Director James F. O'Neil receives 837 phantom stock units at FirstEnergy (NYSE: FE)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIRSTENERGY CORP director James F. O'Neil received 837 Phantom Stock Units on April 1, 2026 as a grant under the company's 2020 Incentive Compensation Plan. These units are part of quarterly director compensation and carry no exercise price.
The Phantom Stock Units are payable in cash or shares of FirstEnergy common stock after Mr. O'Neil’s service as a director ends, and each unit is the economic equivalent of one common share. After this award, he holds 45,814.8266 Phantom Stock Units and 1,869 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
ONEIL JAMES F
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 837 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Units — 45,814.827 shares (Direct);
Common Stock — 1,869 shares (Direct)
Footnotes (1)
- Represents shares paid quarterly for director compensation under the FirstEnergy Corp. 2020 Incentive Compensation Plan. 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 stock units granted: 837 Phantom Stock Units
Total phantom units after grant: 45,814.8266 units
Common stock holdings: 1,869 shares
+2 more
5 metrics
Phantom stock units granted
837 Phantom Stock Units
Grant on April 1, 2026 as director compensation
Total phantom units after grant
45,814.8266 units
Phantom Stock Units held following April 1, 2026 award
Common stock holdings
1,869 shares
Directly held FirstEnergy common stock after reported transactions
Exercise/conversion price
$0.00 per unit
Phantom Stock Units granted with zero exercise price
Economic equivalence ratio
1 for 1
Each Phantom Stock Unit equals one FirstEnergy common share economically
Key Terms
Phantom Stock Units, 2020 Incentive Compensation Plan, Deferred Compensation Plan for Outside Directors, economic equivalent
4 terms
Phantom Stock Units financial
"Represents shares paid quarterly for director compensation under the FirstEnergy Corp. 2020 Incentive Compensation Plan."
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 for director compensation under the FirstEnergy Corp. 2020 Incentive Compensation Plan."
Deferred Compensation Plan for Outside Directors financial
"in accordance with the terms and conditions of the Company Deferred Compensation Plan for Outside Directors."
economic equivalent financial
"Each phantom stock unit is the economic equivalent of one share of common stock."
FAQ
What insider transaction did FirstEnergy (FE) disclose for James F. O'Neil?
James F. O'Neil received 837 Phantom Stock Units as part of his director compensation. The units were granted on April 1, 2026 and increase his deferred equity-based holdings linked to FirstEnergy’s common stock.
What are Phantom Stock Units in the FirstEnergy (FE) Form 4 filing?
Phantom Stock Units are deferred compensation instruments economically equivalent to FirstEnergy common shares. They are payable in cash or stock after a director’s service ends, aligning director compensation with shareholder value without an immediate stock issuance.
How many Phantom Stock Units does James F. O'Neil hold after this FirstEnergy (FE) grant?
Following the April 1, 2026 award, James F. O'Neil holds 45,814.8266 Phantom Stock Units. These units track FirstEnergy’s common stock value and include amounts attributable to dividends accrued on earlier phantom unit balances.
Does the FirstEnergy (FE) director grant involve an open-market stock purchase or sale?
No, the grant reflects compensation, not an open-market trade. The 837 Phantom Stock Units were awarded at a zero price under company plans, rather than bought or sold on the open market by the director.
When will the Phantom Stock Units reported for FirstEnergy (FE) director be paid out?
The Phantom Stock Units are payable in cash or FirstEnergy common shares after the director’s service concludes. Payout timing follows the terms of the Company Deferred Compensation Plan for Outside Directors described in the disclosure.