FirstEnergy (FE) director granted 837 phantom stock units as quarterly board compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DEMETRIOU STEVEN J. reported acquisition or exercise transactions in this Form 4 filing.
FirstEnergy Corp director Steven J. Demetriou reported a routine compensation grant of phantom stock units. On April 1, 2026, he received 837 Phantom Stock Units as quarterly director compensation under FirstEnergy's 2020 Incentive Compensation Plan, deferred into the Deferred Compensation Plan for Outside Directors.
Each phantom stock unit is the economic equivalent of one share of FirstEnergy common stock on a 1-for-1 basis and is payable in cash or shares after his board service ends. Following this grant, Demetriou holds 29,555.3933 phantom stock units, which include accrued dividends, and separately holds 12,431 shares of common stock directly. The filing shows no open-market purchases or sales, only this grant and updated holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
DEMETRIOU STEVEN J.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 837 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Units — 29,555.393 shares (Direct);
Common Stock — 12,431 shares (Direct)
Footnotes (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. 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: 837 units
Total phantom stock units after grant: 29,555.3933 units
Direct common stock holdings: 12,431 shares
+2 more
5 metrics
Phantom stock units granted
837 units
Quarterly director compensation grant on April 1, 2026
Total phantom stock units after grant
29,555.3933 units
Phantom stock holdings following transaction, including accrued dividends
Direct common stock holdings
12,431 shares
FirstEnergy common stock held directly after reported transactions
Phantom-to-common ratio
1 for 1
Each phantom stock unit equals one share of common stock economically
Transaction price per phantom unit
$0.0000
Grant price, reflecting non-cash compensation award
Key Terms
Phantom Stock Units, Deferred Compensation Plan for Outside Directors, economic equivalent, phantom stock payable in cash or shares
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.
Deferred Compensation Plan for Outside Directors financial
"deferred pursuant to the FirstEnergy Corp. Deferred Compensation Plan for Outside Directors"
economic equivalent financial
"Each share of phantom stock is the economic equivalent of one share of common stock"
FAQ
What did FirstEnergy (FE) director Steven Demetriou report in this Form 4?
Steven Demetriou reported receiving 837 phantom stock units as quarterly director compensation. These units are deferred under FirstEnergy’s outside directors plan and increase his total phantom stock holdings to 29,555.3933 units, alongside 12,431 directly held common shares.
Were there any open-market buys or sells of FirstEnergy (FE) stock in this filing?
No, the filing does not show any open-market purchases or sales. It reports a grant of 837 phantom stock units as director compensation and updates Demetriou’s resulting holdings in both phantom stock units and directly owned common shares.
What are phantom stock units in the context of FirstEnergy (FE)?
Phantom stock units are bookkeeping entries that mirror FirstEnergy’s common stock value 1-for-1. For Demetriou, they are payable in cash or shares after his board service ends and are part of the Deferred Compensation Plan for Outside Directors.
How many FirstEnergy (FE) phantom stock units does Steven Demetriou now hold?
After the 837-unit grant, Demetriou holds 29,555.3933 phantom stock units. This total includes dividends accrued on the phantom stock units, as described in the filing’s footnotes regarding the deferred compensation arrangements for outside directors.
How is the 837-unit grant to Steven Demetriou determined at FirstEnergy (FE)?
The 837 phantom stock units represent shares paid quarterly for director compensation. They are granted under the FirstEnergy Corp. 2020 Incentive Compensation Plan and deferred into the company’s Deferred Compensation Plan for Outside Directors, according to the filing’s explanatory footnote.