[Form 4] FIRSTENERGY CORP Insider Trading Activity

Rhea-AI Filing Summary

Lisa Winston Hicks, a director of FirstEnergy Corp. (FE), reported multiple transactions on a Form 4 with a transaction date of 10/01/2025. The filing shows 925 phantom stock units were acquired as compensation under FirstEnergy’s outside director plans; these phantom units are payable in cash or shares after her service ends and include accrued dividends. The filing also reports a disposition of 2,051 common shares and an indirect acquisition of 500 common shares reported as held by a spouse.

The phantom units are recorded at a $0 conversion price and the report shows a total of 16,203.6694 phantom stock units beneficially owned following the transaction. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 10/03/2025. Explanatory notes state these movements reflect routine director compensation deferrals under the company’s 2020 Incentive Compensation Plan and the Deferred Compensation Plan for Outside Directors.

Positive

• 925 phantom stock units credited as director compensation under the 2020 Incentive Compensation Plan
• Phantom units include accrued dividends, preserving economic value for the director
• Deferred compensation is documented and payable in cash or shares, consistent with plan terms

Negative

• Disposition of 2,051 common shares reported, reducing direct shareholdings
• Form shows indirect acquisition of 500 shares by spouse — indicates ownership shifts within related parties

Insights

Corporate Governance Specialist

Director compensation and share movements were disclosed; phantom units indicate deferred pay.

The Form 4 shows a director received 925 phantom stock units as part of routine director compensation and deferred payment arrangements. Phantom units are recorded as the economic equivalent of common shares and include accrued dividends, which preserves economic exposure without immediate share issuance.

The filing also discloses a disposition of 2,051 common shares and an indirect acquisition of 500 shares by a spouse, indicating ordinary portfolio activity alongside compensation-related accruals.

Compensation & Benefits Analyst

Phantom units reflect deferred, non-cash director pay under established plans.

The 925 phantom units were granted/credited under the FirstEnergy deferred compensation arrangements for outside directors and are payable in cash or stock after service ends, consistent with plan terms. The filing notes these units carry accrued dividends and a $0 exercise/conversion price, meaning they function as a receivable pegged to share value rather than exercised options.

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^*

Hicks Lisa Winston

(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								500	I	By Spouse
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	16,203.6694(4)	D

Explanation of Responses:

1. Represents shares paid quarterly for director compensation 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 FirstEnergy (FE) director Lisa Winston Hicks report on Form 4?

The Form 4 reports a 10/01/2025 transaction where Ms. Hicks was credited with 925 phantom stock units, disposed of 2,051 common shares, and an indirect acquisition of 500 common shares by a spouse.

What are the 925 phantom stock units reported by the director?

The filing states each phantom unit is the economic equivalent of one common share, is payable in cash or stock after service ends, and includes dividends accrued under the Deferred Compensation Plan for Outside Directors.

How many phantom units does the director hold after the transaction?

The Form 4 shows a total of 16,203.6694 phantom stock units beneficially owned following the reported acquisition.

When was the Form 4 filed and who signed it?

The Form 4 lists the transaction date as 10/01/2025 and was signed by an attorney-in-fact, Mary M. Swann, on 10/03/2025.

Does the filing state why shares were acquired or disposed?

Yes. The filing explains the 925 phantom units were paid as quarterly director compensation and deferred per company plans; the 2,051 share disposition and 500 share indirect acquisition are reported as owner movements.