirstEnergy (FE) holdings does the CFO report through the 401(k) plan?

The CFO’s Form 4 estimates 5,893.147 FirstEnergy common shares indirectly held via a 401(k) unitized stock fund as of February 28, 2026. This fund includes dividend reinvestment and company match features, with share amounts reported as estimates based on plan allocations since the prior Form 4 filing.